Home Invest Belgium Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	38.81	36.51	34.79	31.46	27.54
Tenant Reimbursements	1.27	1.37	1.17	1.09	1.62
Other Revenue	1.84	1.58	0.65	4.05	2.25
Total Revenue	41.91	39.46	36.62	36.6	31.4
Revenue Growth (YoY	6.23%	7.74%	0.06%	16.56%	3.62%
Property Expenses	7.2	7.22	7.56	7.29	7.14
Selling, General & Administrative	3.61	3.07	3.41	3.02	2.59
Other Operating Expenses	1.05	0.21	-0.62	0.85	-0.74
Total Operating Expenses	11.86	10.5	10.35	11.16	8.99
Operating Income	30.06	28.96	26.27	25.44	22.41
Interest Expense	-6.42	-5.85	-5.12	-5.11	-4.54
Interest & Investment Income	0.1	0.07	0.1	0.07	0.05
Other Non-Operating Income	-0.08	-0.07	-0.1	-0.09	-0.09
EBT Excluding Unusual Items	23.65	23.1	21.15	20.31	17.83
Gain (Loss) on Sale of Investments	-1.31	-6.34	-11.33	32.32	4.26
Gain (Loss) on Sale of Assets	4.52	1.89	0.03	-0.02	0.43
Asset Writedown	33.31	62.81	-23.79	4.89	26.55
Other Unusual Items	0.01	0.08	-0	-0.02	0.03
Pretax Income	60.18	81.53	-13.95	57.49	49.09
Income Tax Expense	0.41	0.56	0.34	0.26	0.22
Net Income	59.77	80.97	-14.28	57.23	48.87
Net Income to Common	59.77	80.97	-14.28	57.23	48.87
Net Income Growth	-26.19%	-	-	17.12%	158.73%
Basic Shares Outstanding	20	20	19	17	16
Diluted Shares Outstanding	20	20	19	17	16
Shares Change (YoY)	0.03%	6.35%	9.33%	4.04%	0.01%
EPS (Basic)	3.00	4.07	-0.76	3.35	2.97
EPS (Diluted)	3.00	4.07	-0.76	3.35	2.97
EPS Growth	-26.21%	-	-	12.57%	158.70%
Dividend Per Share	1.030	1.020	1.010	1.000	0.990
Dividend Growth	0.98%	0.99%	1.00%	1.01%	-
Operating Margin	71.71%	73.39%	71.75%	69.50%	71.37%
Profit Margin	142.59%	205.23%	-39.00%	156.37%	155.62%
EBITDA	30.08	28.98	26.39	25.65	22.52
EBITDA Margin	71.78%	73.45%	72.05%	70.09%	71.72%
D&A For Ebitda	0.03	0.02	0.11	0.21	0.11
EBIT	30.06	28.96	26.27	25.44	22.41
EBIT Margin	71.71%	73.39%	71.75%	69.50%	71.37%
Effective Tax Rate	0.69%	0.68%	-	0.45%	0.45%

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