MREIT Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Jun '21 Jun 30, 2021	Dec '20 Dec 31, 2020
Rental Revenue	3,240	3,223	2,918	2,395	390.09	-
Total Revenue	3,240	3,223	2,918	2,395	390.09	-
Revenue Growth (YoY	5.74%	10.47%	21.83%	513.96%	-	-
Property Expenses	1,001	940.57	676.21	445.98	40.94	-
Selling, General & Administrative	26.83	26.83	15.31	12.12	3.1	0.31
Depreciation & Amortization	0.03	0.03	0.03	-	-	-
Other Operating Expenses	-933.13	-897.78	-708.91	-519.29	-29.88	40.81
Total Operating Expenses	94.37	69.64	-17.37	-61.19	14.16	41.12
Operating Income	3,145	3,154	2,935	2,456	375.93	-41.12
Interest Expense	-303.45	-306.98	-309.09	-47.67	-4.81	-
Interest & Investment Income	73.59	64.69	23.04	16.75	1.27	-
Other Non-Operating Income	4.46	1.69	0.69	-	-	-
EBT Excluding Unusual Items	2,920	2,913	2,650	2,425	372.4	-41.12
Asset Writedown	-2,732	-2,732	-2,822	1,404	481.18	-
Pretax Income	187.89	180.93	-172.2	3,829	853.58	-41.12
Income Tax Expense	14.33	12.59	4.35	-199.16	202.57	-
Net Income	173.56	168.34	-176.55	4,028	651.01	-41.12
Net Income to Common	173.56	168.34	-176.55	4,028	651.01	-41.12
Net Income Growth	-	-	-	518.79%	-	-
Basic Shares Outstanding	2,796	2,730	2,532	2,532	2,532	10
Diluted Shares Outstanding	2,796	2,730	2,532	2,532	2,532	10
Shares Change (YoY)	7.48%	7.81%	-	-	25221.21%	-
EPS (Basic)	0.06	0.06	-0.07	1.59	0.26	-4.11
EPS (Diluted)	0.06	0.06	-0.07	1.59	0.26	-4.11
EPS Growth	-	-	-	518.80%	-	-
Dividend Per Share	0.985	0.987	0.977	-	-	-
Dividend Growth	0.31%	1.04%	-	-	-	-
Operating Margin	97.09%	97.84%	100.60%	102.56%	96.37%	-
Profit Margin	5.36%	5.22%	-6.05%	168.20%	166.89%	-
Free Cash Flow Margin	91.08%	100.91%	95.30%	129.68%	554.61%	-
EBITDA	3,146	3,154	2,935	-	-	-
EBITDA Margin	97.09%	97.84%	100.60%	-	-	-
D&A For Ebitda	0.03	0.03	0.03	-	-	-
EBIT	3,145	3,154	2,935	2,456	375.93	-41.12
EBIT Margin	97.09%	97.84%	100.60%	102.56%	96.37%	-
Effective Tax Rate	7.63%	6.96%	-	-	23.73%	-
Revenue as Reported	4,194	4,157	3,649	2,921	454.39	-

Source: S&P Capital IQ. Real Estate template. Financial Sources.