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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	129.12	113.41	95.71	69.99	44.46	41.24
Other Revenue	52.61	9.37	23.58	4.83	8.19	0.94
Total Revenue	181.72	122.78	119.3	74.82	52.64	42.18
Revenue Growth (YoY	59.63%	2.92%	59.44%	42.13%	24.82%	0.93%
Property Expenses	74.35	29.04	27.11	19.06	10.97	10.01
Selling, General & Administrative	37.38	38.5	35.27	21.73	16.92	16.79
Other Operating Expenses	30.91	4.53	-1.86	-2.85	-	-
Total Operating Expenses	142.64	72.07	60.52	37.94	27.89	26.8
Operating Income	39.09	50.71	58.78	36.89	24.75	15.37
Interest Expense	-120.19	-90.7	-60.22	-45.03	-15.59	-11.36
Interest & Investment Income	5.3	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	-78.75	-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	207.09	149.49	95.69	143.66	39.78	8.58
Pretax Income	129.05	111.81	93.96	138.8	48.98	35.32
Income Tax Expense	30.9	24.9	13.95	33.24	12.14	2.47
Earnings From Continuing Operations	98.15	86.91	80.01	105.56	36.84	32.85
Minority Interest in Earnings	-12.19	0.06	0.26	-	-	-
Net Income	85.96	86.97	80.27	105.56	36.84	32.85
Net Income to Common	85.96	86.97	80.27	105.56	36.84	32.85
Net Income Growth	17.17%	8.35%	-23.96%	186.57%	12.14%	230.33%
Basic Shares Outstanding	124	145	145	144	133	114
Diluted Shares Outstanding	124	145	145	147	134	114
Shares Change (YoY)	-15.04%	-	-1.26%	10.15%	16.96%	8.37%
EPS (Basic)	0.69	0.60	0.55	0.73	0.28	0.29
EPS (Diluted)	0.69	0.60	0.55	0.72	0.28	0.29
EPS Growth	38.50%	8.77%	-23.61%	159.07%	-3.31%	204.82%
Operating Margin	21.51%	41.30%	49.27%	49.30%	47.01%	36.45%
Profit Margin	47.30%	70.84%	67.29%	141.08%	69.97%	77.88%
Free Cash Flow Margin	-22.70%	-55.26%	-6.70%	26.81%	29.45%	39.98%
EBITDA	40.26	52.36	59.61	38.07	25.35	15.73
EBITDA Margin	22.15%	42.65%	49.97%	50.88%	48.16%	37.30%
D&A For Ebitda	1.17	1.65	0.84	1.19	0.6	0.36
EBIT	39.09	50.71	58.78	36.89	24.75	15.37
EBIT Margin	21.51%	41.30%	49.27%	49.30%	47.01%	36.45%
Effective Tax Rate	23.95%	22.27%	14.84%	23.95%	24.79%	6.99%

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