Suntec Real Estate Investment Trust (SGX: T82U)

T82U Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	465.32	462.74	427.27	358.07	315.39	366.73
Other Revenue	40.13	36	144.86	102.91	56.39	157.79
Total Revenue	505.45	498.74	572.13	460.98	371.78	524.52
Revenue Growth (YoY	-3.92%	-12.83%	24.11%	23.99%	-29.12%	11.13%
Property Expenses	209.67	204.63	164.74	158.49	157.18	173.52
Selling, General & Administrative	13.01	13.23	12.16	9.25	8.82	8.46
Other Operating Expenses	2.12	2.12	1.86	2.12	1.15	0.82
Total Operating Expenses	225.09	220.27	178.65	167.52	171.4	183.36
Operating Income	280.36	278.47	393.48	293.46	200.39	341.16
Interest Expense	-176.6	-173.06	-144.2	-117.45	-118.85	-107.89
Interest & Investment Income	19.35	21.12	39.2	33.11	18.2	28.74
Currency Exchange Gain (Loss)	-1.23	-1.64	-7.24	-10.04	7.81	-1.46
Other Non-Operating Income	-29.3	-40.26	73.5	64.67	-8.06	-3.97
EBT Excluding Unusual Items	92.57	84.63	354.75	263.75	99.49	256.58
Gain (Loss) on Sale of Investments	-	-	-	13.93	-	-
Gain (Loss) on Sale of Assets	18.42	9.8	-	13.89	-	-
Asset Writedown	109.28	109.86	159.12	223.97	-214.8	154.39
Pretax Income	220.27	204.29	513.87	515.54	-115.32	410.97
Income Tax Expense	6.3	7.97	16.24	25.03	0.34	15.87
Earnings From Continuing Operations	213.97	196.32	497.63	490.51	-115.66	395.09
Minority Interest in Earnings	-12.46	-10.94	-20.82	-14.07	44.3	-4.56
Net Income	201.51	185.38	476.81	476.44	-71.36	390.53
Preferred Dividends & Other Adjustments	14.01	13.98	13.98	11.09	1.38	-
Net Income to Common	187.5	171.41	462.84	465.35	-72.74	390.53
Net Income Growth	-26.29%	-61.12%	0.08%	-	-	27.14%
Basic Shares Outstanding	2,904	2,892	2,872	2,845	2,818	2,758
Diluted Shares Outstanding	2,916	2,904	2,883	2,890	2,818	2,994
Shares Change (YoY)	0.81%	0.75%	-0.26%	2.53%	-5.87%	4.68%
EPS (Basic)	0.06	0.06	0.16	0.16	-0.03	0.14
EPS (Diluted)	0.06	0.06	0.16	0.16	-0.03	0.13
EPS Growth	-28.30%	-63.24%	-0.53%	-	-	22.96%
Dividend Per Share	0.067	0.071	0.089	0.087	0.074	0.095
Dividend Growth	-11.25%	-19.69%	2.52%	17.08%	-22.14%	-4.82%
Operating Margin	55.47%	55.83%	68.78%	63.66%	53.90%	65.04%
Profit Margin	37.09%	34.37%	80.90%	100.95%	-19.56%	74.46%
Free Cash Flow Margin	52.34%	50.53%	49.67%	52.87%	57.04%	43.75%
EBITDA	280.94	279.09	394.16	294.25	201.16	341.99
EBITDA Margin	55.58%	55.96%	68.89%	63.83%	54.11%	65.20%
D&A For Ebitda	0.59	0.62	0.68	0.79	0.78	0.84
EBIT	280.36	278.47	393.48	293.46	200.39	341.16
EBIT Margin	55.47%	55.83%	68.78%	63.66%	53.90%	65.04%
Effective Tax Rate	2.86%	3.90%	3.16%	4.86%	-	3.86%

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