Norstar Holdings Income Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	2,299	2,533	2,438	2,303	2,296
Other Revenue	263	114	-2	-51	41
Total Revenue	2,562	2,647	2,436	2,252	2,337
Revenue Growth (YoY	-3.21%	8.66%	8.17%	-3.64%	0.39%
Property Expenses	867	799	771	720	714
Selling, General & Administrative	299	328	356	383	350
Other Operating Expenses	35	12	530	14	9
Total Operating Expenses	1,201	1,139	1,657	1,117	1,073
Operating Income	1,361	1,508	779	1,135	1,264
Interest Expense	-838	-913	-891	-500	-731
Interest & Investment Income	93	140	112	86	80
Currency Exchange Gain (Loss)	-210	3	-160	-181	-59
Other Non-Operating Income	-286	-365	-347	-1,469	380
EBT Excluding Unusual Items	120	373	-507	-929	934
Impairment of Goodwill	-	-75	-	-90	-
Gain (Loss) on Sale of Investments	-83	-35	3	-171	247
Gain (Loss) on Sale of Assets	-147	-442	-160	-12	-32
Asset Writedown	674	38	-767	-450	621
Other Unusual Items	53	225	170	48	-39
Pretax Income	617	84	-1,261	-1,604	1,731
Income Tax Expense	286	69	115	-302	695
Earnings From Continuing Operations	331	15	-1,376	-1,302	1,036
Net Income to Company	331	15	-1,376	-1,302	1,036
Minority Interest in Earnings	-354	-72	711	534	-682
Net Income	-23	-57	-665	-768	354
Preferred Dividends & Other Adjustments	-	-	-	-1	-
Net Income to Common	-23	-57	-665	-767	354
Basic Shares Outstanding	62	62	60	35	33
Diluted Shares Outstanding	62	62	60	35	33
Shares Change (YoY)	0.01%	4.20%	69.95%	8.04%	16.50%
EPS (Basic)	-0.37	-0.91	-11.11	-21.79	10.86
EPS (Diluted)	-0.37	-0.91	-11.11	-21.79	10.86
Dividend Per Share	-	0.150	-	-	0.900
Dividend Growth	-	-	-	-	28.57%
Operating Margin	53.12%	56.97%	31.98%	50.40%	54.09%
Profit Margin	-0.90%	-2.15%	-27.30%	-34.06%	15.15%
EBITDA	1,383	1,533	808	1,159	1,291
EBITDA Margin	53.98%	57.92%	33.17%	51.47%	55.24%
D&A For Ebitda	22	25	29	24	27
EBIT	1,361	1,508	779	1,135	1,264
EBIT Margin	53.12%	56.97%	31.98%	50.40%	54.09%
Effective Tax Rate	46.35%	82.14%	-	-	40.15%

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