New Zealand Rural Land Company Limited (NZE: NZL)

NZE: NZL Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2022	FY 2021
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Jun 30, 2022	Jun 30, 2021
Rental Revenue	17.6	15.35	10.4	8.22	0.6
Total Revenue	17.6	15.35	10.4	8.22	0.6
Revenue Growth (YoY	41.59%	47.62%	26.57%	1274.67%	-
Property Expenses	1.55	1.24	1.17	0.71	0.16
Selling, General & Administrative	1.66	1.52	5.05	4.79	2.54
Total Operating Expenses	3.2	2.76	6.23	5.5	2.7
Operating Income	14.39	12.59	4.17	2.71	-2.1
Interest Expense	-8.98	-8.88	-4.14	-2.41	-0.14
Interest & Investment Income	1.93	1.88	1.8	1.66	0.15
Other Non-Operating Income	-5.9	-2.61	1.6	1.81	-0.23
EBT Excluding Unusual Items	1.44	2.98	3.43	3.77	-2.32
Asset Writedown	19.46	7.39	37.6	35.34	19.83
Pretax Income	20.73	10.37	41.03	39.11	17.51
Income Tax Expense	-0.01	-0.48	-0.75	-0.57	-0.63
Net Income	20.75	10.85	41.78	39.68	18.14
Net Income to Common	20.75	10.85	41.78	39.68	18.14
Net Income Growth	-	-74.02%	5.28%	118.77%	-
Basic Shares Outstanding	137	135	106	94	40
Diluted Shares Outstanding	137	135	106	94	40
Shares Change (YoY)	11.96%	26.67%	13.67%	131.95%	-
EPS (Basic)	0.15	0.08	0.39	0.42	0.45
EPS (Diluted)	0.15	0.08	0.39	0.42	0.45
EPS Growth	-	-79.49%	-7.38%	-5.68%	-
Dividend Per Share	-	-	0.040	0.036	-
Dividend Growth	-	-	10.80%	-	-
Operating Margin	81.79%	82.00%	40.11%	33.04%	-351.81%
Profit Margin	117.89%	70.71%	401.78%	483.02%	3035.14%
Free Cash Flow Margin	42.23%	39.02%	36.92%	50.75%	-165.86%
EBIT	14.39	12.59	4.17	2.71	-2.1
EBIT Margin	81.79%	82.00%	40.11%	33.04%	-
Funds From Operations (FFO)	8.17	6.6	6.61	6.22	-0.22
Adjusted Funds From Operations (AFFO)	-	6.06	-	4.29	-
FFO Payout Ratio	-	35.53%	54.51%	28.22%	-
Revenue as Reported	17.6	15.35	10.4	8.22	0.6

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