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 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	110.83	108.78	101.33	85.12	66.23	58.24
Other Revenue	29.97	41.76	12.74	75.91	-	-
Total Revenue	140.8	150.54	114.08	161.03	66.23	58.24
Revenue Growth (YoY	10.11%	31.96%	-29.16%	143.14%	13.71%	-22.25%
Property Expenses	27.94	27.76	26.49	24.65	21.18	17.31
Selling, General & Administrative	15.06	14.18	11.33	9.64	7.19	7.09
Other Operating Expenses	-0.41	7.77	0.04	1.69	-0.27	0.19
Total Operating Expenses	42.59	49.7	37.85	35.98	28.1	24.58
Operating Income	98.21	100.83	76.22	125.05	38.13	33.67
Interest Expense	-57.48	-54.23	-39.01	-44.45	-25.21	-12.12
Interest & Investment Income	1.05	2.22	1.92	0.46	-	2.77
Currency Exchange Gain (Loss)	3.81	3.81	2.61	2.38	0.01	0.03
Other Non-Operating Income	10.8	11.69	3.77	-19.12	-3.77	2.49
EBT Excluding Unusual Items	56.38	64.32	45.51	64.32	9.16	26.84
Gain (Loss) on Sale of Assets	-	-	-	-0.32	-	-0.21
Total Insurance Settlements	-	-	-	-	-	0.13
Asset Writedown	48.7	56.45	6.55	-52.47	230.28	-12.45
Total Legal Settlements	-1.41	-1.41	-0.95	1.93	5.36	-6.5
Other Unusual Items	-	-	-	-	-0.69	-
Pretax Income	103.67	119.36	51.11	13.46	244.11	7.8
Income Tax Expense	3.55	1.59	17.82	23.53	48.58	-3.96
Earnings From Continuing Operations	100.12	117.77	33.29	-10.07	195.53	11.76
Earnings From Discontinued Operations	-	-	-	-	4.17	1.8
Net Income to Company	100.12	117.77	33.29	-10.07	199.7	13.57
Minority Interest in Earnings	1.18	0.04	0.6	-0.78	-1.71	-0.27
Net Income	101.3	117.81	33.89	-10.84	197.99	13.3
Net Income to Common	101.3	117.81	33.89	-10.84	197.99	13.3
Net Income Growth	108.06%	247.65%	-	-	1388.61%	-72.69%
Basic Shares Outstanding	321	320	316	245	144	142
Diluted Shares Outstanding	321	320	316	245	144	142
Shares Change (YoY)	2.50%	1.21%	29.02%	70.17%	1.42%	-
EPS (Basic)	0.32	0.37	0.11	-0.04	1.37	0.09
EPS (Diluted)	0.32	0.37	0.11	-0.04	1.37	0.09
EPS Growth	102.98%	243.50%	-	-	1367.74%	-72.69%
Dividend Per Share	0.039	0.039	0.036	-	-	-
Dividend Growth	8.19%	8.19%	-	-	-	-
Operating Margin	69.75%	66.98%	66.82%	77.66%	57.58%	57.80%
Profit Margin	71.94%	78.26%	29.70%	-6.73%	298.94%	22.84%
EBITDA	98.61	101.23	76.62	125.41	38.49	34.03
EBITDA Margin	70.04%	67.25%	67.16%	77.88%	58.11%	58.43%
D&A For Ebitda	0.4	0.4	0.39	0.36	0.36	0.37
EBIT	98.21	100.83	76.22	125.05	38.13	33.67
EBIT Margin	69.75%	66.98%	66.82%	77.66%	57.58%	57.80%
Effective Tax Rate	3.43%	1.33%	34.87%	174.78%	19.90%	-

Updated Mar 20, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.