NEPI Rockcastle Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	598.61	566.07	510.1	422.05	369.4	379.81
Other Revenue	292.24	287.29	264.18	203.09	169.23	155.6
Total Revenue	890.85	853.36	774.28	625.14	538.62	535.41
Revenue Growth (YoY	9.13%	10.21%	23.86%	16.06%	0.60%	-9.23%
Property Expenses	273.81	268.37	258.54	201.96	158.11	166.48
Selling, General & Administrative	64.7	59.11	55.16	47.81	38.62	20.84
Total Operating Expenses	338.51	327.48	313.71	249.77	196.73	187.32
Operating Income	552.34	525.88	460.57	375.37	341.89	348.09
Interest Expense	-118.41	-112.6	-81	-56.8	-62.65	-58.71
Interest & Investment Income	14.31	19.91	6.89	3.51	1.42	1.64
Currency Exchange Gain (Loss)	-0.54	-0.16	-1.19	1.59	-0.94	-1.67
Other Non-Operating Income	-8.51	-4.75	-8.72	33.65	0.68	-13.52
EBT Excluding Unusual Items	439.18	428.29	376.55	357.32	280.41	275.84
Gain (Loss) on Sale of Investments	-	-	-	-	-	-88.25
Gain (Loss) on Sale of Assets	25.55	25.93	5.64	1.12	2	2.31
Asset Writedown	169.49	195.38	164.47	141.7	34.65	-345.25
Total Legal Settlements	-	-	-	21.3	-37.3	-
Other Unusual Items	-	-	-	-19.84	-17.77	-47.05
Pretax Income	634.22	649.6	546.66	501.61	261.99	-202.4
Income Tax Expense	68.91	62.04	69.86	66.33	26.92	-26.53
Earnings From Continuing Operations	565.31	587.57	476.8	435.27	235.07	-175.87
Minority Interest in Earnings	-	-	-	-0.11	-0.07	0.95
Net Income	565.31	587.57	476.8	435.17	235	-174.92
Net Income to Common	565.31	587.57	476.8	435.17	235	-174.92
Net Income Growth	9.28%	23.23%	9.57%	85.17%	-	-
Basic Shares Outstanding	695	670	633	608	609	625
Diluted Shares Outstanding	697	671	634	609	609	625
Shares Change (YoY)	6.50%	5.88%	4.22%	-0.08%	-2.56%	2.23%
EPS (Basic)	0.81	0.88	0.75	0.72	0.39	-0.28
EPS (Diluted)	0.81	0.88	0.75	0.72	0.39	-0.28
EPS Growth	2.59%	16.39%	5.13%	85.31%	-	-
Dividend Per Share	0.550	0.542	0.513	0.507	0.344	0.169
Dividend Growth	4.32%	5.62%	1.18%	47.24%	103.91%	-68.75%
Operating Margin	62.00%	61.63%	59.48%	60.05%	63.48%	65.01%
Profit Margin	63.46%	68.85%	61.58%	69.61%	43.63%	-32.67%
EBITDA	555.03	527.93	462.04	376.84	342.54	348.67
EBITDA Margin	62.30%	61.87%	59.67%	60.28%	63.59%	65.12%
D&A For Ebitda	2.69	2.05	1.47	1.47	0.64	0.58
EBIT	552.34	525.88	460.57	375.37	341.89	348.09
EBIT Margin	62.00%	61.63%	59.48%	60.05%	63.48%	65.01%
Effective Tax Rate	10.87%	9.55%	12.78%	13.22%	10.27%	-

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