SGX:T82U 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	471.61	463.56	462.74	427.27	358.07
Other Revenue	128.26	80.5	36	144.86	102.91
Total Revenue	599.87	544.05	498.74	572.13	460.98
Revenue Growth (YoY	10.26%	9.09%	-12.83%	24.11%	23.99%
Property Expenses	215.9	214.14	204.63	164.74	158.49
Selling, General & Administrative	7.52	7.77	13.23	12.16	9.25
Other Operating Expenses	-	-	2.12	1.86	2.12
Total Operating Expenses	223.42	221.91	220.27	178.65	167.52
Operating Income	376.45	322.14	278.47	393.48	293.46
Interest Expense	-154.59	-175.73	-173.06	-144.2	-117.45
Interest & Investment Income	16.67	19.26	21.12	39.2	33.11
Currency Exchange Gain (Loss)	0.78	-1.49	-1.64	-7.24	-10.04
Other Non-Operating Income	-36.33	-11.41	-40.26	73.5	64.67
EBT Excluding Unusual Items	202.98	152.78	84.63	354.75	263.75
Gain (Loss) on Sale of Investments	-	-	-	-	13.93
Gain (Loss) on Sale of Assets	4.8	14.99	9.8	-	13.89
Asset Writedown	-22.82	-29.99	109.86	159.12	223.97
Pretax Income	184.96	137.78	204.29	513.87	515.54
Income Tax Expense	4.66	1.63	7.97	16.24	25.03
Earnings From Continuing Operations	180.3	136.15	196.32	497.63	490.51
Minority Interest in Earnings	-2.34	-9.38	-10.94	-20.82	-14.07
Net Income	177.96	126.78	185.38	476.81	476.44
Preferred Dividends & Other Adjustments	18.68	14.01	13.98	13.98	11.09
Net Income to Common	159.28	112.77	171.41	462.84	465.35
Net Income Growth	40.37%	-31.61%	-61.12%	0.08%	-
Basic Shares Outstanding	2,940	2,916	2,892	2,872	2,845
Diluted Shares Outstanding	2,950	2,928	2,904	2,883	2,890
Shares Change (YoY)	0.74%	0.83%	0.75%	-0.26%	2.54%
EPS (Basic)	0.05	0.04	0.06	0.16	0.16
EPS (Diluted)	0.05	0.04	0.06	0.16	0.16
EPS Growth	40.20%	-34.75%	-63.24%	-0.53%	-
Dividend Per Share	0.070	0.062	0.071	0.089	0.087
Dividend Growth	13.61%	-13.22%	-19.69%	2.52%	17.08%
Operating Margin	62.76%	59.21%	55.84%	68.77%	63.66%
Profit Margin	26.55%	20.73%	34.37%	80.90%	100.95%
EBITDA	377.36	322.76	279.09	394.16	294.25
EBITDA Margin	62.91%	59.32%	55.96%	68.89%	63.83%
D&A For Ebitda	0.91	0.61	0.62	0.68	0.79
EBIT	376.45	322.14	278.47	393.48	293.46
EBIT Margin	62.76%	59.21%	55.84%	68.77%	63.66%
Effective Tax Rate	2.52%	1.18%	3.90%	3.16%	4.86%

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