Vastned 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	67.78	18.44	72.14	66.38	62.22
Other Revenue	-0.09	-0.22	0.71	0.41	0.49
Total Revenue	67.69	18.23	72.85	66.79	62.71
Revenue Growth (YoY	271.40%	-74.98%	9.08%	6.51%	-4.15%
Property Expenses	6.21	1.19	6.58	5.61	4.66
Selling, General & Administrative	6.17	1.48	7.34	6.89	6.71
Other Operating Expenses	0.25	0.09	1.47	1.49	1.43
Total Operating Expenses	12.63	2.76	15.39	13.98	12.79
Operating Income	55.06	15.47	57.47	52.8	49.92
Interest Expense	-17.41	-4.05	-24.51	4.3	-11.91
Interest & Investment Income	0.06	0	0.01	0.01	0.04
Other Non-Operating Income	0.12	-0.01	-	-	3.58
EBT Excluding Unusual Items	37.83	11.41	32.97	57.12	41.63
Merger & Restructuring Charges	-0.44	-2.07	-	-	-
Gain (Loss) on Sale of Assets	0.02	0.41	0.31	0.64	0.23
Asset Writedown	23.33	1.09	-47.49	-19.46	-26.53
Other Unusual Items	-1.08	-0.17	-	-0.72	-
Pretax Income	59.67	10.67	-14.21	37.58	15.33
Income Tax Expense	10.58	0.03	1	1.23	-0.5
Earnings From Continuing Operations	49.08	10.64	-15.21	36.35	15.83
Net Income to Company	49.08	10.64	-15.21	36.35	15.83
Minority Interest in Earnings	-	-	-4.05	-5	-1.42
Net Income	49.08	10.64	-19.26	31.35	14.41
Net Income to Common	49.08	10.64	-19.26	31.35	14.41
Net Income Growth	361.20%	-	-	117.60%	-
Basic Shares Outstanding	16	5	17	17	17
Diluted Shares Outstanding	16	5	17	17	17
Shares Change (YoY)	218.04%	-70.39%	-	-	-
EPS (Basic)	3.04	2.10	-1.12	1.83	0.84
EPS (Diluted)	3.04	2.10	-1.12	1.83	0.84
EPS Growth	45.02%	-	-	117.60%	-
Dividend Per Share	1.850	2.300	1.850	1.850	1.730
Dividend Growth	-19.56%	24.32%	-	6.94%	-
Operating Margin	81.34%	84.86%	78.88%	79.06%	79.60%
Profit Margin	72.51%	58.39%	-26.44%	46.93%	22.97%
EBITDA	55.61	15.8	-	-	-
EBITDA Margin	82.16%	86.66%	-	-	-
D&A For Ebitda	0.55	0.33	-	-	-
EBIT	55.06	15.47	57.47	52.8	49.92
EBIT Margin	81.34%	84.86%	78.88%	79.06%	79.60%
Effective Tax Rate	17.74%	0.27%	-	3.27%	-
Revenue as Reported	67.69	18.23	-	-	-

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