HEDGE Brasil Shopping Fundo de Investimento Imobiliário (BVMF: HGBS11)

BVMF: HGBS11 Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	137.79	137.79	111.45	68.63	41.62	64.61
Gain (Loss) on Sale of Investments (Rev)	41.27	41.27	-69.98	-108.19	-196.14	113.91
Other Revenue	-1.14	-1.14	-	-	-	-
Total Revenue	268.83	268.83	181.29	59.85	-104.16	229.3
Revenue Growth (YoY	48.28%	48.28%	202.90%	-	-	115.10%
Selling, General & Administrative	14.03	14.03	12.25	13.56	14.74	12.36
Other Operating Expenses	3.96	3.96	0.35	0.46	0.47	0.29
Total Operating Expenses	18	18	12.59	14.01	15.22	12.65
Operating Income	250.83	250.83	168.7	45.84	-119.37	216.65
Other Non-Operating Income	-12.98	-12.98	-0.06	8.97	-0.07	-0.06
EBT Excluding Unusual Items	237.85	237.85	168.65	54.81	-119.44	216.58
Asset Writedown	99.72	99.72	61.38	-36.42	-52.58	108.05
Pretax Income	337.58	337.58	230.03	18.39	-172.02	324.64
Income Tax Expense	-	-	-	-	-35.03	24.83
Net Income	337.58	337.58	230.03	18.39	-136.99	299.81
Net Income to Common	337.58	337.58	230.03	18.39	-136.99	299.81
Net Income Growth	46.75%	46.75%	1150.91%	-	-	666.54%
Basic Shares Outstanding	13	13	10	10	10	-
Diluted Shares Outstanding	13	13	10	10	10	-
Shares Change (YoY)	27.30%	27.30%	-	-	-	-
EPS (Basic)	26.52	26.52	23.00	1.84	-13.70	-
EPS (Diluted)	26.52	26.52	23.00	1.84	-13.70	-
EPS Growth	15.28%	15.28%	1150.91%	-	-	-
Operating Margin	93.31%	93.31%	93.05%	76.59%	-	94.48%
Profit Margin	125.57%	125.57%	126.88%	30.72%	-	130.75%
Free Cash Flow Margin	58.58%	58.58%	88.86%	149.19%	-	44.81%
EBIT	250.83	250.83	168.7	45.84	-119.37	216.65
EBIT Margin	93.31%	93.31%	93.05%	76.59%	-	94.48%
Effective Tax Rate	-	-	-	-	-	7.65%

Source: S&P Capital IQ. Real Estate template. Financial Sources.