Carasso Real Estate Income Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	422.33	443.83	618.24	579.17	353.83	230.1
Revenue Growth (YoY)	-12.22%	-28.21%	6.75%	63.69%	53.77%	-
Cost of Revenue	293.98	313.33	472.64	472.08	296.11	152.92
Gross Profit	128.35	130.51	145.6	107.09	57.72	77.18
Selling, General & Admin	63.25	61.18	61.38	40.97	35.6	41.64
Other Operating Expenses	3.83	3.31	2.27	11.81	3.23	1.37
Operating Expenses	67.09	64.49	63.65	52.78	38.82	43.01
Operating Income	61.27	66.02	81.94	54.31	18.9	34.17
Interest Expense	-90.92	-73.47	-63.5	-46.59	-33.89	-35.91
Interest & Investment Income	15.57	12.21	5.74	5.95	3.36	3.7
Earnings From Equity Investments	11.06	2.78	-5.16	-0.81	-4.83	4.69
Other Non Operating Income (Expenses)	-5.72	-4.75	-14.18	-21.78	-8.23	-6.43
EBT Excluding Unusual Items	-8.73	2.78	4.84	-8.92	-24.7	0.22
Gain (Loss) on Sale of Assets	0.38	0.38	0.19	0.27	-	-
Asset Writedown	105.87	12.67	130.27	125.63	36.33	82.55
Pretax Income	97.51	15.84	135.29	116.97	11.63	82.77
Income Tax Expense	16.18	-1.32	24.49	33.44	10.49	19.37
Earnings From Continuing Operations	81.33	17.16	110.8	83.54	1.14	63.4
Minority Interest in Earnings	-0.5	0.19	-1.59	-4.91	-2.25	-4.25
Net Income	80.84	17.35	109.21	78.63	-1.11	59.15
Net Income to Common	80.84	17.35	109.21	78.63	-1.11	59.15
Net Income Growth	33.78%	-84.11%	38.89%	-	-	-
Shares Outstanding (Basic)	54	54	49	40	40	40
Shares Outstanding (Diluted)	54	54	49	40	40	40
Shares Change (YoY)	-3.77%	11.54%	20.09%	-	-	-
EPS (Basic)	1.50	0.32	2.25	1.94	-0.03	1.46
EPS (Diluted)	1.50	0.32	2.25	1.94	-0.03	1.46
EPS Growth	38.99%	-85.77%	15.65%	-	-	-
Free Cash Flow	-288.65	-357.31	56.33	175.79	-138.63	-56.97
Free Cash Flow Per Share	-5.37	-6.60	1.16	4.35	-3.43	-1.41
Dividend Per Share	0.370	0.370	-	-	-	-
Gross Margin	30.39%	29.40%	23.55%	18.49%	16.31%	33.54%
Operating Margin	14.51%	14.87%	13.25%	9.38%	5.34%	14.85%
Profit Margin	19.14%	3.91%	17.66%	13.58%	-0.31%	25.71%
Free Cash Flow Margin	-68.35%	-80.51%	9.11%	30.35%	-39.18%	-24.76%
EBITDA	64.33	68.75	84.01	56.08	20.35	35.68
EBITDA Margin	15.23%	15.49%	13.59%	9.68%	5.75%	15.51%
D&A For EBITDA	3.06	2.73	2.07	1.78	1.45	1.51
EBIT	61.27	66.02	81.94	54.31	18.9	34.17
EBIT Margin	14.51%	14.87%	13.25%	9.38%	5.34%	14.85%
Effective Tax Rate	16.59%	-	18.10%	28.58%	90.24%	23.40%
Revenue as Reported	528.19	456.51	748.5	704.8	390.16	312.64

Source: S&P Capital IQ. Standard template. Financial Sources.