Mercialys SA (EPA: MERY)

Mercialys 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	181.41	178.01	173.28	172.23	175.44	191.85
Total Revenue	181.41	178.01	173.28	172.23	175.44	191.85
Revenue Growth (YoY	3.67%	2.73%	0.61%	-1.83%	-8.55%	2.44%
Property Expenses	5.64	7.09	7.35	12.19	28.08	12.65
Selling, General & Administrative	0.76	0.76	0.77	-0.05	0.02	0.21
Depreciation & Amortization	38.71	38.54	37.73	39.16	40.78	40.44
Other Operating Expenses	38.59	43.1	30.33	26.15	16.35	20.85
Total Operating Expenses	83.7	89.49	76.17	77.45	85.23	74.15
Operating Income	97.71	88.52	97.1	94.79	90.21	117.71
Interest Expense	-34.27	-34.73	-29.93	-36.87	-31.45	-30.89
Interest & Investment Income	3.19	3.19	0.47	-	0.29	0.28
Income (Loss) on Equity Investments	2.15	1.73	2.38	2.26	-3.7	2.29
Other Non-Operating Income	-1.25	0.13	7.46	6.41	9.08	7.41
EBT Excluding Unusual Items	67.52	58.83	77.48	66.58	64.43	96.8
Gain (Loss) on Sale of Investments	0.91	-	-	0.18	0.06	0.19
Gain (Loss) on Sale of Assets	0.8	0.8	8.2	8.6	47.54	17.44
Asset Writedown	12	-	-	0.1	-13.32	-10.4
Total Legal Settlements	-3.5	-3.5	0.7	-	-	-
Other Unusual Items	-7.12	-8.9	-33.86	-3.55	-2.54	-1.56
Pretax Income	70.61	47.23	52.52	71.91	96.17	102.47
Income Tax Expense	0.7	0.5	0.71	0.85	2.02	3.27
Earnings From Continuing Operations	69.91	46.73	51.81	71.07	94.15	99.2
Minority Interest in Earnings	-10.73	6.64	-8.72	-8.88	-8.32	-8.86
Net Income	59.18	53.37	43.09	62.18	85.83	90.34
Net Income to Common	59.18	53.37	43.09	62.18	85.83	90.34
Net Income Growth	-2.88%	23.85%	-30.70%	-27.55%	-4.99%	11.74%
Basic Shares Outstanding	93	93	93	93	92	92
Diluted Shares Outstanding	93	93	93	93	92	92
Shares Change (YoY)	0.21%	-0.08%	0.59%	1.43%	-0.28%	0.06%
EPS (Basic)	0.63	0.57	0.46	0.67	0.94	0.98
EPS (Diluted)	0.63	0.57	0.46	0.67	0.94	0.98
EPS Growth	-3.60%	23.91%	-31.32%	-28.57%	-4.31%	11.36%
Dividend Per Share	0.990	0.990	0.960	0.920	0.430	0.950
Dividend Growth	3.13%	3.13%	4.35%	113.95%	-54.74%	-15.18%
Operating Margin	53.86%	49.73%	56.04%	55.03%	51.42%	61.35%
Profit Margin	32.62%	29.98%	24.87%	36.10%	48.92%	47.09%
Free Cash Flow Margin	87.28%	75.43%	86.64%	78.81%	76.88%	80.77%
EBITDA	133.02	124.42	132.61	131.38	128.47	155.77
EBITDA Margin	73.33%	69.89%	76.53%	76.28%	73.23%	81.19%
D&A For Ebitda	35.31	35.9	35.51	36.6	38.26	38.06
EBIT	97.71	88.52	97.1	94.79	90.21	117.71
EBIT Margin	53.86%	49.73%	56.04%	55.03%	51.42%	61.35%
Funds From Operations (FFO)	110.83	108.96	105.52	101.75	95.54	124.17
Adjusted Funds From Operations (AFFO)	-	108.96	105.52	101.75	95.54	124.17
FFO Payout Ratio	83.59%	82.20%	81.52%	22.01%	46.01%	80.52%
Effective Tax Rate	0.99%	1.05%	1.35%	1.18%	2.10%	3.19%

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