Vastned 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	42.75	18.44	18.57	17.44	16.75	16.71
Other Revenue	0.12	0.34	0.41	0.07	0.05	0.19
Total Revenue	42.87	18.78	18.98	17.51	16.79	16.91
Revenue Growth (YoY	121.64%	-1.03%	8.39%	4.27%	-0.67%	-12.25%
Property Expenses	6.53	2.35	1.79	1.71	1.24	1.86
Selling, General & Administrative	3.02	1.21	1.07	1.07	0.82	1.76
Other Operating Expenses	2.12	2	-0.11	-0.04	-0.01	-0.16
Total Operating Expenses	11.66	5.55	2.75	2.73	2.05	3.46
Operating Income	31.21	13.23	16.23	14.78	14.74	13.45
Interest Expense	-14.33	-4.05	-3.73	1.83	-0.77	-1.35
Interest & Investment Income	0.04	0	0	0	0.01	-
Other Non-Operating Income	-0.03	-0.01	-0	-0	-0	-0
EBT Excluding Unusual Items	16.88	9.18	12.5	16.61	13.97	12.09
Gain (Loss) on Sale of Assets	0.02	0.41	0.01	-	0.36	1.51
Total Insurance Settlements	-	-	-	0.01	0.01	-
Asset Writedown	16.35	1.09	-1.12	-2.04	-10.16	-22.36
Other Unusual Items	-	-	-	-	-0.11	0.24
Pretax Income	33.25	10.67	11.38	14.58	4.08	-8.52
Income Tax Expense	5.09	0.03	0.09	0.09	-0.01	0.01
Earnings From Continuing Operations	28.16	10.64	11.29	14.49	4.09	-8.52
Net Income	28.16	10.64	11.29	14.49	4.09	-8.52
Net Income to Common	28.16	10.64	11.29	14.49	4.09	-8.52
Net Income Growth	120.78%	-5.73%	-22.10%	254.13%	-	-
Basic Shares Outstanding	11	5	5	5	5	5
Diluted Shares Outstanding	11	5	5	5	5	5
EPS (Basic)	2.65	2.10	2.22	2.85	0.81	-1.68
EPS (Diluted)	2.65	2.10	2.22	2.85	0.81	-1.68
EPS Growth	5.64%	-5.61%	-22.11%	253.71%	-	-
Dividend Per Share	1.700	2.300	2.300	2.250	2.200	2.050
Dividend Growth	-63.04%	-	2.22%	2.27%	7.32%	-29.31%
Operating Margin	72.80%	70.45%	85.50%	84.41%	87.79%	79.55%
Profit Margin	65.70%	56.66%	59.48%	82.76%	24.37%	-50.42%
EBITDA	31.55	13.56	16.4	15.09	15.39	13.72
EBITDA Margin	73.60%	72.20%	86.40%	86.18%	91.63%	81.14%
D&A For Ebitda	0.34	0.33	0.17	0.31	0.65	0.27
EBIT	31.21	13.23	16.23	14.78	14.74	13.45
EBIT Margin	72.80%	70.45%	85.50%	84.41%	87.79%	79.55%
Effective Tax Rate	15.31%	0.27%	0.83%	0.59%	-	-

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