Afine Investments Income Statement

Financials in millions ZAR. Fiscal year is March - February.

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '24 Aug 31, 2024	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Rental Revenue	44.25	44.77	43.29	29.69	-
Other Revenue	0.57	-	-	3.64	-47.42
Total Revenue	44.82	44.77	43.29	33.33	-47.42
Revenue Growth (YoY	1.60%	3.42%	29.90%	-	-
Property Expenses	3.62	3.62	2.93	2.02	-
Selling, General & Administrative	1.74	1.74	1.83	2.46	-
Depreciation & Amortization	0.03	0.03	0.05	-	-
Other Operating Expenses	-1.29	0.39	0.47	0.56	-
Total Operating Expenses	4.11	5.79	3.15	5.04	-
Operating Income	40.71	38.98	40.15	28.28	-47.42
Interest Expense	-12.66	-12.11	-10.01	-5.06	-
Interest & Investment Income	0.02	0.1	0.19	0.28	-
Currency Exchange Gain (Loss)	-	-	-	0.09	-
Other Non-Operating Income	-	-	-	-0	-
EBT Excluding Unusual Items	28.07	26.98	30.32	23.59	-47.42
Gain (Loss) on Sale of Investments	-	-	-	30.48	-
Asset Writedown	41.7	41.71	-6.5	130.41	-
Other Unusual Items	-	-	1.06	25.15	33.07
Pretax Income	69.77	68.69	24.88	209.63	-14.35
Income Tax Expense	-	-	0.05	-29.77	-
Net Income	69.77	68.69	24.83	239.4	-14.35
Net Income to Common	69.77	68.69	24.83	239.4	-14.35
Net Income Growth	222.82%	176.62%	-89.63%	-	-
Basic Shares Outstanding	73	73	73	51	64
Diluted Shares Outstanding	73	73	73	51	64
Shares Change (YoY)	-3.96%	-	42.12%	-20.25%	-
EPS (Basic)	0.96	0.95	0.34	4.69	-0.22
EPS (Diluted)	0.96	0.95	0.34	4.69	-0.22
EPS Growth	236.18%	176.66%	-92.70%	-	-
Dividend Per Share	0.410	0.410	0.399	0.528	-
Dividend Growth	-0.24%	2.76%	-24.43%	-	-
Operating Margin	90.83%	87.06%	92.73%	84.86%	-
Profit Margin	155.67%	153.42%	57.36%	718.30%	-
Free Cash Flow Margin	94.09%	88.16%	85.65%	103.10%	-
EBITDA	40.74	39.02	40.2	-	-
EBITDA Margin	90.89%	87.14%	92.85%	-	-
D&A For Ebitda	0.03	0.03	0.05	-	-
EBIT	40.71	38.98	40.15	28.28	-47.42
EBIT Margin	90.83%	87.06%	92.73%	84.86%	-
Effective Tax Rate	-	-	0.20%	-	-

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