Dubai Residential REIT Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Rental Revenue	1,953	1,793	1,647	1,456
Total Revenue	1,953	1,793	1,647	1,456
Revenue Growth (YoY	8.96%	8.86%	13.14%	-
Property Expenses	427.3	521.94	494.13	478.53
Selling, General & Administrative	177.15	112.72	131.95	131.67
Other Operating Expenses	-9.53	-7.16	-7.92	-6.62
Total Operating Expenses	594.92	627.5	618.17	603.59
Operating Income	1,359	1,165	1,029	852.09
Interest Expense	-95.98	-117.92	-112.79	-94.37
Interest & Investment Income	9.4	46.97	23.25	12.65
Other Non-Operating Income	14.98	29.82	39.1	9.85
EBT Excluding Unusual Items	1,287	1,124	978.33	780.21
Asset Writedown	1,735	1,538	2,423	1,820
Pretax Income	3,022	2,662	3,402	2,600
Income Tax Expense	-	-	1,028	-
Net Income	3,022	2,662	2,373	2,600
Net Income to Common	3,022	2,662	2,373	2,600
Net Income Growth	13.50%	12.18%	-8.73%	-
Basic Shares Outstanding	13,000	13,000	-	-
Diluted Shares Outstanding	13,000	13,000	-	-
EPS (Basic)	0.23	0.20	-	-
EPS (Diluted)	0.23	0.20	-	-
EPS Growth	13.50%	-	-	-
Dividend Per Share	0.080	0.090	-	-
Dividend Growth	-11.11%	-	-	-
Operating Margin	69.55%	65.00%	62.47%	58.54%
Profit Margin	154.68%	148.50%	144.10%	178.62%
EBITDA	1,361	1,168	1,032	856.15
EBITDA Margin	69.66%	65.14%	62.68%	58.81%
D&A For Ebitda	2.26	2.53	3.57	4.07
EBIT	1,359	1,165	1,029	852.09
EBIT Margin	69.55%	65.00%	62.47%	58.54%
Effective Tax Rate	-	-	30.23%	-