Wereldhave 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	75.78	64.81	64.51	58.24	54.87
Tenant Reimbursements	-2.52	-2.23	-3.09	-1.91	-1.57
Other Revenue	6.09	5.63	4.8	3.89	3.67
Total Revenue	79.35	68.21	66.22	60.23	56.97
Revenue Growth (YoY	16.33%	3.01%	9.95%	5.71%	-2.64%
Property Expenses	4.29	4.32	6.22	2.37	4.94
Selling, General & Administrative	15.1	13.84	12.17	11.99	10.26
Other Operating Expenses	-2.3	-1.47	-0.01	0.51	-1.39
Total Operating Expenses	17.1	16.68	18.39	14.87	13.81
Operating Income	62.25	51.53	47.83	45.36	43.16
Interest Expense	-16.89	-16.33	-13.36	-5.91	-4.67
Interest & Investment Income	-	7.78	5.56	1.42	0.79
Other Non-Operating Income	5.78	-0.06	-0.08	-0.96	-0.18
EBT Excluding Unusual Items	51.14	42.93	39.96	39.9	39.1
Gain (Loss) on Sale of Investments	-0.38	-3.37	-5.57	15.4	2.48
Gain (Loss) on Sale of Assets	-0.65	-0.1	-0.12	-0.03	-0.01
Asset Writedown	-5.94	32.53	-4.97	-	-3.28
Pretax Income	44.17	71.99	29.29	55.28	38.29
Income Tax Expense	1.79	0.1	0.07	0.05	0.1
Net Income	42.38	71.89	29.22	55.23	38.19
Net Income to Common	42.38	71.89	29.22	55.23	38.19
Net Income Growth	-41.05%	146.01%	-47.09%	44.62%	-
Basic Shares Outstanding	10	9	9	9	9
Diluted Shares Outstanding	10	9	9	9	9
Shares Change (YoY)	9.14%	-	0.75%	3.12%	8.59%
EPS (Basic)	4.37	8.09	3.29	6.26	4.47
EPS (Diluted)	4.37	8.09	3.29	6.26	4.47
EPS Growth	-45.98%	146.01%	-47.47%	40.20%	-
Dividend Per Share	-	4.300	4.100	4.200	4.100
Dividend Growth	-	4.88%	-2.38%	2.44%	2.50%
Operating Margin	78.45%	75.55%	72.23%	75.31%	75.76%
Profit Margin	53.41%	105.39%	44.13%	91.71%	67.04%
EBITDA	62.66	51.93	48.17	45.5	43.37
EBITDA Margin	78.97%	76.13%	72.75%	75.56%	76.13%
D&A For Ebitda	0.41	0.39	0.35	0.15	0.21
EBIT	62.25	51.53	47.83	45.36	43.16
EBIT Margin	78.45%	75.55%	72.23%	75.31%	75.76%
Effective Tax Rate	4.06%	0.14%	0.25%	0.08%	0.26%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.