AREIT Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	12,960	7,562	5,439	3,808	2,507
Other Revenue	-	1,535	1,251	1,043	621.01
Total Revenue	12,960	10,259	7,140	5,073	3,316
Revenue Growth (YoY	26.33%	43.68%	40.76%	52.96%	62.90%
Property Expenses	3,430	2,660	1,978	1,360	815.87
Selling, General & Administrative	-	91.33	126.35	79.49	103.4
Depreciation & Amortization	0.33	-	-	-	-
Total Operating Expenses	3,430	2,751	2,105	1,439	919.26
Operating Income	9,530	7,508	5,035	3,634	2,397
Interest Expense	-97	-319.33	-236.97	-231.24	-170
Interest & Investment Income	-	174.49	133.83	34.33	56.97
Other Non-Operating Income	-1.67	0.22	0	-	-15.36
EBT Excluding Unusual Items	9,431	7,364	4,932	3,437	2,269
Asset Writedown	109	-43.37	99.25	-548.95	164.5
Pretax Income	9,540	7,320	5,032	2,888	2,433
Income Tax Expense	1	3.11	1.07	0.12	0.05
Net Income	9,539	7,317	5,031	2,888	2,433
Net Income to Common	9,539	7,317	5,031	2,888	2,433
Net Income Growth	30.37%	45.45%	74.21%	18.67%	-61.16%
Basic Shares Outstanding	3,716	2,789	1,932	1,510	1,479
Diluted Shares Outstanding	3,716	2,789	1,932	1,510	1,479
Shares Change (YoY)	33.22%	44.33%	27.96%	2.09%	48.51%
EPS (Basic)	2.57	2.62	2.60	1.91	1.64
EPS (Diluted)	2.57	2.62	2.60	1.91	1.64
EPS Growth	-2.14%	0.78%	36.15%	16.24%	-73.85%
Dividend Per Share	2.410	2.280	2.150	1.980	1.770
Dividend Growth	5.70%	6.05%	8.59%	11.86%	34.09%
Operating Margin	73.53%	73.19%	70.52%	71.63%	72.28%
Profit Margin	73.60%	71.32%	70.45%	56.92%	73.37%
EBITDA	9,530	7,508	5,036	3,634	2,397
EBITDA Margin	73.53%	73.19%	70.53%	71.63%	72.28%
D&A For Ebitda	0.34	0.29	0.22	0.09	0.04
EBIT	9,530	7,508	5,035	3,634	2,397
EBIT Margin	73.53%	73.19%	70.52%	71.63%	72.28%
Effective Tax Rate	0.01%	0.04%	0.02%	0.00%	0.00%
Revenue as Reported	-	10,259	7,140	5,073	3,316

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