Alpha Integrated Real Estate Investment Trust (SGX:M1GU)

SGX:M1GU 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	118.99	113.31	111.88	94.91	81.91	71.7
Total Revenue	118.99	113.31	111.88	94.91	81.91	71.7
Revenue Growth (YoY	6.36%	1.28%	17.88%	15.86%	14.24%	-6.07%
Property Expenses	57.85	60.61	61.46	46.06	34.62	31.37
Selling, General & Administrative	-1.91	1.4	1.4	1.69	1.03	3.85
Total Operating Expenses	55.94	62	62.86	47.75	35.65	35.22
Operating Income	63.06	51.31	49.02	47.16	46.27	36.48
Interest Expense	-17.76	-18.94	-16.61	-17.6	-15.46	-13.56
Interest & Investment Income	0.17	0.15	0.16	0.09	0.03	0.01
Other Non-Operating Income	-4.47	-4.47	-5.73	8.82	1.98	-3.21
EBT Excluding Unusual Items	41	28.05	26.83	38.46	32.82	19.73
Asset Writedown	-17.87	-9.34	-3.56	14.3	16	-61.94
Other Unusual Items	-6.75	-6.75	-4.64	-	-	-
Pretax Income	16.38	11.96	18.63	52.77	48.82	-42.21
Income Tax Expense	0.64	0.58	0.56	-	-	-
Net Income	15.74	11.37	18.07	52.77	48.82	-42.21
Net Income to Common	15.74	11.37	18.07	52.77	48.82	-42.21
Net Income Growth	-20.54%	-37.08%	-65.75%	8.09%	-	-
Basic Shares Outstanding	1,125	1,122	1,104	1,084	1,058	1,053
Diluted Shares Outstanding	1,125	1,122	1,104	1,084	1,058	1,053
Shares Change (YoY)	0.64%	1.68%	1.84%	2.44%	0.45%	-
EPS (Basic)	0.01	0.01	0.02	0.05	0.05	-0.04
EPS (Diluted)	0.01	0.01	0.02	0.05	0.05	-0.04
EPS Growth	-21.16%	-38.13%	-66.37%	5.52%	-	-
Dividend Per Share	0.032	0.029	0.028	0.030	0.030	0.028
Dividend Growth	68.15%	3.62%	-9.51%	-	10.51%	-5.48%
Operating Margin	52.99%	45.28%	43.81%	49.69%	56.48%	50.88%
Profit Margin	13.23%	10.04%	16.15%	55.60%	59.60%	-58.87%
EBIT	63.06	51.31	49.02	47.16	46.27	36.48
EBIT Margin	52.99%	45.28%	43.81%	49.69%	56.48%	50.88%
Effective Tax Rate	3.92%	4.88%	2.99%	-	-	-

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