Altarea SCA Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	246.2	243.5	231.8	210.2	186.7
Other Revenue	1,772	2,478	2,350	2,820	2,815
Total Revenue	2,019	2,721	2,582	3,030	3,002
Revenue Growth (YoY	-25.82%	5.41%	-14.80%	0.93%	-2.28%
Property Expenses	1,504	2,119	2,116	2,191	2,261
Selling, General & Administrative	60.6	70.9	91.8	182.5	170.5
Depreciation & Amortization	36.5	34.4	31.9	29	29.7
Other Operating Expenses	246.9	272.3	561.4	259.9	251.5
Total Operating Expenses	1,849	2,499	2,807	2,664	2,712
Operating Income	169.8	221.8	-225.1	366.3	289.6
Interest Expense	-	-101.8	-76.5	-54.3	-61
Interest & Investment Income	-	62	32.1	10.6	6.5
Income (Loss) on Equity Investments	-4.7	-	-	-	-
Other Non-Operating Income	-92.3	-91.4	-101.4	102.1	-37.9
EBT Excluding Unusual Items	72.8	90.6	-370.9	424.7	197.2
Impairment of Goodwill	-	-	-0.6	-	-
Gain (Loss) on Sale of Investments	-	-5.9	-2.8	38.5	46.2
Gain (Loss) on Sale of Assets	-	-	-3.7	2.3	-1.3
Asset Writedown	-13	-9.5	-245	27.3	33.9
Pretax Income	59.8	75.2	-623	492.8	276
Income Tax Expense	-11.7	-10.9	-114.4	68.3	13.9
Earnings From Continuing Operations	71.5	86.1	-508.6	424.5	262.1
Net Income to Company	71.5	86.1	-508.6	424.5	262.1
Minority Interest in Earnings	-63.1	-80	35.7	-97.7	-50.5
Net Income	8.4	6.1	-472.9	326.8	211.6
Net Income to Common	8.4	6.1	-472.9	326.8	211.6
Net Income Growth	37.70%	-	-	54.44%	-
Basic Shares Outstanding	23	21	20	20	18
Diluted Shares Outstanding	23	22	20	21	18
Shares Change (YoY)	5.83%	6.35%	-0.77%	12.08%	6.44%
EPS (Basic)	0.37	0.29	-23.08	16.21	11.74
EPS (Diluted)	0.37	0.28	-23.08	15.83	11.49
EPS Growth	32.14%	-	-	37.77%	-
Dividend Per Share	-	8.000	8.000	10.000	9.750
Dividend Growth	-	-	-20.00%	2.56%	2.63%
Operating Margin	8.41%	8.15%	-8.72%	12.09%	9.65%
Profit Margin	0.42%	0.22%	-18.32%	10.79%	7.05%
EBITDA	203.6	249.9	-98.7	397.7	337.2
EBITDA Margin	10.09%	9.18%	-3.82%	13.13%	11.23%
D&A For Ebitda	33.8	28.1	126.4	31.4	47.6
EBIT	169.8	221.8	-225.1	366.3	289.6
EBIT Margin	8.41%	8.15%	-8.72%	12.09%	9.65%
Funds From Operations (FFO)	-	127.2	101.2	275.4	264.4
FFO Per Share	-	5.84	4.81	13.34	14.35
Adjusted Funds From Operations (AFFO)	-	127.2	101.2	275.4	264.4
AFFO Per Share	-	5.84	4.81	13.34	14.35
FFO Payout Ratio	-	132.78%	203.56%	72.55%	34.42%
Effective Tax Rate	-	-	-	13.86%	5.04%

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