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	Sep '24 Sep 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	466.85	443.83	618.24	579.17	353.83	230.1
Revenue Growth (YoY)	1.96%	-28.21%	6.75%	63.69%	53.77%	-
Cost of Revenue	324.26	313.33	472.64	472.08	296.11	152.92
Gross Profit	142.59	130.51	145.6	107.09	57.72	77.18
Selling, General & Admin	65.1	61.18	61.38	40.97	35.6	41.64
Other Operating Expenses	3.53	3.31	2.27	11.81	3.23	1.37
Operating Expenses	68.63	64.49	63.65	52.78	38.82	43.01
Operating Income	73.96	66.02	81.94	54.31	18.9	34.17
Interest Expense	-103.51	-73.47	-63.5	-46.59	-33.89	-35.91
Interest & Investment Income	17.19	12.21	5.74	5.95	3.36	3.7
Earnings From Equity Investments	12.24	2.78	-5.16	-0.81	-4.83	4.69
Other Non Operating Income (Expenses)	-4.75	-4.75	-14.18	-21.78	-8.23	-6.43
EBT Excluding Unusual Items	-4.88	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	115.18	12.67	130.27	125.63	36.33	82.55
Pretax Income	110.67	15.84	135.29	116.97	11.63	82.77
Income Tax Expense	16.51	-1.32	24.49	33.44	10.49	19.37
Earnings From Continuing Operations	94.16	17.16	110.8	83.54	1.14	63.4
Minority Interest in Earnings	-1.27	0.19	-1.59	-4.91	-2.25	-4.25
Net Income	92.89	17.35	109.21	78.63	-1.11	59.15
Net Income to Common	92.89	17.35	109.21	78.63	-1.11	59.15
Net Income Growth	85.96%	-84.11%	38.89%	-	-	-
Shares Outstanding (Basic)	54	54	49	40	40	40
Shares Outstanding (Diluted)	55	54	49	40	40	40
Shares Change (YoY)	12.92%	11.54%	20.09%	-	-	-
EPS (Basic)	1.71	0.32	2.25	1.94	-0.03	1.46
EPS (Diluted)	1.70	0.32	2.25	1.94	-0.03	1.46
EPS Growth	64.65%	-85.77%	15.65%	-	-	-
Free Cash Flow	-252.5	-357.31	56.33	175.79	-138.63	-56.97
Free Cash Flow Per Share	-4.62	-6.60	1.16	4.35	-3.43	-1.41
Dividend Per Share	0.370	0.370	-	-	-	-
Gross Margin	30.54%	29.40%	23.55%	18.49%	16.31%	33.54%
Operating Margin	15.84%	14.87%	13.25%	9.38%	5.34%	14.85%
Profit Margin	19.90%	3.91%	17.66%	13.58%	-0.31%	25.71%
Free Cash Flow Margin	-54.08%	-80.51%	9.11%	30.35%	-39.18%	-24.76%
EBITDA	77.19	68.75	84.01	56.08	20.35	35.68
EBITDA Margin	16.53%	15.49%	13.59%	9.68%	5.75%	15.51%
D&A For EBITDA	3.24	2.73	2.07	1.78	1.45	1.51
EBIT	73.96	66.02	81.94	54.31	18.9	34.17
EBIT Margin	15.84%	14.87%	13.25%	9.38%	5.34%	14.85%
Effective Tax Rate	14.92%	-	18.10%	28.58%	90.24%	23.40%
Revenue as Reported	582.02	456.51	748.5	704.8	390.16	312.64

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