First Real Estate Investment Trust (SGX: AW9U)

SGX: AW9U Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	106.57	108.57	111.28	102.35	79.62	115.3
Total Revenue	106.57	108.57	111.28	102.35	79.62	115.3
Revenue Growth (YoY	-4.40%	-2.43%	8.72%	28.54%	-30.94%	-0.78%
Property Expenses	13.27	13.32	13.09	11.24	11.56	13.8
Selling, General & Administrative	0.36	0.36	0.38	0.31	0.42	0.43
Other Operating Expenses	1.02	1.46	1.69	2.24	5.71	1.17
Total Operating Expenses	14.64	15.14	15.16	13.8	17.69	15.4
Operating Income	91.92	93.43	96.12	88.55	61.93	99.9
Interest Expense	-22.79	-22.7	-19.43	-8.63	-20.22	-21.43
Interest & Investment Income	0.47	0.51	0.28	0.15	1.44	2.36
Currency Exchange Gain (Loss)	-2.65	-3.37	-1.19	2.76	0	0.16
Other Non-Operating Income	0.02	-0.48	-0.42	-5.22	-	-
EBT Excluding Unusual Items	66.97	67.39	75.35	77.62	43.16	81
Gain (Loss) on Sale of Investments	-0.01	-0.01	-0.03	-	-	-
Gain (Loss) on Sale of Assets	-	-	-0.71	2.71	-	-
Asset Writedown	12.11	10.83	-22.65	-4.52	-401.39	-5.61
Pretax Income	79.07	78.22	51.95	75.81	-358.23	75.39
Income Tax Expense	14.67	14.88	18.37	12.7	-5.82	26.47
Net Income	64.4	63.34	33.59	63.11	-352.41	48.92
Preferred Dividends & Other Adjustments	1.66	1.66	2.58	3.21	3.42	3.41
Net Income to Common	62.74	61.68	31.01	59.91	-355.83	45.51
Net Income Growth	92.92%	88.59%	-46.79%	-	-	-35.53%
Basic Shares Outstanding	2,077	2,068	1,982	1,499	807	793
Diluted Shares Outstanding	2,077	2,068	1,982	1,499	807	793
Shares Change (YoY)	0.82%	4.36%	32.16%	85.75%	1.74%	1.03%
EPS (Basic)	0.03	0.03	0.02	0.04	-0.44	0.06
EPS (Diluted)	0.03	0.03	0.02	0.04	-0.44	0.06
EPS Growth	97.77%	90.62%	-60.84%	-	-	-37.84%
Dividend Per Share	0.024	0.025	0.026	0.026	0.042	0.086
Dividend Growth	-4.69%	-6.06%	1.15%	-37.11%	-51.74%	0%
Operating Margin	86.26%	86.05%	86.38%	86.52%	77.79%	86.64%
Profit Margin	58.87%	56.82%	27.87%	58.53%	-446.91%	39.47%
Free Cash Flow Margin	61.68%	64.43%	83.65%	65.06%	63.30%	86.80%
EBITDA	91.93	93.44	96.13	88.56	61.95	99.91
EBITDA Margin	86.27%	86.06%	86.39%	86.53%	77.81%	86.66%
D&A For Ebitda	0.01	0.01	0.01	0.01	0.01	0.01
EBIT	91.92	93.43	96.12	88.55	61.93	99.9
EBIT Margin	86.26%	86.05%	86.38%	86.52%	77.79%	86.64%
Effective Tax Rate	18.56%	19.02%	35.36%	16.75%	-	35.11%

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