Irish Residential Properties REIT Plc (ISE: IRES)

IRES Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	87.85	87.85	84.86	79.74	74.74	62.1
Total Revenue	87.85	87.85	84.86	79.74	74.74	62.1
Revenue Growth (YoY	3.53%	3.53%	6.41%	6.69%	20.37%	22.70%
Property Expenses	19.94	19.94	19.12	16.7	19.41	15.58
Selling, General & Administrative	11.75	11.75	11.41	11.05	5.06	4.29
Depreciation & Amortization	0.54	0.54	0.54	0.52	0.53	0.03
Total Operating Expenses	32.38	32.38	31.18	28.55	25.32	20.14
Operating Income	55.48	55.48	53.68	51.2	49.42	41.96
Interest Expense	-29.63	-29.63	-18.05	-14.95	-13.01	-8.76
Net Interest Expense	-29.63	-29.63	-18.05	-14.95	-13.01	-8.76
EBT Excluding Unusual Items	28.66	28.66	36.69	37.14	37.07	33.2
Gain (Loss) on Sale of Assets	-0.42	-0.42	2.8	0.91	4.43	-
Other Unusual Items	-0.94	-0.94	-5.75	-5.43	-2.33	-3.15
Pretax Income	-114.49	-114.49	-11.86	67.55	58.26	86.28
Income Tax Expense	1.52	1.52	-0.04	-	-	-
Net Income to Common Shareholders	-116.01	-116.01	-11.82	67.55	58.26	86.28
Net Income Growth	-	-	-	15.93%	-32.47%	-27.97%
Basic Shares Outstanding	530	530	530	527	522	479
Diluted Shares Outstanding	530	530	531	528	524	482
Shares Change (YoY)	-0.26%	-0.26%	0.53%	0.76%	8.85%	11.66%
EPS (Basic)	-0.22	-0.22	-0.02	0.13	0.11	0.18
EPS (Diluted)	-0.22	-0.22	-0.02	0.13	0.11	0.18
EPS Growth	-	-	-	15.31%	-37.99%	-35.61%
Dividend Per Share	0.044	0.044	0.051	0.060	0.060	0.058
Dividend Growth	-12.92%	-12.92%	-14.69%	0.34%	2.93%	3.57%
Payout Ratio	0.00%	-	-	-	0.03%	16.33%
EBITDA	55.51	55.51	53.71	51.21	49.44	41.96
EBITDA Margin	63.18%	63.18%	63.29%	64.22%	66.15%	67.57%
D&A For Ebitda	0.03	0.03	0.03	0.01	0.02	0
EBIT	55.48	55.48	53.68	51.2	49.42	41.96
EBIT Margin	63.15%	63.15%	63.26%	64.20%	66.12%	67.57%

Source: S&P Capital IQ. Real Estate template.