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	Sep '24 Sep 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	3,211	3,223	2,918	2,395	390.09	-
Total Revenue	3,211	3,223	2,918	2,395	390.09	-
Revenue Growth (YoY	2.03%	10.47%	21.83%	513.96%	-	-
Property Expenses	950.07	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	-924.29	-897.78	-708.91	-519.29	-29.88	40.81
Total Operating Expenses	52.63	69.64	-17.37	-61.19	14.16	41.12
Operating Income	3,158	3,154	2,935	2,456	375.93	-41.12
Interest Expense	-300.72	-306.98	-309.09	-47.67	-4.81	-
Interest & Investment Income	62.35	64.69	23.04	16.75	1.27	-
Other Non-Operating Income	4.37	1.69	0.69	-	-	-
EBT Excluding Unusual Items	2,924	2,913	2,650	2,425	372.4	-41.12
Asset Writedown	-2,732	-2,732	-2,822	1,404	481.18	-
Pretax Income	192.1	180.93	-172.2	3,829	853.58	-41.12
Income Tax Expense	12.03	12.59	4.35	-199.16	202.57	-
Net Income	180.07	168.34	-176.55	4,028	651.01	-41.12
Net Income to Common	180.07	168.34	-176.55	4,028	651.01	-41.12
Net Income Growth	2274.39%	-	-	518.79%	-	-
Basic Shares Outstanding	2,730	2,730	2,532	2,532	2,532	10
Diluted Shares Outstanding	2,730	2,730	2,532	2,532	2,532	10
Shares Change (YoY)	-	7.81%	-	-	25221.21%	-
EPS (Basic)	0.07	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	4317.34%	-	-	518.80%	-	-
Dividend Per Share	0.988	0.987	0.977	-	-	-
Dividend Growth	-42.48%	1.04%	-	-	-	-
Operating Margin	98.36%	97.84%	100.60%	102.56%	96.37%	-
Profit Margin	5.61%	5.22%	-6.05%	168.20%	166.89%	-
Free Cash Flow Margin	72.88%	100.91%	95.30%	129.68%	554.61%	-
EBITDA	3,158	3,154	2,935	-	-	-
EBITDA Margin	98.36%	97.84%	100.60%	-	-	-
D&A For Ebitda	0.03	0.03	0.03	-	-	-
EBIT	3,158	3,154	2,935	2,456	375.93	-41.12
EBIT Margin	98.36%	97.84%	100.60%	102.56%	96.37%	-
Effective Tax Rate	6.26%	6.96%	-	-	23.73%	-
Revenue as Reported	4,160	4,157	3,649	2,921	454.39	-

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