Vastned (EBR:VASTB)

Vastned Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	67.78	18.44	18.57	17.44	16.75
Other Revenue	0.1	0.34	0.41	0.07	0.05
Total Revenue	67.88	18.78	18.98	17.51	16.79
Revenue Growth (YoY	261.41%	-1.03%	8.39%	4.27%	-0.67%
Property Expenses	9.1	2.35	1.79	1.71	1.24
Selling, General & Administrative	4.9	1.21	1.07	1.07	0.82
Other Operating Expenses	0.34	2	-0.11	-0.04	-0.01
Total Operating Expenses	14.34	5.55	2.75	2.73	2.05
Operating Income	53.54	13.23	16.23	14.78	14.74
Interest Expense	-16.27	-4.05	-3.73	1.83	-0.77
Interest & Investment Income	0.06	0	0	0	0.01
Other Non-Operating Income	-1.02	-0.01	-0	-0	-0
EBT Excluding Unusual Items	36.31	9.18	12.5	16.61	13.97
Gain (Loss) on Sale of Assets	0.02	0.41	0.01	-	0.36
Total Insurance Settlements	-	-	-	0.01	0.01
Asset Writedown	23.33	1.09	-1.12	-2.04	-10.16
Other Unusual Items	-	-	-	-	-0.11
Pretax Income	59.67	10.67	11.38	14.58	4.08
Income Tax Expense	10.58	0.03	0.09	0.09	-0.01
Net Income	49.08	10.64	11.29	14.49	4.09
Net Income to Common	49.08	10.64	11.29	14.49	4.09
Net Income Growth	361.20%	-5.73%	-22.10%	254.13%	-
Basic Shares Outstanding	16	5	5	5	5
Diluted Shares Outstanding	16	5	5	5	5
Shares Change (YoY)	218.04%	-	-	-	-
EPS (Basic)	3.04	2.10	2.22	2.85	0.81
EPS (Diluted)	3.04	2.10	2.22	2.85	0.81
EPS Growth	45.02%	-5.61%	-22.11%	253.71%	-
Dividend Per Share	1.850	2.300	2.300	2.250	2.200
Dividend Growth	-19.56%	-	2.22%	2.27%	7.32%
Operating Margin	78.88%	70.45%	85.50%	84.41%	87.79%
Profit Margin	72.31%	56.66%	59.48%	82.76%	24.37%
EBITDA	53.87	13.56	16.4	15.09	15.39
EBITDA Margin	79.36%	72.20%	86.40%	86.18%	91.63%
D&A For Ebitda	0.33	0.33	0.17	0.31	0.65
EBIT	53.54	13.23	16.23	14.78	14.74
EBIT Margin	78.88%	70.45%	85.50%	84.41%	87.79%
Effective Tax Rate	17.74%	0.27%	0.83%	0.59%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.