Cofinimmo SA (EBR: COFB)

Cofinimmo Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	352.95	347.92	323.89	299.61	260.97	241.39
Tenant Reimbursements	48.58	48.58	42.53	41.2	34.24	44.79
Other Revenue	-7.53	-7.53	1.29	2.31	-2.47	-0.8
Total Revenue	394	388.97	367.71	343.12	292.73	285.38
Revenue Growth (YoY	4.33%	5.78%	7.17%	17.21%	2.58%	8.31%
Property Expenses	102.13	102.19	92.96	84.93	71.43	81.77
Selling, General & Administrative	12.41	14.41	13.71	11.5	10.1	8.83
Other Operating Expenses	-2.75	-2.69	25.29	31.46	26.01	14.52
Total Operating Expenses	111.79	113.9	131.96	127.89	107.54	105.12
Operating Income	282.21	275.07	235.74	215.22	185.2	180.26
Interest Expense	-69.94	-70.62	-23.73	-18.54	-14.36	-17.39
Interest & Investment Income	13.14	13.14	11.39	10	7.04	6.39
Income (Loss) on Equity Investments	3.17	-	-	-	-	-
Other Non-Operating Income	33.22	32.68	-8.6	-8.06	-9.78	-7.38
EBT Excluding Unusual Items	261.81	250.27	214.8	198.63	168.1	161.88
Impairment of Goodwill	-27.34	-27.34	-14.29	-5.2	-10.12	-14.61
Gain (Loss) on Sale of Investments	-79.48	-79.48	216.45	40.97	-22.76	-23.77
Gain (Loss) on Sale of Assets	8.46	-4.05	4.49	7.77	4.58	12.39
Total Insurance Settlements	0.65	0.65	0.91	0.47	0.61	0.37
Asset Writedown	-180.52	-181.65	77.46	34.51	-13.7	79.07
Other Unusual Items	-24.8	-5.54	-5.89	-3.59	-3.18	0.52
Pretax Income	-41.22	-47.13	493.94	273.55	123.54	215.86
Income Tax Expense	5.26	7.04	11.37	10.55	7.91	5.57
Earnings From Continuing Operations	-46.48	-54.17	482.57	263	115.63	210.29
Minority Interest in Earnings	-5.72	-1.33	0.37	-2.67	3.59	-5.67
Net Income	-52.2	-55.5	482.94	260.34	119.22	204.62
Net Income to Common	-52.2	-55.5	482.94	260.34	119.22	204.62
Net Income Growth	-	-	85.50%	118.36%	-41.73%	40.52%
Basic Shares Outstanding	-	34	32	30	26	24
Diluted Shares Outstanding	-	34	33	30	29	27
Shares Change (YoY)	-	4.64%	7.76%	5.84%	7.50%	12.72%
EPS (Basic)	-	-1.63	15.09	8.78	4.50	8.37
EPS (Diluted)	-	-1.63	14.79	8.68	4.09	7.94
EPS Growth	-	-	70.45%	111.99%	-48.43%	27.94%
Dividend Per Share	6.200	6.200	6.200	6.000	5.800	5.600
Dividend Growth	0%	0%	3.33%	3.45%	3.57%	1.82%
Operating Margin	71.63%	70.72%	64.11%	62.73%	63.27%	63.17%
Profit Margin	-13.25%	-14.27%	131.34%	75.87%	40.73%	71.70%
Free Cash Flow Margin	-	58.59%	57.22%	58.42%	61.33%	59.29%
EBITDA	283.59	276.91	238.2	215.5	185.48	180.54
EBITDA Margin	71.98%	71.19%	64.78%	62.81%	63.36%	63.27%
D&A For Ebitda	1.38	1.84	2.46	0.28	0.28	0.29
EBIT	282.21	275.07	235.74	215.22	185.2	180.26
EBIT Margin	71.63%	70.72%	64.11%	62.73%	63.27%	63.17%
Effective Tax Rate	-	-	2.30%	3.86%	6.40%	2.58%

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