Norstar Holdings Income Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	2,369	2,533	2,438	2,303	2,296	2,406
Other Revenue	200	114	-2	-51	41	-78
Total Revenue	2,569	2,647	2,436	2,252	2,337	2,328
Revenue Growth (YoY	-3.24%	8.66%	8.17%	-3.64%	0.39%	-16.53%
Property Expenses	845	799	771	720	714	760
Selling, General & Administrative	314	328	356	383	350	358
Other Operating Expenses	-300	-64	525	14	9	24
Total Operating Expenses	859	1,063	1,652	1,117	1,073	1,142
Operating Income	1,710	1,584	784	1,135	1,264	1,186
Interest Expense	-650	-622	-561	-500	-731	-726
Interest & Investment Income	106	140	112	86	80	77
Currency Exchange Gain (Loss)	-49	-49	-41	-181	-59	-84
Other Non-Operating Income	-604	-604	-796	-1,469	380	-6
EBT Excluding Unusual Items	513	449	-502	-929	934	447
Impairment of Goodwill	-75	-75	-	-90	-	-
Gain (Loss) on Sale of Investments	-35	-35	3	-171	247	-47
Gain (Loss) on Sale of Assets	-327	-327	-160	-12	-32	6
Asset Writedown	75	38	-767	-450	621	-1,534
Other Unusual Items	-150	34	165	48	-39	-24
Pretax Income	1	84	-1,261	-1,604	1,731	-1,152
Income Tax Expense	130	69	115	-302	695	-146
Earnings From Continuing Operations	-129	15	-1,376	-1,302	1,036	-1,006
Net Income to Company	-129	15	-1,376	-1,302	1,036	-1,006
Minority Interest in Earnings	31	-72	711	534	-682	532
Net Income	-98	-57	-665	-768	354	-474
Preferred Dividends & Other Adjustments	-	-	-	-1	-	-
Net Income to Common	-98	-57	-665	-767	354	-474
Basic Shares Outstanding	63	62	60	35	33	28
Diluted Shares Outstanding	63	62	60	35	33	28
Shares Change (YoY)	2.80%	4.20%	69.95%	8.04%	16.50%	9.57%
EPS (Basic)	-1.55	-0.91	-11.11	-21.79	10.86	-16.95
EPS (Diluted)	-1.55	-0.91	-11.11	-21.79	10.86	-16.98
Dividend Per Share	0.150	0.150	-	-	0.900	0.700
Dividend Growth	-	-	-	-	28.57%	-66.67%
Operating Margin	66.56%	59.84%	32.18%	50.40%	54.09%	50.94%
Profit Margin	-3.82%	-2.15%	-27.30%	-34.06%	15.15%	-20.36%
EBITDA	1,733	1,609	813	1,159	1,291	1,214
EBITDA Margin	67.46%	60.79%	33.37%	51.47%	55.24%	52.15%
D&A For Ebitda	23	25	29	24	27	28
EBIT	1,710	1,584	784	1,135	1,264	1,186
EBIT Margin	66.56%	59.84%	32.18%	50.40%	54.09%	50.94%
Effective Tax Rate	13000.00%	82.14%	-	-	40.15%	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.