First Real Estate Investment Trust (SGX:AW9U)

SGX:AW9U Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	100.69	102.21	108.57	111.28	102.35	79.62
Total Revenue	100.69	102.21	108.57	111.28	102.35	79.62
Revenue Growth (YoY	-5.51%	-5.85%	-2.43%	8.72%	28.54%	-30.94%
Property Expenses	13.19	13.45	13.32	13.09	11.24	11.56
Selling, General & Administrative	0.35	0.36	0.36	0.38	0.31	0.42
Other Operating Expenses	1.84	1.55	1.46	1.69	2.24	5.71
Total Operating Expenses	15.38	15.36	15.14	15.16	13.8	17.69
Operating Income	85.31	86.86	93.43	96.12	88.55	61.93
Interest Expense	-22.34	-22.77	-22.7	-19.43	-8.63	-20.22
Interest & Investment Income	0.32	0.36	0.51	0.28	0.15	1.44
Currency Exchange Gain (Loss)	-8.56	-4.72	-3.37	-1.19	2.76	0
Other Non-Operating Income	-0.37	0.44	-0.48	-0.42	-5.22	-
EBT Excluding Unusual Items	54.36	60.16	67.39	75.35	77.62	43.16
Gain (Loss) on Sale of Investments	0	-0.01	-0.01	-0.03	-	-
Gain (Loss) on Sale of Assets	-	-	-	-0.71	2.71	-
Asset Writedown	-0.67	-9.58	10.83	-22.65	-4.52	-401.39
Pretax Income	53.69	50.58	78.22	51.95	75.81	-358.23
Income Tax Expense	13.52	13.82	14.88	18.37	12.7	-5.82
Net Income	40.17	36.75	63.34	33.59	63.11	-352.41
Preferred Dividends & Other Adjustments	1.66	1.66	1.66	2.58	3.21	3.42
Net Income to Common	38.52	35.09	61.68	31.01	59.91	-355.83
Net Income Growth	-37.62%	-41.97%	88.59%	-46.79%	-	-
Basic Shares Outstanding	2,091	2,086	2,068	1,982	1,499	807
Diluted Shares Outstanding	2,091	2,086	2,068	1,982	1,499	807
Shares Change (YoY)	0.67%	0.88%	4.36%	32.16%	85.75%	1.74%
EPS (Basic)	0.02	0.02	0.03	0.02	0.04	-0.44
EPS (Diluted)	0.02	0.02	0.03	0.02	0.04	-0.44
EPS Growth	-39.01%	-43.61%	90.62%	-60.84%	-	-
Dividend Per Share	0.023	0.024	0.025	0.026	0.026	0.042
Dividend Growth	-6.15%	-4.84%	-6.06%	1.15%	-37.11%	-51.74%
Operating Margin	84.73%	84.98%	86.05%	86.38%	86.52%	77.79%
Profit Margin	38.25%	34.33%	56.82%	27.87%	58.54%	-446.91%
EBITDA	85.33	86.87	93.44	96.13	88.56	61.95
EBITDA Margin	84.74%	84.99%	86.06%	86.39%	86.53%	77.81%
D&A For Ebitda	0.02	0.01	0.01	0.01	0.01	0.01
EBIT	85.31	86.86	93.43	96.12	88.55	61.93
EBIT Margin	84.73%	84.98%	86.05%	86.38%	86.52%	77.79%
Effective Tax Rate	25.18%	27.33%	19.02%	35.36%	16.75%	-

Updated Feb 11, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.