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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	138.56	136.84	113.41	95.71	69.99	44.46
Other Revenue	71.07	49.82	9.37	23.58	4.83	8.19
Total Revenue	209.63	186.66	122.78	119.3	74.82	52.64
Revenue Growth (YoY	58.83%	52.03%	2.92%	59.44%	42.13%	24.82%
Property Expenses	101.35	76.2	29.04	27.11	19.06	10.97
Selling, General & Administrative	40.8	41.49	38.5	35.27	21.73	16.92
Other Operating Expenses	16.39	36.25	4.53	-1.86	-2.85	-
Total Operating Expenses	158.54	153.94	72.07	60.52	37.94	27.89
Operating Income	51.09	32.72	50.71	58.78	36.89	24.75
Interest Expense	-113.34	-113.24	-90.7	-60.22	-45.03	-15.59
Interest & Investment Income	3.77	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	-64.66	-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	173.12	179.88	149.49	95.69	143.66	39.78
Pretax Income	109.24	97.13	111.81	93.96	138.8	48.98
Income Tax Expense	25.62	22.25	24.9	13.95	33.24	12.14
Earnings From Continuing Operations	83.62	74.89	86.91	80.01	105.56	36.84
Minority Interest in Earnings	-10.73	-10.89	0.06	0.26	-	-
Net Income	72.89	64	86.97	80.27	105.56	36.84
Net Income to Common	72.89	64	86.97	80.27	105.56	36.84
Net Income Growth	61.80%	-26.41%	8.35%	-23.96%	186.57%	12.14%
Basic Shares Outstanding	157	145	145	145	144	133
Diluted Shares Outstanding	171	159	145	145	147	134
Shares Change (YoY)	16.80%	9.51%	-	-1.26%	10.15%	16.96%
EPS (Basic)	0.46	0.44	0.60	0.55	0.73	0.28
EPS (Diluted)	0.43	0.40	0.60	0.55	0.72	0.28
EPS Growth	38.53%	-32.80%	8.77%	-23.61%	159.07%	-3.31%
Operating Margin	24.37%	17.53%	41.30%	49.27%	49.30%	47.02%
Profit Margin	34.77%	34.29%	70.84%	67.29%	141.08%	69.97%
EBITDA	52.98	34.51	52.36	59.61	38.07	25.35
EBITDA Margin	25.27%	18.49%	42.65%	49.97%	50.89%	48.16%
D&A For Ebitda	1.89	1.79	1.65	0.84	1.19	0.6
EBIT	51.09	32.72	50.71	58.78	36.89	24.75
EBIT Margin	24.37%	17.53%	41.30%	49.27%	49.30%	47.02%
Effective Tax Rate	23.45%	22.91%	22.27%	14.84%	23.95%	24.79%
Revenue as Reported	206.9	182.46	113.41	95.71	-	-

Updated Nov 28, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.