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	2016 - 2019
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	2016 - 2019
Rental Revenue	8,900	7,562	5,439	3,808	2,507	1,496	Upgrade
Other Revenue	1,853	1,535	1,251	1,043	621.01	389.38	Upgrade
Total Revenue	12,652	10,259	7,140	5,073	3,316	2,036	Upgrade
Revenue Growth (YoY	36.65%	43.68%	40.76%	52.96%	62.90%	21.77%	Upgrade
Property Expenses	3,124	2,660	1,978	1,360	815.87	444.07	Upgrade
Selling, General & Administrative	111.39	91.33	126.35	79.49	103.4	49.47	Upgrade
Total Operating Expenses	3,235	2,751	2,105	1,439	919.26	493.54	Upgrade
Operating Income	9,417	7,508	5,035	3,634	2,397	1,542	Upgrade
Interest Expense	-300.03	-319.33	-236.97	-231.24	-170	-65.42	Upgrade
Interest & Investment Income	185.92	174.49	133.83	34.33	56.97	78.67	Upgrade
Other Non-Operating Income	0.22	0.22	0	-	-15.36	3.66	Upgrade
EBT Excluding Unusual Items	9,303	7,364	4,932	3,437	2,269	1,559	Upgrade
Asset Writedown	-73.7	-43.37	99.25	-548.95	164.5	1,425	Upgrade
Pretax Income	9,229	7,320	5,032	2,888	2,433	2,984	Upgrade
Income Tax Expense	1.98	3.11	1.07	0.12	0.05	-3,281	Upgrade
Net Income	9,227	7,317	5,031	2,888	2,433	6,265	Upgrade
Net Income to Common	9,227	7,317	5,031	2,888	2,433	6,265	Upgrade
Net Income Growth	40.25%	45.45%	74.21%	18.67%	-61.16%	69.12%	Upgrade
Basic Shares Outstanding	3,168	2,789	1,932	1,510	1,479	996	Upgrade
Diluted Shares Outstanding	3,168	2,789	1,932	1,510	1,479	996	Upgrade
Shares Change (YoY)	9.93%	44.33%	27.96%	2.09%	48.51%	1.88%	Upgrade
EPS (Basic)	2.91	2.62	2.60	1.91	1.64	6.29	Upgrade
EPS (Diluted)	2.91	2.62	2.60	1.91	1.64	6.29	Upgrade
EPS Growth	27.58%	0.78%	36.15%	16.24%	-73.85%	66.00%	Upgrade
Dividend Per Share	2.370	2.280	2.150	1.980	1.770	1.320	Upgrade
Dividend Growth	5.33%	6.05%	8.59%	11.86%	34.09%	-	Upgrade
Operating Margin	74.43%	73.19%	70.52%	71.63%	72.28%	75.76%	Upgrade
Profit Margin	72.93%	71.32%	70.45%	56.92%	73.37%	307.71%	Upgrade
EBITDA	9,417	7,508	5,036	3,634	2,397	1,542	Upgrade
EBITDA Margin	74.43%	73.19%	70.53%	71.63%	72.28%	75.76%	Upgrade
D&A For Ebitda	0.34	0.29	0.22	0.09	0.04	0.01	Upgrade
EBIT	9,417	7,508	5,035	3,634	2,397	1,542	Upgrade
EBIT Margin	74.43%	73.19%	70.52%	71.63%	72.28%	75.76%	Upgrade
Effective Tax Rate	0.02%	0.04%	0.02%	0.00%	0.00%	-	Upgrade
Revenue as Reported	12,652	10,259	7,140	5,073	3,316	2,036	Upgrade

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