Hang Lung Properties Limited (HKG:0101)

Hang Lung Properties Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	11,242	10,316	10,347	10,321	8,973
Other Revenue	26	36	24	8	-88
Total Revenue	11,268	10,352	10,371	10,329	8,885
Revenue Growth (YoY	8.85%	-0.18%	0.41%	16.25%	0.27%
Property Expenses	4,787	2,927	3,094	2,950	2,492
Selling, General & Administrative	650	651	650	592	531
Other Operating Expenses	-18	-18	-17	-37	-48
Total Operating Expenses	5,419	3,560	3,727	3,505	2,975
Operating Income	5,849	6,792	6,644	6,824	5,910
Interest Expense	-833	-609	-439	-426	-122
Interest & Investment Income	44	73	63	74	63
Currency Exchange Gain (Loss)	-2	5	-	-	-
Other Non-Operating Income	-93	-83	-73	-61	-52
EBT Excluding Unusual Items	4,965	6,178	6,195	6,411	5,799
Gain (Loss) on Sale of Assets	17	-1	-	17	2
Asset Writedown	-937	-9	-345	460	-6,664
Pretax Income	4,045	6,168	5,850	6,888	-863
Income Tax Expense	1,388	1,572	1,453	2,083	1,193
Earnings From Continuing Operations	2,657	4,596	4,397	4,805	-2,056
Minority Interest in Earnings	-504	-626	-561	-937	-515
Net Income	2,153	3,970	3,836	3,868	-2,571
Net Income to Common	2,153	3,970	3,836	3,868	-2,571
Net Income Growth	-45.77%	3.49%	-0.83%	-	-
Basic Shares Outstanding	4,635	4,499	4,499	4,499	4,498
Diluted Shares Outstanding	4,635	4,499	4,499	4,499	4,498
Shares Change (YoY)	3.03%	-	0.01%	0.02%	-
EPS (Basic)	0.46	0.88	0.85	0.86	-0.57
EPS (Diluted)	0.46	0.88	0.85	0.86	-0.57
EPS Growth	-47.73%	3.53%	-1.14%	-	-
Dividend Per Share	0.520	0.780	0.780	0.780	0.760
Dividend Growth	-33.33%	-	-	2.63%	-
Operating Margin	51.91%	65.61%	64.06%	66.07%	66.52%
Profit Margin	19.11%	38.35%	36.99%	37.45%	-28.94%
EBITDA	5,966	6,880	6,722	6,885	5,958
EBITDA Margin	52.95%	66.46%	64.81%	66.66%	67.06%
D&A For Ebitda	117	88	78	61	48
EBIT	5,849	6,792	6,644	6,824	5,910
EBIT Margin	51.91%	65.61%	64.06%	66.07%	66.52%
Effective Tax Rate	34.31%	25.49%	24.84%	30.24%	-

Updated Mar 20, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.