Vukile Property Fund Limited (JSE:VKE)

Vukile Property Fund Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Rental Revenue	4,531	3,983	3,652	3,475	3,050
Other Revenue	177	7	10	23	17
Total Revenue	4,708	3,990	3,662	3,498	3,067
Revenue Growth (YoY	18.00%	8.96%	4.69%	14.05%	-15.46%
Property Expenses	1,493	1,359	1,269	1,238	1,203
Selling, General & Administrative	478	409	330	296	286
Total Operating Expenses	1,966	1,771	1,603	1,558	1,540
Operating Income	2,742	2,219	2,059	1,940	1,527
Interest Expense	-1,288	-1,103	-845	-760	-543
Interest & Investment Income	692	121	351	285	132
Currency Exchange Gain (Loss)	-	-	-	-	9
Other Non-Operating Income	-18	197	-110	-46	300
EBT Excluding Unusual Items	2,128	1,434	1,455	1,419	1,425
Gain (Loss) on Sale of Investments	-6	6	-20	-36	-40
Asset Writedown	1,193	204	638	643	-927
Pretax Income	3,315	1,644	2,073	2,026	458
Income Tax Expense	83	34	35	34	40
Earnings From Continuing Operations	3,232	1,610	2,038	1,992	418
Minority Interest in Earnings	-23	-23	-106	-83	166
Net Income	3,209	1,587	1,932	1,909	584
Net Income to Common	3,209	1,587	1,932	1,909	584
Net Income Growth	102.20%	-17.86%	1.21%	226.88%	-
Basic Shares Outstanding	1,185	1,042	980	959	956
Diluted Shares Outstanding	1,185	1,042	980	959	956
Shares Change (YoY)	13.72%	6.34%	2.26%	0.25%	0.10%
EPS (Basic)	2.71	1.52	1.97	1.99	0.61
EPS (Diluted)	2.71	1.52	1.97	1.99	0.61
EPS Growth	77.81%	-22.75%	-1.03%	226.08%	-
Dividend Per Share	1.317	1.242	1.124	1.058	1.010
Dividend Growth	6.01%	10.51%	6.22%	4.76%	-21.67%
Operating Margin	58.24%	55.61%	56.23%	55.46%	49.79%
Profit Margin	68.16%	39.77%	52.76%	54.57%	19.04%
EBITDA	2,745	2,227	2,062	1,944	1,529
EBITDA Margin	58.30%	55.82%	56.31%	55.57%	49.85%
D&A For Ebitda	3	8	3	4	2
EBIT	2,742	2,219	2,059	1,940	1,527
EBIT Margin	58.24%	55.61%	56.23%	55.46%	49.79%
Funds From Operations (FFO)	774	596	653	1,336	1,005
Adjusted Funds From Operations (AFFO)	774	596	653	1,336	1,005
FFO Payout Ratio	190.96%	203.69%	169.22%	101.27%	45.87%
Effective Tax Rate	2.50%	2.07%	1.69%	1.68%	8.73%
Revenue as Reported	4,531	3,983	1,922	3,475	3,050

Updated Nov 26, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.