AREIT Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	8,900	7,562	5,439	3,808	2,507	1,496
Other Revenue	1,853	1,535	1,251	1,043	621.01	389.38
Total Revenue	12,652	10,259	7,140	5,073	3,316	2,036
Revenue Growth (YoY	36.65%	43.68%	40.76%	52.96%	62.90%	21.77%
Property Expenses	3,124	2,660	1,978	1,360	815.87	444.07
Selling, General & Administrative	111.39	91.33	126.35	79.49	103.4	49.47
Total Operating Expenses	3,235	2,751	2,105	1,439	919.26	493.54
Operating Income	9,417	7,508	5,035	3,634	2,397	1,542
Interest Expense	-300.03	-319.33	-236.97	-231.24	-170	-65.42
Interest & Investment Income	185.92	174.49	133.83	34.33	56.97	78.67
Other Non-Operating Income	0.22	0.22	0	-	-15.36	3.66
EBT Excluding Unusual Items	9,303	7,364	4,932	3,437	2,269	1,559
Asset Writedown	-73.7	-43.37	99.25	-548.95	164.5	1,425
Pretax Income	9,229	7,320	5,032	2,888	2,433	2,984
Income Tax Expense	1.98	3.11	1.07	0.12	0.05	-3,281
Net Income	9,227	7,317	5,031	2,888	2,433	6,265
Net Income to Common	9,227	7,317	5,031	2,888	2,433	6,265
Net Income Growth	40.25%	45.45%	74.21%	18.67%	-61.16%	69.12%
Basic Shares Outstanding	3,168	2,789	1,932	1,510	1,479	996
Diluted Shares Outstanding	3,168	2,789	1,932	1,510	1,479	996
Shares Change (YoY)	9.93%	44.33%	27.96%	2.09%	48.51%	1.88%
EPS (Basic)	2.91	2.62	2.60	1.91	1.64	6.29
EPS (Diluted)	2.91	2.62	2.60	1.91	1.64	6.29
EPS Growth	27.58%	0.78%	36.15%	16.24%	-73.85%	66.00%
Dividend Per Share	2.370	2.280	2.150	1.980	1.770	1.320
Dividend Growth	5.33%	6.05%	8.59%	11.86%	34.09%	-
Operating Margin	74.43%	73.19%	70.52%	71.63%	72.28%	75.76%
Profit Margin	72.93%	71.32%	70.45%	56.92%	73.37%	307.71%
EBITDA	9,417	7,508	5,036	3,634	2,397	1,542
EBITDA Margin	74.43%	73.19%	70.53%	71.63%	72.28%	75.76%
D&A For Ebitda	0.34	0.29	0.22	0.09	0.04	0.01
EBIT	9,417	7,508	5,035	3,634	2,397	1,542
EBIT Margin	74.43%	73.19%	70.52%	71.63%	72.28%	75.76%
Effective Tax Rate	0.02%	0.04%	0.02%	0.00%	0.00%	-
Revenue as Reported	12,652	10,259	7,140	5,073	3,316	2,036

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