Property For Industry Income Statement

Financials in millions NZD. Fiscal year is July - June.

Millions NZD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	127.46	114.16	114.79	110.91	108.65
Total Revenue	127.46	114.16	114.79	110.91	108.65
Revenue Growth (YoY	11.64%	-0.54%	3.50%	2.08%	11.56%
Property Expenses	21.9	19.79	22.7	17.6	16.75
Selling, General & Administrative	11.16	12.19	10.34	8.51	7.47
Total Operating Expenses	33.06	31.99	33.03	26.11	24.22
Operating Income	94.39	82.18	81.76	84.8	84.44
Interest Expense	-46.97	-22	-39.31	-6.1	-7.84
Interest & Investment Income	0.11	0.12	0.11	0.01	0
EBT Excluding Unusual Items	47.53	60.3	42.56	78.71	76.6
Impairment of Goodwill	-	-	-	-29.09	-
Gain (Loss) on Sale of Assets	-0.05	-1.05	-1.86	0.58	2.64
Total Insurance Settlements	0.05	0.03	1.37	-	1.07
Asset Writedown	70.74	-8.33	-140.83	-56.74	392.52
Pretax Income	118.27	50.95	-98.76	-6.53	472.83
Income Tax Expense	12.25	8.59	-0.96	7.41	20.02
Net Income	106.02	42.36	-97.79	-13.94	452.81
Net Income to Common	106.02	42.36	-97.79	-13.94	452.81
Net Income Growth	150.28%	-	-	-	299.12%
Basic Shares Outstanding	502	502	502	505	503
Diluted Shares Outstanding	502	502	502	505	503
Shares Change (YoY)	0.00%	0.05%	-0.52%	0.27%	0.73%
EPS (Basic)	0.21	0.08	-0.19	-0.03	0.90
EPS (Diluted)	0.21	0.08	-0.19	-0.03	0.90
EPS Growth	150.13%	-	-	-	296.30%
Dividend Per Share	0.086	0.083	0.083	0.081	0.079
Dividend Growth	3.61%	-	2.47%	2.53%	2.60%
Operating Margin	74.06%	71.98%	71.22%	76.46%	77.71%
Profit Margin	83.18%	37.11%	-85.19%	-12.57%	416.75%
EBITDA	94.61	82.39	82.01	84.88	84.52
EBITDA Margin	74.23%	72.17%	71.44%	76.53%	77.79%
D&A For Ebitda	0.22	0.21	0.25	0.08	0.08
EBIT	94.39	82.18	81.76	84.8	84.44
EBIT Margin	74.06%	71.98%	71.22%	76.46%	77.71%
Funds From Operations (FFO)	53.68	101.81	-	51.55	55.72
Adjusted Funds From Operations (AFFO)	48.18	-	44.8	44.58	46.75
FFO Payout Ratio	77.66%	43.41%	-	77.37%	48.58%
Effective Tax Rate	10.35%	16.86%	-	-	4.23%
Revenue as Reported	-	-	-	-	517.15

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