Cathay No.1 REIT Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017
Rental Revenue	678.53	623.66	724.84	769.61	797.72
Property Management Fees	-	-	-	4.8	7.54
Other Revenue	-	-	2	0.02	-
Total Revenue	678.63	624.75	729.39	777.76	809.93
Revenue Growth (YoY	8.62%	-14.35%	-6.22%	-3.97%	-1.76%
Property Expenses	82.77	79.71	83.6	99.08	104.56
Total Operating Expenses	82.77	79.71	83.6	99.08	104.56
Operating Income	595.85	545.04	645.78	678.69	705.38
EBT Excluding Unusual Items	595.85	545.04	645.78	678.69	705.38
Other Unusual Items	-8.57	-4.78	-13.81	-5.76	-5.24
Pretax Income	587.29	540.26	631.98	672.92	700.13
Income Tax Expense	71.33	69.5	69.65	87.01	89.76
Net Income	515.96	470.76	562.32	585.91	610.37
Net Income to Common	515.96	470.76	562.32	585.91	610.37
Net Income Growth	9.60%	-16.28%	-4.03%	-4.01%	-2.06%
Basic Shares Outstanding	1,393	1,393	1,393	1,393	1,393
Diluted Shares Outstanding	1,393	1,393	1,393	1,393	1,393
EPS (Basic)	0.37	0.34	0.40	0.42	0.44
EPS (Diluted)	0.37	0.34	0.40	0.42	0.44
EPS Growth	9.60%	-16.28%	-4.03%	-4.01%	-2.06%
Dividend Per Share	0.370	0.338	0.404	0.421	0.438
Dividend Growth	9.60%	-16.28%	-4.03%	-4.01%	-2.06%
Operating Margin	87.80%	87.24%	88.54%	87.26%	87.09%
Profit Margin	76.03%	75.35%	77.10%	75.33%	75.36%
EBIT	595.85	545.04	645.78	678.69	705.38
EBIT Margin	87.80%	87.24%	88.54%	87.26%	87.09%
Effective Tax Rate	12.15%	12.86%	11.02%	12.93%	12.82%
Revenue as Reported	678.63	624.75	729.39	777.76	809.93