ARGO Properties N.V. (TLV:ARGO)

ARGO Properties Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	25.03	21.39	16.6	11.33	7.26
Property Management Fees	9.19	8	6.1	3.6	2.49
Total Revenue	34.23	29.38	22.7	14.92	9.74
Revenue Growth (YoY	16.48%	29.47%	52.07%	53.16%	66.68%
Property Expenses	13.12	11.79	9.36	5.64	3.65
Selling, General & Administrative	8.7	6.44	5.65	4.21	1.96
Other Operating Expenses	-1.01	-	-	-	-
Total Operating Expenses	20.81	18.23	15.01	9.85	5.61
Operating Income	13.42	11.16	7.69	5.08	4.13
Interest Expense	-9.89	-8.33	-5.56	-2.08	-1.25
Interest & Investment Income	-	0.69	0.03	-	-
EBT Excluding Unusual Items	3.53	3.52	2.16	3	2.88
Gain (Loss) on Sale of Investments	-2.6	2.4	3.22	2.34	-1.39
Asset Writedown	41.82	-56.82	27.02	63.74	25.37
Pretax Income	42.74	-50.9	32.4	69.08	26.86
Income Tax Expense	7.56	-7.41	5.13	10.25	4.19
Net Income	35.18	-43.5	27.28	58.83	22.66
Net Income to Common	35.18	-43.5	27.28	58.83	22.66
Net Income Growth	-	-	-53.64%	159.61%	15.18%
Basic Shares Outstanding	19	18	18	17	13
Diluted Shares Outstanding	20	18	19	19	13
Shares Change (YoY)	11.07%	-2.69%	-0.49%	39.85%	53.82%
EPS (Basic)	1.87	-2.40	1.51	3.46	1.70
EPS (Diluted)	1.75	-2.40	1.47	3.15	1.69
EPS Growth	-	-	-53.33%	86.39%	-25.22%
Operating Margin	39.20%	37.97%	33.87%	34.03%	42.38%
Profit Margin	102.80%	-148.02%	120.18%	394.21%	232.57%
EBIT	13.42	11.16	7.69	5.08	4.13
EBIT Margin	39.20%	37.97%	33.87%	34.03%	42.38%
Effective Tax Rate	17.69%	-	15.82%	14.83%	15.62%

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