Keppel REIT Income Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Rental Revenue	242.94	233.07	219.29	216.61	170.22	164.05	Upgrade
Other Revenue	106.85	103.79	100.69	118.6	117.57	106.42	Upgrade
Total Revenue	349.79	336.86	319.98	335.2	287.79	270.48	Upgrade
Revenue Growth (YoY	8.96%	5.28%	-4.54%	16.47%	6.40%	0.27%	Upgrade
Property Expenses	52.23	48.25	41.32	41.93	32.8	33.1	Upgrade
Selling, General & Administrative	66.76	64.82	65.51	64.37	56.99	56.13	Upgrade
Other Operating Expenses	-12.21	-10.87	-1.69	-2.67	-	-2.69	Upgrade
Total Operating Expenses	106.78	102.2	105.14	103.63	89.79	89.09	Upgrade
Operating Income	243.01	234.66	214.84	231.57	198.01	181.39	Upgrade
Interest Expense	-76.46	-66.98	-52.23	-50.15	-48.81	-65.66	Upgrade
Interest & Investment Income	7.31	7.34	25.26	15.6	18.15	27.16	Upgrade
Currency Exchange Gain (Loss)	11.84	20.22	-2.39	1.05	2.22	-3.55	Upgrade
Other Non-Operating Income	-0.54	-4.51	-	-3.6	7.32	-2.93	Upgrade
EBT Excluding Unusual Items	185.15	190.73	185.48	194.48	176.89	136.41	Upgrade
Merger & Restructuring Charges	-	-	-	-	-	-5.31	Upgrade
Gain (Loss) on Sale of Investments	-5.32	-7.38	3.51	-2.86	-	-	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-	-	18.09	Upgrade
Asset Writedown	-21.95	24.7	261.46	87.24	-171.97	3.83	Upgrade
Pretax Income	157.88	208.05	450.45	278.86	4.93	153.02	Upgrade
Income Tax Expense	5.23	11.57	2.05	23	4.65	11.35	Upgrade
Earnings From Continuing Operations	152.65	196.48	448.4	255.86	0.28	141.67	Upgrade
Minority Interest in Earnings	-20.15	-18.45	-33.57	-14.69	-6.2	-14.27	Upgrade
Net Income	132.5	178.03	414.84	241.17	-5.92	127.4	Upgrade
Preferred Dividends & Other Adjustments	9.48	9.45	9.45	9.43	9.18	7.47	Upgrade
Net Income to Common	123.02	168.58	405.39	231.74	-15.11	119.93	Upgrade
Net Income Growth	-54.65%	-57.08%	72.01%	-	-	-17.07%	Upgrade
Basic Shares Outstanding	3,789	3,765	3,723	3,637	3,391	3,397	Upgrade
Diluted Shares Outstanding	3,820	3,805	3,792	3,781	3,391	3,483	Upgrade
Shares Change (YoY)	0.91%	0.33%	0.30%	11.49%	-2.62%	2.50%	Upgrade
EPS (Basic)	0.03	0.04	0.11	0.06	-0.00	0.04	Upgrade
EPS (Diluted)	0.03	0.04	0.11	0.06	-0.00	0.03	Upgrade
EPS Growth	-56.79%	-58.43%	71.80%	-	-	-18.66%	Upgrade
Dividend Per Share	0.057	0.058	0.059	0.058	0.057	0.056	Upgrade
Dividend Growth	-2.56%	-2.03%	1.72%	1.57%	2.69%	0.36%	Upgrade
Operating Margin	69.47%	69.66%	67.14%	69.08%	68.80%	67.06%	Upgrade
Profit Margin	35.17%	50.04%	126.69%	69.13%	-5.25%	44.34%	Upgrade
Free Cash Flow Margin	50.95%	50.44%	50.70%	33.91%	36.30%	34.23%	Upgrade
EBITDA	243.05	234.71	214.87	231.59	198.01	181.39	Upgrade
EBITDA Margin	69.49%	69.68%	67.15%	69.09%	68.80%	67.06%	Upgrade
D&A For Ebitda	0.05	0.05	0.03	0.02	0.01	0.01	Upgrade
EBIT	243.01	234.66	214.84	231.57	198.01	181.39	Upgrade
EBIT Margin	69.47%	69.66%	67.14%	69.08%	68.80%	67.06%	Upgrade
Effective Tax Rate	3.31%	5.56%	0.45%	8.25%	94.34%	7.42%	Upgrade

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