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	126.04	49.82	9.37	23.58	4.83	8.19
Total Revenue	264.74	186.66	122.78	119.3	74.82	52.64
Revenue Growth (YoY	80.27%	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	114.19	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	2.75	3.18	4.55	4.7	3.62	1.32
Other Non-Operating Income	-6.18	-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	-10.47	-10.89	0.06	0.26	-	-
Net Income	101.85	64	86.97	80.27	105.56	36.84
Net Income to Common	101.85	64	86.97	80.27	105.56	36.84
Net Income Growth	270.11%	-26.41%	8.35%	-23.96%	186.57%	12.14%
Basic Shares Outstanding	162	145	145	145	144	133
Diluted Shares Outstanding	181	159	145	145	147	134
Shares Change (YoY)	23.00%	9.51%	-	-1.26%	10.15%	16.96%
EPS (Basic)	0.63	0.44	0.60	0.55	0.73	0.28
EPS (Diluted)	0.56	0.40	0.60	0.55	0.72	0.28
EPS Growth	200.91%	-32.80%	8.77%	-23.61%	159.07%	-3.31%
Operating Margin	43.13%	17.53%	41.30%	49.27%	49.30%	47.02%
Profit Margin	38.47%	34.29%	70.84%	67.29%	141.08%	69.97%
EBITDA	116.89	34.51	52.36	59.61	38.07	25.35
EBITDA Margin	44.15%	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	114.19	32.72	50.71	58.78	36.89	24.75
EBIT Margin	43.13%	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.