Growthpoint Properties Income Statement

Financials in millions ZAR. Fiscal year is July - June.

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Rental Revenue	13,322	12,591	13,633	13,048	13,126
Other Revenue	246	306	107	-	-
Total Revenue	13,568	12,897	13,740	13,048	13,126
Revenue Growth (YoY	5.20%	-6.13%	5.30%	-0.59%	6.19%
Property Expenses	3,886	3,753	3,905	3,502	3,445
Selling, General & Administrative	981	924	931	832	613
Total Operating Expenses	4,895	4,679	4,857	4,325	4,107
Operating Income	8,673	8,218	8,883	8,723	9,019
Interest Expense	-4,090	-4,163	-3,782	-3,190	-3,327
Interest & Investment Income	221	230	278	164	135
Income (Loss) on Equity Investments	1,615	1,209	1,048	409	-411
Currency Exchange Gain (Loss)	318	-233	498	39	-396
Other Non-Operating Income	-453	-1,449	-619	4,467	573
EBT Excluding Unusual Items	6,284	3,812	6,306	10,612	5,593
Merger & Restructuring Charges	-67	-12	-58	-76	-28
Impairment of Goodwill	-	-326	-111	-	-
Gain (Loss) on Sale of Investments	-292	-347	-8	-284	198
Gain (Loss) on Sale of Assets	-	-	15	150	-24
Asset Writedown	-930	-3,825	-4,077	2,021	-4,423
Pretax Income	4,995	-698	2,067	12,423	1,316
Income Tax Expense	-490	-946	240	1,293	850
Earnings From Continuing Operations	5,485	248	1,827	11,130	466
Earnings From Discontinued Operations	-48	-371	-	-	-
Net Income to Company	5,437	-123	1,827	11,130	466
Minority Interest in Earnings	21	1,392	529	-3,193	-963
Net Income	5,458	1,269	2,356	7,937	-497
Net Income to Common	5,458	1,269	2,356	7,937	-497
Net Income Growth	330.10%	-46.14%	-70.32%	-	-
Basic Shares Outstanding	3,388	3,385	3,403	3,406	3,246
Diluted Shares Outstanding	3,416	3,409	3,421	3,419	3,246
Shares Change (YoY)	0.18%	-0.34%	0.05%	5.33%	8.73%
EPS (Basic)	1.61	0.37	0.69	2.33	-0.15
EPS (Diluted)	1.60	0.37	0.69	2.32	-0.15
EPS Growth	329.31%	-45.96%	-70.33%	-	-
Dividend Per Share	1.243	1.171	1.301	1.284	1.185
Dividend Growth	6.15%	-9.99%	1.32%	8.35%	-18.84%
Operating Margin	63.92%	63.72%	64.65%	66.85%	68.71%
Profit Margin	40.23%	9.84%	17.15%	60.83%	-3.79%
EBITDA	8,683	8,232	8,904	8,821	9,118
EBITDA Margin	64.00%	63.83%	64.80%	67.60%	69.47%
D&A For Ebitda	10	14	21	98	99
EBIT	8,673	8,218	8,883	8,723	9,019
EBIT Margin	63.92%	63.72%	64.65%	66.85%	68.71%
Funds From Operations (FFO)	4,462	4,454	5,025	5,298	4,653
Adjusted Funds From Operations (AFFO)	4,462	4,454	5,025	5,298	4,653
FFO Payout Ratio	111.90%	117.36%	109.65%	93.87%	87.92%
Effective Tax Rate	-	-	11.61%	10.41%	64.59%
Revenue as Reported	13,568	12,897	13,740	13,048	13,126

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.