CapitaLand Ascott Trust Income Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	837.58	809.52	744.56	621.24	394.41
Total Revenue	837.58	809.52	744.56	621.24	394.41
Revenue Growth (YoY	3.47%	8.72%	19.85%	57.51%	6.64%
Property Expenses	489.69	474.39	440.53	368.84	250.54
Selling, General & Administrative	10.62	9.84	11	9.9	7.97
Depreciation & Amortization	21.02	22.67	24.62	20.5	19.02
Other Operating Expenses	9.31	9.78	5.59	3.84	7.36
Total Operating Expenses	530.65	516.68	481.74	403.08	284.88
Operating Income	306.94	292.84	262.82	218.16	109.53
Interest Expense	-112.2	-121.7	-103.63	-69.99	-51.33
Interest & Investment Income	6.36	6.08	4.31	1.33	2.55
Income (Loss) on Equity Investments	-	0.02	0.01	3.89	-0.24
Currency Exchange Gain (Loss)	39.69	-20.59	26.17	-24.39	-3.31
Other Non-Operating Income	-23.81	19.94	-4.37	3.02	12.55
EBT Excluding Unusual Items	216.97	176.59	185.31	132.02	69.75
Gain (Loss) on Sale of Assets	99.04	62.69	16.02	0.1	153.23
Asset Writedown	128.37	49.94	100.9	127.67	147.26
Other Unusual Items	-	-	-	-	4.7
Pretax Income	444.38	289.21	302.23	259.78	374.93
Income Tax Expense	111.76	44.92	72.44	33.56	64.52
Earnings From Continuing Operations	332.62	244.29	229.78	226.22	310.42
Minority Interest in Earnings	-5.01	-3.11	1.47	-2.92	-1.1
Net Income	327.61	241.18	231.26	223.31	309.32
Preferred Dividends & Other Adjustments	17.21	14.41	13.5	13.5	13.5
Net Income to Common	310.41	226.76	217.76	209.81	295.82
Net Income Growth	35.84%	4.29%	3.56%	-27.81%	-
Basic Shares Outstanding	3,817	3,784	3,568	3,341	3,160
Diluted Shares Outstanding	3,844	3,810	3,589	3,358	3,174
Shares Change (YoY)	0.91%	6.14%	6.88%	5.80%	2.50%
EPS (Basic)	0.08	0.06	0.06	0.06	0.09
EPS (Diluted)	0.08	0.06	0.06	0.06	0.09
EPS Growth	35.63%	-1.98%	-2.88%	-32.94%	-
Dividend Per Share	0.061	0.061	0.066	0.057	0.043
Dividend Growth	0.08%	-7.26%	16.05%	31.26%	41.97%
Operating Margin	36.65%	36.17%	35.30%	35.12%	27.77%
Profit Margin	37.06%	28.01%	29.25%	33.77%	75.00%
EBITDA	344.41	331.05	301.72	253.93	142.18
EBITDA Margin	41.12%	40.89%	40.52%	40.88%	36.05%
D&A For Ebitda	37.47	38.22	38.9	35.77	32.64
EBIT	306.94	292.84	262.82	218.16	109.53
EBIT Margin	36.65%	36.17%	35.30%	35.12%	27.77%
Effective Tax Rate	25.15%	15.53%	23.97%	12.92%	17.21%

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