Landmark REIT (SGX:D5IU)

Landmark REIT Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	207.28	205.01	194.56	197.27	204.71	175.07
Total Revenue	207.28	205.01	194.56	197.27	204.71	175.07
Revenue Growth (YoY	6.17%	5.37%	-1.37%	-3.64%	16.93%	17.86%
Property Expenses	93.41	92.79	87.57	84.45	84.41	80.12
Selling, General & Administrative	0.39	0.39	0.41	0.42	0.47	0.47
Other Operating Expenses	2.66	2.41	4.32	7.68	4.12	4.25
Total Operating Expenses	96.45	95.59	97.47	97.96	95.82	92.41
Operating Income	110.83	109.42	97.09	99.31	108.89	82.66
Interest Expense	-51.59	-56.02	-77.11	-71.92	-62.61	-60.01
Interest & Investment Income	0.34	0.35	1.27	2.14	1.64	1.51
Currency Exchange Gain (Loss)	23.89	32.38	-87.2	-26.66	-12.37	-9.4
Other Non-Operating Income	-3.11	-0.55	26.61	3.22	-30.29	9.02
EBT Excluding Unusual Items	80.36	85.58	-39.34	6.09	5.27	23.77
Asset Writedown	-23.22	-23.22	29.82	-133.47	32.31	-31.38
Other Unusual Items	-	-	-1.52	20.97	10.64	-
Pretax Income	57.14	62.35	-11.04	-106.41	48.22	-7.61
Income Tax Expense	30.66	30.36	25.34	19.58	46.64	24.91
Net Income	26.48	31.99	-36.38	-125.99	1.58	-32.51
Preferred Dividends & Other Adjustments	-	-	-	-	14.32	17.53
Net Income to Common	26.48	31.99	-36.38	-125.99	-12.74	-50.04
Basic Shares Outstanding	9,323	7,697	7,697	7,697	7,691	7,401
Diluted Shares Outstanding	9,323	7,697	7,697	7,697	7,691	7,401
Shares Change (YoY)	21.13%	-	-	0.07%	3.92%	153.47%
EPS (Basic)	0.00	0.00	-0.00	-0.02	-0.00	-0.01
EPS (Diluted)	0.00	0.00	-0.00	-0.02	-0.00	-0.01
Dividend Per Share	-	-	-	-	0.003	0.004
Dividend Growth	-	-	-	-	-11.43%	2.94%
Operating Margin	53.47%	53.37%	49.90%	50.34%	53.19%	47.21%
Profit Margin	12.78%	15.61%	-18.70%	-63.87%	-6.22%	-28.58%
EBITDA	112.81	111.61	104.59	107.44	118.14	92.98
EBITDA Margin	54.42%	54.44%	53.75%	54.46%	57.71%	53.11%
D&A For Ebitda	1.98	2.19	7.5	8.13	9.25	10.32
EBIT	110.83	109.42	97.09	99.31	108.89	82.66
EBIT Margin	53.47%	53.37%	49.90%	50.34%	53.19%	47.21%
Effective Tax Rate	53.65%	48.69%	-	-	96.72%	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.