AREIT, Inc. (PSE:AREIT)

AREIT Income Statement

Financials in millions PHP. 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	7,562	5,439	3,808	2,507	1,496
Other Revenue	1,535	1,251	1,043	621.01	389.38
Total Revenue	10,259	7,140	5,073	3,316	2,036
Revenue Growth (YoY	43.68%	40.76%	52.96%	62.90%	21.77%
Property Expenses	2,660	1,978	1,360	815.87	444.07
Selling, General & Administrative	91.33	126.35	79.49	103.4	49.47
Total Operating Expenses	2,751	2,105	1,439	919.26	493.54
Operating Income	7,508	5,035	3,634	2,397	1,542
Interest Expense	-319.33	-236.97	-231.24	-170	-65.42
Interest & Investment Income	174.49	133.83	34.33	56.97	78.67
Other Non-Operating Income	0.22	0	-	-15.36	3.66
EBT Excluding Unusual Items	7,364	4,932	3,437	2,269	1,559
Asset Writedown	-43.37	99.25	-548.95	164.5	1,425
Pretax Income	7,320	5,032	2,888	2,433	2,984
Income Tax Expense	3.11	1.07	0.12	0.05	-3,281
Net Income	7,317	5,031	2,888	2,433	6,265
Net Income to Common	7,317	5,031	2,888	2,433	6,265
Net Income Growth	45.45%	74.21%	18.67%	-61.16%	69.12%
Basic Shares Outstanding	2,789	1,932	1,510	1,479	996
Diluted Shares Outstanding	2,789	1,932	1,510	1,479	996
Shares Change (YoY)	44.33%	27.96%	2.09%	48.51%	1.88%
EPS (Basic)	2.62	2.60	1.91	1.64	6.29
EPS (Diluted)	2.62	2.60	1.91	1.64	6.29
EPS Growth	0.78%	36.15%	16.24%	-73.85%	66.00%
Dividend Per Share	2.280	2.150	1.980	1.770	1.320
Dividend Growth	6.05%	8.59%	11.86%	34.09%	-
Operating Margin	73.19%	70.52%	71.63%	72.28%	75.76%
Profit Margin	71.32%	70.45%	56.92%	73.37%	307.71%
EBITDA	7,508	5,036	3,634	2,397	1,542
EBITDA Margin	73.19%	70.53%	71.63%	72.28%	75.76%
D&A For Ebitda	0.29	0.22	0.09	0.04	0.01
EBIT	7,508	5,035	3,634	2,397	1,542
EBIT Margin	73.19%	70.52%	71.63%	72.28%	75.76%
Effective Tax Rate	0.04%	0.02%	0.00%	0.00%	-
Revenue as Reported	10,259	7,140	5,073	3,316	2,036

Updated Nov 15, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.