AFI Properties Income Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,106	1,087	988.53	798.27	617.06	555.5
Property Management Fees	388.41	383.77	329.7	270.29	268.49	189.34
Other Revenue	137.66	116.89	180.18	303.77	275.74	402.83
Total Revenue	1,632	1,587	1,498	1,372	1,161	1,148
Revenue Growth (YoY	7.06%	5.92%	9.19%	18.17%	1.19%	21.12%
Property Expenses	562.23	544.26	520.23	612.59	592.86	567.5
Selling, General & Administrative	163.53	152.63	140.11	110.41	136.01	83.7
Other Operating Expenses	3.7	1.84	-0.79	-4.9	6.33	-2.61
Total Operating Expenses	729.46	698.72	659.55	718.1	735.2	648.59
Operating Income	902.87	888.47	838.86	654.23	426.09	499.08
Interest Expense	-561.29	-590.13	-571.91	-441.1	-345.46	-251.66
Interest & Investment Income	101.55	92.02	74.14	50.93	35.86	26.86
Income (Loss) on Equity Investments	67.06	62.03	132.66	33.16	50.4	89.57
Currency Exchange Gain (Loss)	-6.81	-6.81	-67.29	93.29	80.07	-114.68
Other Non-Operating Income	13.57	13.57	19.41	-182.03	-58.71	149.49
EBT Excluding Unusual Items	516.96	459.15	425.87	208.48	188.26	398.67
Gain (Loss) on Sale of Investments	-	-	-	-	86	-
Asset Writedown	708.75	715.77	420.24	58.08	472.71	542.59
Other Unusual Items	-	-	10.5	-	-6.63	-9.3
Pretax Income	1,226	1,175	856.6	266.56	740.33	931.96
Income Tax Expense	247.76	237.64	186.71	53.27	152.65	143.31
Earnings From Continuing Operations	977.95	937.28	669.89	213.29	587.69	788.65
Net Income to Company	977.95	937.28	669.89	213.29	587.69	788.65
Minority Interest in Earnings	-3.51	-3.98	-6.59	-1.89	-2.2	-1.32
Net Income	974.44	933.3	663.3	211.4	585.49	787.34
Net Income to Common	974.44	933.3	663.3	211.4	585.49	787.34
Net Income Growth	47.85%	40.71%	213.76%	-63.89%	-25.64%	4024.12%
Basic Shares Outstanding	40	39	38	38	38	36
Diluted Shares Outstanding	40	39	38	38	38	36
Shares Change (YoY)	4.91%	2.94%	0.03%	0.43%	4.51%	5.58%
EPS (Basic)	24.59	24.08	17.43	5.56	15.52	21.83
EPS (Diluted)	24.38	23.83	17.43	5.56	15.46	21.73
EPS Growth	40.96%	36.72%	213.56%	-64.05%	-28.85%	3803.57%
Dividend Per Share	-	-	-	-	-	1.380
Operating Margin	55.31%	55.98%	55.98%	47.67%	36.69%	43.49%
Profit Margin	59.70%	58.80%	44.27%	15.40%	50.42%	68.60%
EBITDA	909.86	894.99	844.79	658.81	430.23	503.29
EBITDA Margin	55.74%	56.39%	56.38%	48.01%	37.05%	43.85%
D&A For Ebitda	6.99	6.52	5.93	4.58	4.14	4.21
EBIT	902.87	888.47	838.86	654.23	426.09	499.08
EBIT Margin	55.31%	55.98%	55.98%	47.67%	36.69%	43.49%
Effective Tax Rate	20.21%	20.23%	21.80%	19.98%	20.62%	15.38%