AREIT Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	9,035	8,827	7,562	5,439	3,808	2,507
Other Revenue	2,111	1,994	1,535	1,251	1,043	621.01
Total Revenue	13,584	12,960	10,259	7,140	5,073	3,316
Revenue Growth (YoY	22.73%	26.32%	43.68%	40.76%	52.96%	62.90%
Property Expenses	3,423	3,304	2,660	1,978	1,360	815.87
Selling, General & Administrative	136.18	127.08	91.33	126.35	79.49	103.4
Total Operating Expenses	3,560	3,431	2,751	2,105	1,439	919.26
Operating Income	10,024	9,529	7,508	5,035	3,634	2,397
Interest Expense	-262.69	-274.36	-319.33	-236.97	-231.24	-170
Interest & Investment Income	196.14	177.37	174.49	133.83	34.33	56.97
Other Non-Operating Income	0.07	0.07	0.22	0	-	-15.36
EBT Excluding Unusual Items	9,958	9,432	7,364	4,932	3,437	2,269
Asset Writedown	96.88	108.68	-43.37	99.25	-548.95	164.5
Pretax Income	10,055	9,541	7,320	5,032	2,888	2,433
Income Tax Expense	1.69	1.49	3.11	1.07	0.12	0.05
Net Income	10,053	9,539	7,317	5,031	2,888	2,433
Net Income to Common	10,053	9,539	7,317	5,031	2,888	2,433
Net Income Growth	26.93%	30.37%	45.45%	74.21%	18.67%	-61.16%
Basic Shares Outstanding	3,591	3,463	2,789	1,932	1,510	1,479
Diluted Shares Outstanding	3,591	3,463	2,789	1,932	1,510	1,479
Shares Change (YoY)	19.82%	24.15%	44.33%	27.96%	2.09%	48.51%
EPS (Basic)	2.80	2.75	2.62	2.60	1.91	1.64
EPS (Diluted)	2.80	2.75	2.62	2.60	1.91	1.64
EPS Growth	5.93%	5.01%	0.78%	36.15%	16.24%	-73.85%
Dividend Per Share	2.410	2.410	2.280	2.150	1.980	1.770
Dividend Growth	40.12%	5.70%	6.05%	8.59%	11.86%	34.09%
Operating Margin	73.80%	73.53%	73.19%	70.52%	71.63%	72.28%
Profit Margin	74.01%	73.61%	71.32%	70.45%	56.92%	73.37%
EBITDA	10,025	9,529	7,508	5,036	3,634	2,397
EBITDA Margin	73.80%	73.53%	73.19%	70.53%	71.63%	72.28%
D&A For Ebitda	0.35	0.33	0.29	0.22	0.09	0.04
EBIT	10,024	9,529	7,508	5,035	3,634	2,397
EBIT Margin	73.80%	73.53%	73.19%	70.52%	71.63%	72.28%
Effective Tax Rate	0.02%	0.02%	0.04%	0.02%	0.00%	0.00%
Revenue as Reported	13,584	12,960	10,259	7,140	5,073	3,316