Ari Real Estate (Arena) Investment Ltd (TLV: ARIN)

TLV: ARIN Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	106	101.33	85.12	66.23	58.24	74.91
Other Revenue	19.05	12.74	75.91	-	-	-
Total Revenue	125.05	114.08	161.03	66.23	58.24	74.91
Revenue Growth (YoY	13.35%	-29.16%	143.14%	13.71%	-22.25%	-21.08%
Property Expenses	27.67	26.49	24.65	21.18	17.31	24.25
Selling, General & Administrative	13	11.33	9.64	7.19	7.09	9.85
Other Operating Expenses	11.52	0.04	1.69	-0.27	0.19	-0.49
Total Operating Expenses	52.19	37.85	35.98	28.1	24.58	33.61
Operating Income	72.85	76.22	125.05	38.13	33.67	41.3
Interest Expense	-51.6	-39.01	-44.45	-25.21	-12.12	-8.69
Interest & Investment Income	8.54	1.92	0.46	-	2.77	6.46
Currency Exchange Gain (Loss)	2.61	2.61	2.38	0.01	-0.66	-0.94
Other Non-Operating Income	-0.23	3.77	-19.12	-3.77	3.17	-
EBT Excluding Unusual Items	32.17	45.51	64.32	9.16	26.84	38.12
Gain (Loss) on Sale of Assets	-	-	-0.32	-	-0.21	-
Total Insurance Settlements	-	-	-	-	0.13	-
Asset Writedown	2.4	6.55	-52.47	230.28	-12.45	7.61
Total Legal Settlements	-0.95	-0.95	1.93	5.36	-6.5	-
Other Unusual Items	-	-	-	-0.69	-	-
Pretax Income	33.62	51.11	13.46	244.11	7.8	45.73
Income Tax Expense	7.41	17.82	23.53	48.58	-3.96	7.68
Earnings From Continuing Operations	26.21	33.29	-10.07	195.53	11.76	38.05
Earnings From Discontinued Operations	-	-	-	4.17	1.8	13.08
Net Income to Company	26.21	33.29	-10.07	199.7	13.57	51.13
Minority Interest in Earnings	0.81	0.6	-0.78	-1.71	-0.27	-2.42
Net Income	27.02	33.89	-10.84	197.99	13.3	48.7
Net Income to Common	27.02	33.89	-10.84	197.99	13.3	48.7
Net Income Growth	-59.65%	-	-	1388.61%	-72.69%	-
Basic Shares Outstanding	321	316	245	144	142	142
Diluted Shares Outstanding	321	316	245	144	142	142
Shares Change (YoY)	4.15%	29.02%	70.17%	1.42%	-	-
EPS (Basic)	0.08	0.11	-0.04	1.37	0.09	0.34
EPS (Diluted)	0.08	0.11	-0.04	1.37	0.09	0.34
EPS Growth	-61.26%	-	-	1367.74%	-72.69%	-
Dividend Per Share	0.036	0.036	-	-	-	-
Operating Margin	58.26%	66.82%	77.66%	57.58%	57.80%	55.13%
Profit Margin	21.61%	29.71%	-6.73%	298.94%	22.84%	65.02%
Free Cash Flow Margin	34.52%	40.28%	27.90%	13.91%	42.99%	54.99%
EBITDA	73.25	76.62	125.41	38.49	34.03	41.66
EBITDA Margin	58.58%	67.16%	77.88%	58.11%	58.43%	55.62%
D&A For Ebitda	0.4	0.39	0.36	0.36	0.37	0.37
EBIT	72.85	76.22	125.05	38.13	33.67	41.3
EBIT Margin	58.26%	66.82%	77.66%	57.58%	57.80%	55.13%
Effective Tax Rate	22.03%	34.87%	174.78%	19.90%	-	16.80%

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