Property For Industry Income Statement

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

Millions NZD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	139.81	127.46	114.16	114.79	110.91	108.65
Total Revenue	139.81	127.46	114.16	114.79	110.91	108.65
Revenue Growth (YoY	21.80%	11.64%	-0.54%	3.50%	2.08%	11.56%
Property Expenses	22.81	21.9	19.79	22.7	17.6	16.75
Selling, General & Administrative	11.5	11.16	12.19	10.34	8.51	7.47
Total Operating Expenses	34.3	33.06	31.99	33.03	26.11	24.22
Operating Income	105.51	94.39	82.18	81.76	84.8	84.44
Interest Expense	-34.36	-46.97	-22	-39.31	-6.1	-7.84
Interest & Investment Income	0.06	0.11	0.12	0.11	0.01	0
EBT Excluding Unusual Items	71.21	47.53	60.3	42.56	78.71	76.6
Impairment of Goodwill	-	-	-	-	-29.09	-
Gain (Loss) on Sale of Assets	-0.12	-0.05	-1.05	-1.86	0.58	2.64
Total Insurance Settlements	0.1	0.05	0.03	1.37	-	1.07
Asset Writedown	71.23	70.74	-8.33	-140.83	-56.74	392.52
Pretax Income	142.42	118.27	50.95	-98.76	-6.53	472.83
Income Tax Expense	18.22	12.25	8.59	-0.96	7.41	20.02
Net Income	124.2	106.02	42.36	-97.79	-13.94	452.81
Net Income to Common	124.2	106.02	42.36	-97.79	-13.94	452.81
Net Income Growth	-	150.28%	-	-	-	299.12%
Basic Shares Outstanding	502	502	502	502	505	503
Diluted Shares Outstanding	502	502	502	502	505	503
Shares Change (YoY)	0.06%	0.00%	0.05%	-0.52%	0.27%	0.73%
EPS (Basic)	0.25	0.21	0.08	-0.19	-0.03	0.90
EPS (Diluted)	0.25	0.21	0.08	-0.19	-0.03	0.90
EPS Growth	-	150.13%	-	-	-	296.30%
Dividend Per Share	0.090	0.086	0.083	0.083	0.081	0.079
Dividend Growth	8.43%	3.61%	-	2.47%	2.53%	2.60%
Operating Margin	75.47%	74.06%	71.98%	71.22%	76.46%	77.71%
Profit Margin	88.84%	83.18%	37.11%	-85.19%	-12.57%	416.75%
EBITDA	105.73	94.61	82.39	82.01	84.88	84.52
EBITDA Margin	75.62%	74.23%	72.17%	71.44%	76.53%	77.79%
D&A For Ebitda	0.22	0.22	0.21	0.25	0.08	0.08
EBIT	105.51	94.39	82.18	81.76	84.8	84.44
EBIT Margin	75.47%	74.06%	71.98%	71.22%	76.46%	77.71%
Funds From Operations (FFO)	61.55	53.68	101.81	-	51.55	55.72
Adjusted Funds From Operations (AFFO)	-	48.18	-	44.8	44.58	46.75
FFO Payout Ratio	71.82%	77.66%	43.41%	-	77.37%	48.58%
Effective Tax Rate	12.79%	10.35%	16.86%	-	-	4.23%
Revenue as Reported	-	-	-	-	-	517.15

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.