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 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	124.04	113.41	95.71	69.99	44.46	41.24
Other Revenue	22.81	9.37	23.58	4.83	8.19	0.94
Total Revenue	146.85	122.78	119.3	74.82	52.64	42.18
Revenue Growth (YoY	14.27%	2.92%	59.44%	42.13%	24.82%	0.93%
Property Expenses	41.52	29.04	27.11	19.06	10.97	10.01
Selling, General & Administrative	38.61	38.5	35.27	21.73	16.92	16.79
Other Operating Expenses	31.69	4.53	-1.86	-2.85	-	-
Total Operating Expenses	111.83	72.07	60.52	37.94	27.89	26.8
Operating Income	35.03	50.71	58.78	36.89	24.75	15.37
Interest Expense	-109.05	-90.7	-60.22	-45.03	-15.59	-11.36
Interest & Investment Income	3.94	4.55	4.7	3.62	1.32	1.42
Other Non-Operating Income	-2.96	-2.96	-2.97	-0.34	-1.28	-0.1
EBT Excluding Unusual Items	-73.04	-38.4	0.29	-4.86	9.2	5.34
Gain (Loss) on Sale of Investments	0.72	0.72	-2.02	-	-	21.39
Asset Writedown	107.21	149.49	95.69	143.66	39.78	8.58
Pretax Income	34.89	111.81	93.96	138.8	48.98	35.32
Income Tax Expense	7.42	24.9	13.95	33.24	12.14	2.47
Earnings From Continuing Operations	27.47	86.91	80.01	105.56	36.84	32.85
Minority Interest in Earnings	0.05	0.06	0.26	-	-	-
Net Income	27.52	86.97	80.27	105.56	36.84	32.85
Net Income to Common	27.52	86.97	80.27	105.56	36.84	32.85
Net Income Growth	-67.11%	8.35%	-23.96%	186.57%	12.14%	230.33%
Basic Shares Outstanding	147	145	145	144	133	114
Diluted Shares Outstanding	147	145	145	147	134	114
Shares Change (YoY)	0.56%	-	-1.26%	10.15%	16.96%	8.37%
EPS (Basic)	0.19	0.60	0.55	0.73	0.28	0.29
EPS (Diluted)	0.19	0.60	0.55	0.72	0.28	0.29
EPS Growth	-67.17%	8.77%	-23.61%	159.07%	-3.31%	204.82%
Operating Margin	23.85%	41.30%	49.27%	49.30%	47.01%	36.45%
Profit Margin	18.74%	70.84%	67.29%	141.08%	69.97%	77.88%
Free Cash Flow Margin	-50.53%	-55.26%	-6.70%	26.81%	29.45%	39.98%
EBITDA	36.33	52.36	59.61	38.07	25.35	15.73
EBITDA Margin	24.74%	42.65%	49.97%	50.88%	48.16%	37.30%
D&A For Ebitda	1.31	1.65	0.84	1.19	0.6	0.36
EBIT	35.03	50.71	58.78	36.89	24.75	15.37
EBIT Margin	23.85%	41.30%	49.27%	49.30%	47.01%	36.45%
Effective Tax Rate	21.28%	22.27%	14.84%	23.95%	24.79%	6.99%

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