LAND3 Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	75.98	91.73	95.01	104.27
Total Revenue	75.98	91.73	95.01	104.27
Revenue Growth (YoY	-22.69%	-3.46%	-8.88%	-
Property Expenses	5.1	5.13	6.79	7.14
Selling, General & Administrative	28.45	24.56	28.6	14.31
Other Operating Expenses	-5.52	2.61	3.51	7.54
Total Operating Expenses	28.02	32.3	38.9	28.99
Operating Income	47.95	59.43	56.11	75.28
Interest Expense	-13.25	-12.93	-12.08	-11.89
Interest & Investment Income	6.87	6.76	2.74	0.78
Currency Exchange Gain (Loss)	-6.11	-2.63	2.74	0.26
Other Non-Operating Income	0.25	-2.55	-4.1	-3.84
EBT Excluding Unusual Items	35.71	48.08	45.41	60.58
Pretax Income	35.71	48.08	45.41	60.58
Income Tax Expense	8.39	12.87	-91.76	22.56
Net Income	27.32	35.21	137.17	38.02
Net Income to Common	27.32	35.21	137.17	38.02
Net Income Growth	-81.47%	-74.33%	260.74%	-
Basic Shares Outstanding	96	96	96	75
Diluted Shares Outstanding	96	96	96	75
Shares Change (YoY)	0.01%	-	28.60%	-
EPS (Basic)	0.28	0.37	1.43	0.51
EPS (Diluted)	0.28	0.37	1.43	0.51
EPS Growth	-81.48%	-74.33%	180.52%	-
Dividend Per Share	-	-	1.354	-
Operating Margin	63.12%	64.79%	59.06%	72.19%
Profit Margin	35.96%	38.39%	144.37%	36.47%
Free Cash Flow Margin	31.61%	58.56%	47.97%	110.59%
EBITDA	51.65	63.36	61.91	80.72
EBITDA Margin	67.98%	69.07%	65.16%	77.41%
D&A For Ebitda	3.69	3.93	5.8	5.44
EBIT	47.95	59.43	56.11	75.28
EBIT Margin	63.12%	64.79%	59.06%	72.19%
Effective Tax Rate	23.50%	26.76%	-	37.24%

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