Menivim - The New Reit Ltd (TLV: MNRT)

Menivim - The New Reit 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	218.85	200.59	166.73	123.78	112	58.23
Other Revenue	-	-	-	-	-13.88	-
Total Revenue	218.85	200.59	166.73	123.78	98.12	58.23
Revenue Growth (YoY	18.05%	20.30%	34.70%	26.15%	68.49%	24.56%
Property Expenses	31.53	30.83	46.14	17.87	58.42	8.61
Selling, General & Administrative	26.85	26.29	25.09	19.82	20.24	11.07
Total Operating Expenses	58.38	57.12	71.24	37.69	78.66	19.68
Operating Income	160.46	143.47	95.5	86.09	19.46	38.56
Interest Expense	-33.35	-26.96	-16.67	-14.9	-13.18	-10.26
Interest & Investment Income	10.28	8.41	1.68	0.29	0.2	0.28
Other Non-Operating Income	-46.25	-46.25	-57.88	-17.23	1.66	-1.03
EBT Excluding Unusual Items	91.14	78.67	22.63	54.26	8.14	27.54
Asset Writedown	45.89	70.14	123.56	105.08	-5.86	51.93
Other Unusual Items	-12.8	-0.81	-2.21	-0.58	-	-
Pretax Income	124.23	148	143.98	158.76	2.28	79.47
Net Income	124.23	148	143.98	158.76	2.28	79.47
Net Income to Common	124.23	148	143.98	158.76	2.28	79.47
Net Income Growth	-31.43%	2.79%	-9.31%	6872.42%	-97.13%	570.04%
Basic Shares Outstanding	722	686	688	627	508	286
Diluted Shares Outstanding	722	687	689	630	509	286
Shares Change (YoY)	-0.76%	-0.41%	9.38%	23.93%	77.58%	59.32%
EPS (Basic)	0.17	0.22	0.21	0.25	0.00	0.28
EPS (Diluted)	0.17	0.22	0.21	0.25	0.00	0.28
EPS Growth	-30.99%	3.09%	-16.33%	5485.34%	-98.39%	320.76%
Dividend Per Share	0.119	0.117	0.107	0.089	0.086	-
Dividend Growth	4.35%	9.04%	19.97%	3.73%	-	-
Operating Margin	73.32%	71.52%	57.27%	69.55%	19.83%	66.21%
Profit Margin	56.77%	73.78%	86.35%	128.26%	2.32%	136.47%
Free Cash Flow Margin	79.71%	80.98%	74.55%	75.87%	89.41%	69.97%
EBIT	160.46	143.47	95.5	86.09	19.46	38.56
EBIT Margin	73.32%	71.52%	57.27%	69.55%	19.83%	66.21%

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