SFS Real Estate Investment Trust Fund (NGX: SFSREIT)

NGX:SFSREIT Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	554.91	190.03	178.85	173.96	96.24
Other Revenue	-	-	0	-	-
Total Revenue	554.91	337.76	247.79	232.62	224.44
Revenue Growth (YoY	64.29%	36.31%	6.52%	3.65%	1.40%
Property Expenses	40.44	52.62	39.31	51.63	54.81
Selling, General & Administrative	30.18	16.15	14.75	13.33	9.86
Other Operating Expenses	-	2	-0	-0	-0
Total Operating Expenses	70.62	70.76	54.06	64.95	64.67
Operating Income	484.29	267	193.72	167.67	159.77
Other Non-Operating Income	-3.98	-7.16	-7.1	-7.15	-4.52
EBT Excluding Unusual Items	480.31	259.84	186.62	160.52	155.26
Gain (Loss) on Sale of Assets	-	57.66	-	-	19.88
Pretax Income	480.31	317.5	186.62	160.52	175.14
Net Income	480.31	317.5	186.62	160.52	175.14
Net Income to Common	480.31	317.5	186.62	160.52	175.14
Net Income Growth	51.28%	70.13%	16.26%	-8.35%	8.03%
Basic Shares Outstanding	20	20	20	20	20
Diluted Shares Outstanding	20	20	20	20	20
Shares Change (YoY)	0.01%	-0.04%	-0.06%	0.11%	0.02%
EPS (Basic)	24.02	15.88	9.33	8.02	8.76
EPS (Diluted)	24.02	15.88	9.33	8.02	8.76
EPS Growth	51.26%	70.20%	16.33%	-8.45%	8.01%
Dividend Per Share	-	14.500	8.450	7.250	8.100
Dividend Growth	-	71.60%	16.55%	-10.49%	10.96%
Operating Margin	87.27%	79.05%	78.18%	72.08%	71.19%
Profit Margin	86.56%	94.00%	75.32%	69.00%	78.03%
Free Cash Flow Margin	34.05%	131.40%	78.86%	67.36%	85.39%
EBIT	484.29	267	193.72	167.67	159.77
EBIT Margin	87.27%	79.05%	78.18%	72.08%	71.19%
Revenue as Reported	-	395.42	247.79	232.62	244.32

Source: S&P Capital IQ. Real Estate template. Financial Sources.