Equites Property Fund Limited (JSE:EQU)

Equites Property Fund Income Statement

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

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Rental Revenue	2,402	2,732	2,463	2,161	1,688
Other Revenue	751.48	1,525	21.54	1,052	0.58
Total Revenue	3,154	4,257	2,484	3,213	1,688
Revenue Growth (YoY	-25.91%	71.35%	-22.68%	90.31%	42.41%
Property Expenses	1,358	2,201	531.5	1,212	240.42
Selling, General & Administrative	126.7	182.91	153.33	236.05	78.04
Other Operating Expenses	130.19	-17.62	-18.74	5.24	-6.06
Total Operating Expenses	1,615	2,366	666.09	1,453	312.4
Operating Income	1,539	1,891	1,818	1,759	1,376
Interest Expense	-792.69	-722.13	-537.04	-229.05	-19.7
Interest & Investment Income	-	315.71	203.72	56.45	14.02
Currency Exchange Gain (Loss)	-	35.09	-316.82	-279.41	164.97
Other Non-Operating Income	369.02	-128.5	-85.94	176.92	51.7
EBT Excluding Unusual Items	1,115	1,391	1,082	1,484	1,587
Gain (Loss) on Sale of Assets	-	-16.63	-149.83	-8.23	-15.94
Total Insurance Settlements	-	0.36	-	0.43	0.12
Asset Writedown	930.74	109.46	550.9	-1,607	1,168
Other Unusual Items	-	-	-0.01	-	-
Pretax Income	2,046	1,484	1,483	-130.69	2,739
Income Tax Expense	18.67	66.48	-39.56	-25.91	382.81
Earnings From Continuing Operations	2,027	1,418	1,523	-104.78	2,356
Earnings From Discontinued Operations	132.46	-	-	-	-
Net Income to Company	2,160	1,418	1,523	-104.78	2,356
Minority Interest in Earnings	-528.22	-474.24	-370.87	-534.02	-323.76
Net Income	1,631	943.55	1,152	-638.79	2,033
Net Income to Common	1,631	943.55	1,152	-638.79	2,033
Net Income Growth	72.91%	-18.08%	-	-	398.81%
Basic Shares Outstanding	771	809	781	775	688
Diluted Shares Outstanding	777	819	790	775	694
Shares Change (YoY)	-5.20%	3.74%	1.86%	11.79%	11.25%
EPS (Basic)	2.12	1.17	1.47	-0.82	2.95
EPS (Diluted)	2.10	1.15	1.46	-0.82	2.93
EPS Growth	82.34%	-20.99%	-	-	348.17%
Dividend Per Share	-	1.339	1.311	1.696	1.630
Dividend Growth	-	2.14%	-22.69%	4.06%	5.16%
Operating Margin	48.80%	44.42%	73.19%	54.77%	81.49%
Profit Margin	51.73%	22.17%	46.36%	-19.88%	120.41%
EBITDA	1,555	1,895	1,824	1,761	1,378
EBITDA Margin	49.33%	44.52%	73.42%	54.83%	81.63%
D&A For Ebitda	16.7	4.08	5.9	1.94	2.26
EBIT	1,539	1,891	1,818	1,759	1,376
EBIT Margin	48.80%	44.42%	73.19%	54.77%	81.49%
Effective Tax Rate	0.91%	4.48%	-	-	13.98%
Revenue as Reported	3,154	4,257	2,484	3,213	1,688

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