SF Real Estate Investment Trust (HKG:2191)

HKG:2191 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	445.99	444.92	421.47	366.41	279
Total Revenue	445.99	444.92	421.47	366.41	279
Revenue Growth (YoY	0.24%	5.56%	15.03%	31.33%	3.60%
Property Expenses	92.34	87.26	77.91	63.33	57.07
Selling, General & Administrative	33.03	37.44	31.97	43.99	0.97
Depreciation & Amortization	-	-	-	-	0.57
Other Operating Expenses	-39.67	-3.14	-1.55	9.18	3.11
Total Operating Expenses	85.7	121.57	108.33	116.51	61.73
Operating Income	360.29	323.35	313.14	249.9	217.27
Interest Expense	-117.06	-113.96	-73.2	-34.04	-118.43
Interest & Investment Income	7	9.2	3.54	0.16	0.14
Currency Exchange Gain (Loss)	-1.32	-0.36	-0.68	-5.95	-3.1
EBT Excluding Unusual Items	248.91	218.23	242.81	210.08	95.89
Gain (Loss) on Sale of Investments	-	-	-	-	-0
Asset Writedown	-614.44	55.01	301.23	121.26	-53.84
Other Unusual Items	-	-	-	-	0.28
Pretax Income	-365.53	273.25	544.04	331.34	42.33
Income Tax Expense	-71	53.78	104.36	69.93	15.45
Net Income	-294.53	219.47	439.67	261.41	26.88
Net Income to Common	-294.53	219.47	439.67	261.41	26.88
Net Income Growth	-	-50.08%	68.19%	872.49%	-84.62%
Basic Shares Outstanding	811	802	800	800	-
Diluted Shares Outstanding	811	807	800	800	-
Shares Change (YoY)	0.46%	0.90%	-	-	-
EPS (Basic)	-0.36	0.27	0.55	0.33	-
EPS (Diluted)	-0.36	0.27	0.55	0.33	-
EPS Growth	-	-50.53%	68.23%	-	-
Dividend Per Share	0.274	0.287	0.277	0.259	-
Dividend Growth	-4.40%	3.32%	7.27%	-	-
Operating Margin	80.78%	72.68%	74.30%	68.20%	77.88%
Profit Margin	-66.04%	49.33%	104.32%	71.34%	9.63%
EBITDA	362.4	325.53	314.71	251.4	218.72
EBITDA Margin	81.26%	73.17%	74.67%	68.61%	78.39%
D&A For Ebitda	2.11	2.18	1.57	1.49	1.45
EBIT	360.29	323.35	313.14	249.9	217.27
EBIT Margin	80.78%	72.68%	74.30%	68.20%	77.88%
Effective Tax Rate	-	19.68%	19.18%	21.11%	36.49%

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