BHG Retail REIT Income Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	52.09	55.34	56.44	61.76	65.46	56.22
Other Revenue	5.62	5.62	5.53	4.67	5.18	4.34
Total Revenue	57.71	60.96	61.98	66.43	70.64	60.56
Revenue Growth (YoY	-7.29%	-1.64%	-6.71%	-5.96%	16.64%	-23.40%
Property Expenses	25.75	26.13	24.81	26.79	28.09	22.68
Selling, General & Administrative	2.19	2.19	2.27	2.53	2.68	2.46
Other Operating Expenses	1.59	1.44	1.3	2.3	1.34	1.27
Total Operating Expenses	29.53	29.76	28.38	31.62	32.11	26.41
Operating Income	28.18	31.2	33.6	34.81	38.53	34.15
Interest Expense	-17.47	-19.3	-20.03	-16.03	-14.38	-14.99
Interest & Investment Income	0.06	0.09	0.12	0.25	0.13	0.16
Currency Exchange Gain (Loss)	1.53	1.47	-0.12	-0.88	-0.91	1.03
Other Non-Operating Income	0.93	0.92	1.1	1.44	0.93	0.39
EBT Excluding Unusual Items	13.25	14.37	14.67	19.59	24.3	20.73
Asset Writedown	-4.8	-4.8	-5.5	1.41	-0.31	-15.04
Pretax Income	8.45	9.58	9.17	21	23.99	5.7
Income Tax Expense	4.22	4.6	5.34	7.05	9	1.97
Earnings From Continuing Operations	4.23	4.98	3.84	13.96	14.99	3.72
Minority Interest in Earnings	-6.79	-7.26	-7.63	-7.86	-7.48	-4.79
Net Income	-2.57	-2.28	-3.79	6.1	7.51	-1.07
Net Income to Common	-2.57	-2.28	-3.79	6.1	7.51	-1.07
Net Income Growth	-	-	-	-18.76%	-	-
Basic Shares Outstanding	520	520	518	514	512	510
Diluted Shares Outstanding	520	520	518	517	513	512
Shares Change (YoY)	0.10%	0.30%	0.11%	0.84%	0.29%	0.44%
EPS (Basic)	-0.00	-0.00	-0.01	0.01	0.01	-0.00
EPS (Diluted)	-0.00	-0.00	-0.01	0.01	0.01	-0.00
EPS Growth	-	-	-	-19.18%	-	-
Dividend Per Share	0.005	0.005	0.004	0.012	0.022	0.019
Dividend Growth	42.42%	16.28%	-63.25%	-46.08%	11.28%	-49.61%
Operating Margin	48.83%	51.18%	54.21%	52.40%	54.54%	56.39%
Profit Margin	-4.45%	-3.74%	-6.12%	9.18%	10.63%	-1.77%
EBITDA	28.31	31.29	33.68	34.91	38.64	34.26
EBITDA Margin	49.05%	51.33%	54.34%	52.55%	54.70%	56.57%
D&A For Ebitda	0.13	0.09	0.08	0.1	0.11	0.11
EBIT	28.18	31.2	33.6	34.81	38.53	34.15
EBIT Margin	48.83%	51.18%	54.21%	52.40%	54.54%	56.39%
Effective Tax Rate	49.99%	48.00%	58.18%	33.55%	37.52%	34.64%
Revenue as Reported	60.96	60.96	61.98	66.43	70.64	60.56

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.