VGP NV 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	83.07	73.7	69	51.23	18.27	12.08
Property Management Fees	33.07	32.67	26.93	21.54	21.3	14.7
Other Revenue	48.38	38.27	50.46	60.19	0.03	15.27
Total Revenue	164.52	144.64	146.39	132.96	39.61	42.04
Revenue Growth (YoY	-15.65%	-1.20%	10.11%	235.67%	-5.79%	55.16%
Property Expenses	7.38	6.02	5.53	8.22	2.88	3.78
Selling, General & Administrative	63.89	61.26	48.86	33.96	52.11	29.3
Other Operating Expenses	-	1.75	-	3	5	4
Total Operating Expenses	71.27	69.03	54.4	45.18	59.99	37.08
Operating Income	93.24	75.6	92	87.78	-20.38	4.96
Interest Expense	-45.59	-42.84	-34.5	-37.7	-20.86	-14.7
Interest & Investment Income	43.84	50.17	33.99	17.31	12.32	9.29
Currency Exchange Gain (Loss)	-0.79	-0.24	0.07	-1.43	-0.79	-0.28
Other Non-Operating Income	-1.1	-4.68	-5.6	-5.18	-3.32	-2.91
EBT Excluding Unusual Items	89.6	78.01	85.96	60.77	-33.03	-3.63
Gain (Loss) on Sale of Investments	54.48	54.48	-61.18	-106.12	186.67	48.07
Gain (Loss) on Sale of Assets	49.5	92.87	59.02	87.22	11.54	166.14
Asset Writedown	179.99	94.19	28.94	-184.45	598.73	200.22
Pretax Income	373.57	319.54	112.74	-142.58	763.9	410.8
Income Tax Expense	47.59	32.56	25.45	-20.04	113.85	39.87
Net Income	325.98	286.99	87.29	-122.54	650.06	370.94
Net Income to Common	325.98	286.99	87.29	-122.54	650.06	370.94
Net Income Growth	67.88%	228.77%	-	-	75.25%	80.41%
Basic Shares Outstanding	27	27	27	22	21	20
Diluted Shares Outstanding	27	27	27	22	21	20
Shares Change (YoY)	-	-	22.32%	7.81%	3.69%	7.41%
EPS (Basic)	11.94	10.52	3.20	-5.49	31.41	18.58
EPS (Diluted)	11.94	10.52	3.20	-5.49	31.41	18.58
EPS Growth	67.83%	228.77%	-	-	69.05%	67.99%
Dividend Per Share	3.300	3.300	2.950	2.750	6.850	3.650
Dividend Growth	11.86%	11.86%	7.27%	-59.85%	87.67%	24.57%
Operating Margin	56.68%	52.27%	62.84%	66.02%	-51.44%	11.80%
Profit Margin	198.14%	198.42%	59.63%	-92.17%	1641.14%	882.29%
EBITDA	102.5	84.21	97.92	92.26	-17.95	7.04
EBITDA Margin	62.30%	58.22%	66.88%	69.39%	-45.31%	16.74%
D&A For Ebitda	9.25	8.61	5.92	4.48	2.43	2.08
EBIT	93.24	75.6	92	87.78	-20.38	4.96
EBIT Margin	56.68%	52.27%	62.84%	66.02%	-51.44%	11.80%
Effective Tax Rate	12.74%	10.19%	22.57%	-	14.90%	9.70%

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