Dubai Residential REIT (DFM:DUBAIRESI)

Dubai Residential REIT Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Rental Revenue	1,879	1,793	1,647	1,456
Total Revenue	1,879	1,793	1,647	1,456
Revenue Growth (YoY	29.05%	8.86%	13.14%	-
Property Expenses	537.08	521.94	494.13	478.53
Selling, General & Administrative	130.53	120.15	131.95	131.67
Other Operating Expenses	-7.21	-7.16	-7.92	-6.62
Total Operating Expenses	660.39	634.93	618.17	603.59
Operating Income	1,218	1,158	1,029	852.09
Interest Expense	-129.09	-117.92	-112.79	-94.37
Interest & Investment Income	48.01	46.97	23.25	12.65
Other Non-Operating Income	29.82	29.82	39.1	9.85
EBT Excluding Unusual Items	1,167	1,117	978.33	780.21
Asset Writedown	2,849	1,546	2,423	1,820
Pretax Income	4,016	2,662	3,402	2,600
Income Tax Expense	239.5	239.5	1,028	-
Net Income	3,777	2,423	2,373	2,600
Net Income to Common	3,777	2,423	2,373	2,600
Net Income Growth	45.24%	2.09%	-8.73%	-
Operating Margin	64.84%	64.59%	62.47%	58.54%
Profit Margin	201.04%	135.14%	144.10%	178.62%
EBITDA	1,221	1,160	1,032	856.15
EBITDA Margin	64.98%	64.73%	62.68%	58.81%
D&A For Ebitda	2.57	2.53	3.57	4.07
EBIT	1,218	1,158	1,029	852.09
EBIT Margin	64.84%	64.59%	62.47%	58.54%
Effective Tax Rate	5.96%	9.00%	30.23%	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.