Vastned Retail Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	68.18	72.14	66.38	62.22	64.92
Other Revenue	0.68	0.71	0.41	0.49	0.51
Total Revenue	68.86	72.85	66.79	62.71	65.42
Revenue Growth (YoY	-5.49%	9.08%	6.51%	-4.15%	-5.95%
Property Expenses	6.67	6.58	5.61	4.66	7.13
Selling, General & Administrative	8.41	7.34	6.89	6.71	8.22
Other Operating Expenses	1.61	1.47	1.49	1.43	1.28
Total Operating Expenses	16.69	15.39	13.98	12.79	16.62
Operating Income	52.17	57.47	52.8	49.92	48.8
Interest Expense	-22.74	-24.51	4.3	-11.91	-15.22
Interest & Investment Income	0.02	0.01	0.01	0.04	0.01
Other Non-Operating Income	-	-	-	3.58	-
EBT Excluding Unusual Items	29.44	32.97	57.12	41.63	33.6
Gain (Loss) on Sale of Assets	0.24	0.31	0.64	0.23	1.5
Asset Writedown	-15.66	-47.49	-19.46	-26.53	-84.39
Other Unusual Items	-	-	-0.72	-	0.8
Pretax Income	6.12	-14.21	37.58	15.33	-48.5
Income Tax Expense	13.12	1	1.23	-0.5	-4.21
Earnings From Continuing Operations	-7	-15.21	36.35	15.83	-44.29
Net Income to Company	-7	-15.21	36.35	15.83	-44.29
Minority Interest in Earnings	-3.52	-4.05	-5	-1.42	2.95
Net Income	-10.52	-19.26	31.35	14.41	-41.34
Net Income to Common	-10.52	-19.26	31.35	14.41	-41.34
Net Income Growth	-	-	117.60%	-	-
Basic Shares Outstanding	17	17	17	17	17
Diluted Shares Outstanding	17	17	17	17	17
Shares Change (YoY)	-	-	-	-	-4.62%
EPS (Basic)	-0.61	-1.12	1.83	0.84	-2.41
EPS (Diluted)	-0.61	-1.12	1.83	0.84	-2.41
EPS Growth	-	-	117.60%	-	-
Dividend Per Share	1.700	1.850	1.850	1.730	1.730
Dividend Growth	-8.11%	-	6.94%	-	20.98%
Operating Margin	75.76%	78.88%	79.06%	79.60%	74.59%
Profit Margin	-15.28%	-26.44%	46.93%	22.97%	-63.19%
EBIT	52.17	57.47	52.8	49.92	48.8
EBIT Margin	75.76%	78.88%	79.06%	79.60%	74.59%
Effective Tax Rate	214.36%	-	3.27%	-	-

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.