Cathay No.2 REIT (TPE:01007T)

Cathay No.2 REIT Income Statement

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

Fiscal Year	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Rental Revenue	450.59	434.26	427.6	395.54	418.27
Property Management Fees	34.16	33.25	33.34	31.92	31.68
Other Revenue	1.3	2.66	2.03	0.04	0.48
Total Revenue	488.89	471.79	465.53	430.36	453.05
Revenue Growth (YoY	3.62%	1.34%	8.17%	-5.01%	-0.14%
Property Expenses	23.12	21.53	21.2	21.89	20.12
Selling, General & Administrative	37.92	33.69	33.19	32.97	32.45
Other Operating Expenses	47.42	45.9	46.16	45.31	45.52
Total Operating Expenses	108.46	101.12	100.55	100.17	98.08
Operating Income	380.43	370.67	364.98	330.19	354.96
Other Non-Operating Income	-40.16	-41.19	-40.59	-43.54	-38.73
EBT Excluding Unusual Items	340.26	329.48	324.39	286.65	316.24
Pretax Income	340.26	329.48	324.39	286.65	316.24
Net Income	340.26	329.48	324.39	286.65	316.24
Net Income to Common	340.26	329.48	324.39	286.65	316.24
Net Income Growth	3.27%	1.57%	13.17%	-9.36%	-0.19%
Basic Shares Outstanding	720	720	720	720	720
Diluted Shares Outstanding	720	720	720	720	720
EPS (Basic)	0.47	0.46	0.45	0.40	0.44
EPS (Diluted)	0.47	0.46	0.45	0.40	0.44
EPS Growth	3.27%	1.57%	13.17%	-9.36%	-0.19%
Dividend Per Share	0.473	0.458	0.451	-	-
Dividend Growth	3.27%	1.57%	-	-	-
Operating Margin	77.81%	78.57%	78.40%	76.72%	78.35%
Profit Margin	69.60%	69.84%	69.68%	66.61%	69.80%
EBIT	380.43	370.67	364.98	330.19	354.96
EBIT Margin	77.81%	78.57%	78.40%	76.72%	78.35%
Revenue as Reported	488.89	471.79	465.53	430.36	453.05

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.