Starhill Global Real Estate Investment Trust (SGX:P40U)

Landsea Homes Income Statement

Financials in millions SGD. Fiscal year is July - June.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Rental Revenue	192.1	189.82	187.77	186.43	181.29
Total Revenue	192.1	189.82	187.77	186.43	181.29
Revenue Growth (YoY	1.20%	1.09%	0.72%	2.84%	0.28%
Property Expenses	54.73	53.78	53.54	55.74	60.76
Selling, General & Administrative	7.3	5.3	5	5.2	5.21
Total Operating Expenses	62.03	59.08	58.54	60.93	65.97
Operating Income	130.07	130.74	129.23	125.5	115.31
Interest Expense	-42.1	-43.04	-39.5	-37.85	-41.41
Interest & Investment Income	1.84	1.85	1.71	0.39	0.45
Currency Exchange Gain (Loss)	-0.53	0.4	-1.29	-2.36	-1.03
Other Non-Operating Income	0.36	-0.58	6.34	19.95	12.76
EBT Excluding Unusual Items	89.64	89.36	96.49	105.64	86.08
Gain (Loss) on Sale of Assets	9.04	-	4.81	-	-
Asset Writedown	18.78	-16.53	-65.51	-49.59	-28.1
Other Unusual Items	-3.85	-3.86	-3.85	35.98	31.66
Pretax Income	113.61	68.97	31.94	92.03	89.64
Income Tax Expense	4.77	6.3	3.77	2.25	1.46
Net Income	108.84	62.67	28.17	89.78	88.18
Net Income to Common	108.84	62.67	28.17	89.78	88.18
Net Income Growth	73.67%	122.45%	-68.62%	1.82%	13.99%
Basic Shares Outstanding	2,286	2,259	2,248	2,229	2,202
Diluted Shares Outstanding	2,288	2,260	2,249	2,230	2,206
Shares Change (YoY)	1.22%	0.49%	0.85%	1.13%	0.78%
EPS (Basic)	0.05	0.03	0.01	0.04	0.04
EPS (Diluted)	0.05	0.03	0.01	0.04	0.04
EPS Growth	71.84%	121.60%	-68.95%	0.68%	13.11%
Dividend Per Share	0.036	0.036	0.038	0.038	0.040
Dividend Growth	0.55%	-4.47%	-	-3.80%	33.45%
Operating Margin	67.71%	68.88%	68.82%	67.32%	63.61%
Profit Margin	56.66%	33.02%	15.00%	48.16%	48.64%
EBITDA	130.07	130.74	129.24	125.52	115.34
EBITDA Margin	67.71%	68.88%	68.83%	67.33%	63.62%
D&A For Ebitda	0	0	0.01	0.02	0.02
EBIT	130.07	130.74	129.23	125.5	115.31
EBIT Margin	67.71%	68.88%	68.82%	67.32%	63.61%
Effective Tax Rate	4.20%	9.13%	11.80%	2.45%	1.63%

Updated Jan 23, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.