ARGO Properties N.V. (TLV:ARGO)

ARGO Properties Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	25.84	25.03	21.39	16.6	11.33	7.26
Property Management Fees	9.07	9.19	8	6.1	3.6	2.49
Total Revenue	34.91	34.23	29.38	22.7	14.92	9.74
Revenue Growth (YoY	16.06%	16.48%	29.47%	52.07%	53.16%	66.68%
Property Expenses	15.6	13.12	11.79	9.36	5.64	3.65
Selling, General & Administrative	8.22	8.7	6.44	5.65	4.21	1.96
Other Operating Expenses	2.51	2.51	-	-	-	-
Total Operating Expenses	26.32	24.33	18.23	15.01	9.85	5.61
Operating Income	8.59	9.9	11.16	7.69	5.08	4.13
Interest Expense	-10.94	-10.7	-8.33	-5.56	-2.08	-1.25
Interest & Investment Income	0.81	0.81	0.69	0.03	-	-
EBT Excluding Unusual Items	-1.54	0.01	3.52	2.16	3	2.88
Gain (Loss) on Sale of Investments	-0.48	-2.6	2.4	3.22	2.34	-1.39
Gain (Loss) on Sale of Assets	6.16	3.52	-	-	-	-
Asset Writedown	50.57	41.82	-56.82	27.02	63.74	25.37
Pretax Income	54.71	42.74	-50.9	32.4	69.08	26.86
Income Tax Expense	9.33	7.56	-7.41	5.13	10.25	4.19
Net Income	45.38	35.18	-43.5	27.28	58.83	22.66
Net Income to Common	45.38	35.18	-43.5	27.28	58.83	22.66
Net Income Growth	-	-	-	-53.64%	159.61%	15.18%
Basic Shares Outstanding	19	19	18	18	17	13
Diluted Shares Outstanding	21	20	18	19	19	13
Shares Change (YoY)	15.73%	11.24%	-2.69%	-0.49%	39.85%	53.82%
EPS (Basic)	2.34	1.87	-2.40	1.51	3.46	1.70
EPS (Diluted)	2.16	1.75	-2.40	1.47	3.15	1.69
EPS Growth	-	-	-	-53.33%	86.39%	-25.22%
Operating Margin	24.60%	28.91%	37.97%	33.87%	34.03%	42.38%
Profit Margin	129.98%	102.80%	-148.02%	120.18%	394.21%	232.57%
EBIT	8.59	9.9	11.16	7.69	5.08	4.13
EBIT Margin	24.60%	28.91%	37.97%	33.87%	34.03%	42.38%
Effective Tax Rate	17.06%	17.69%	-	15.82%	14.83%	15.62%

Updated Nov 24, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.