Rani Zim Shopping Centers Ltd (TLV:RANI)

Rani Zim Shopping Centers Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	138.7	136.84	113.41	95.71	69.99	44.46
Other Revenue	64.12	49.82	9.37	23.58	4.83	8.19
Total Revenue	202.83	186.66	122.78	119.3	74.82	52.64
Revenue Growth (YoY	39.26%	52.03%	2.92%	59.44%	42.13%	24.82%
Property Expenses	100.92	76.2	29.04	27.11	19.06	10.97
Selling, General & Administrative	40.15	41.49	38.5	35.27	21.73	16.92
Other Operating Expenses	9.48	36.25	4.53	-1.86	-2.85	-
Total Operating Expenses	150.55	153.94	72.07	60.52	37.94	27.89
Operating Income	52.28	32.72	50.71	58.78	36.89	24.75
Interest Expense	-107.68	-113.24	-90.7	-60.22	-45.03	-15.59
Interest & Investment Income	3.18	3.18	4.55	4.7	3.62	1.32
Other Non-Operating Income	-6.61	-6.18	-2.96	-2.97	-0.34	-1.28
EBT Excluding Unusual Items	3.08	-83.52	-38.4	0.29	-4.86	9.2
Gain (Loss) on Sale of Investments	0.78	0.78	0.72	-2.02	-	-
Asset Writedown	141.85	179.88	149.49	95.69	143.66	39.78
Pretax Income	145.71	97.13	111.81	93.96	138.8	48.98
Income Tax Expense	33.39	22.25	24.9	13.95	33.24	12.14
Earnings From Continuing Operations	112.32	74.89	86.91	80.01	105.56	36.84
Minority Interest in Earnings	-10.89	-10.89	0.06	0.26	-	-
Net Income	101.43	64	86.97	80.27	105.56	36.84
Net Income to Common	101.43	64	86.97	80.27	105.56	36.84
Net Income Growth	268.62%	-26.41%	8.35%	-23.96%	186.57%	12.14%
Basic Shares Outstanding	156	145	145	145	144	133
Diluted Shares Outstanding	179	159	145	145	147	134
Shares Change (YoY)	21.43%	9.51%	-	-1.26%	10.15%	16.96%
EPS (Basic)	0.65	0.44	0.60	0.55	0.73	0.28
EPS (Diluted)	0.57	0.40	0.60	0.55	0.72	0.28
EPS Growth	203.57%	-32.80%	8.77%	-23.61%	159.07%	-3.31%
Operating Margin	25.77%	17.53%	41.30%	49.27%	49.30%	47.02%
Profit Margin	50.01%	34.29%	70.84%	67.29%	141.08%	69.97%
EBITDA	54.97	34.51	52.36	59.61	38.07	25.35
EBITDA Margin	27.10%	18.49%	42.65%	49.97%	50.89%	48.16%
D&A For Ebitda	2.69	1.79	1.65	0.84	1.19	0.6
EBIT	52.28	32.72	50.71	58.78	36.89	24.75
EBIT Margin	25.77%	17.53%	41.30%	49.27%	49.30%	47.02%
Effective Tax Rate	22.91%	22.91%	22.27%	14.84%	23.95%	24.79%
Revenue as Reported	198.63	182.46	113.41	95.71	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.