Property For Industry Income Statement

Financials in millions NZD. Fiscal year is July - June.

Millions NZD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2016 - 2020
Rental Revenue	127.46	114.16	114.79	110.91	108.65	Upgrade
Total Revenue	127.46	114.16	114.79	110.91	108.65	Upgrade
Revenue Growth (YoY	11.64%	-0.54%	3.50%	2.08%	11.56%	Upgrade
Property Expenses	21.9	19.79	22.7	17.6	16.75	Upgrade
Selling, General & Administrative	11.16	12.19	10.34	8.51	7.47	Upgrade
Total Operating Expenses	33.06	31.99	33.03	26.11	24.22	Upgrade
Operating Income	94.39	82.18	81.76	84.8	84.44	Upgrade
Interest Expense	-46.97	-22	-39.31	-6.1	-7.84	Upgrade
Interest & Investment Income	0.11	0.12	0.11	0.01	0	Upgrade
EBT Excluding Unusual Items	47.53	60.3	42.56	78.71	76.6	Upgrade
Impairment of Goodwill	-	-	-	-29.09	-	Upgrade
Gain (Loss) on Sale of Assets	-0.05	-1.05	-1.86	0.58	2.64	Upgrade
Total Insurance Settlements	0.05	0.03	1.37	-	1.07	Upgrade
Asset Writedown	70.74	-8.33	-140.83	-56.74	392.52	Upgrade
Pretax Income	118.27	50.95	-98.76	-6.53	472.83	Upgrade
Income Tax Expense	12.25	8.59	-0.96	7.41	20.02	Upgrade
Net Income	106.02	42.36	-97.79	-13.94	452.81	Upgrade
Net Income to Common	106.02	42.36	-97.79	-13.94	452.81	Upgrade
Net Income Growth	150.28%	-	-	-	299.12%	Upgrade
Basic Shares Outstanding	502	502	502	505	503	Upgrade
Diluted Shares Outstanding	502	502	502	505	503	Upgrade
Shares Change (YoY)	0.00%	0.05%	-0.52%	0.27%	0.73%	Upgrade
EPS (Basic)	0.21	0.08	-0.19	-0.03	0.90	Upgrade
EPS (Diluted)	0.21	0.08	-0.19	-0.03	0.90	Upgrade
EPS Growth	150.13%	-	-	-	296.30%	Upgrade
Dividend Per Share	0.086	0.083	0.083	0.081	0.079	Upgrade
Dividend Growth	3.61%	-	2.47%	2.53%	2.60%	Upgrade
Operating Margin	74.06%	71.98%	71.22%	76.46%	77.71%	Upgrade
Profit Margin	83.18%	37.11%	-85.19%	-12.57%	416.75%	Upgrade
EBITDA	94.61	82.39	82.01	84.88	84.52	Upgrade
EBITDA Margin	74.23%	72.17%	71.44%	76.53%	77.79%	Upgrade
D&A For Ebitda	0.22	0.21	0.25	0.08	0.08	Upgrade
EBIT	94.39	82.18	81.76	84.8	84.44	Upgrade
EBIT Margin	74.06%	71.98%	71.22%	76.46%	77.71%	Upgrade
Funds From Operations (FFO)	53.68	101.81	-	51.55	55.72	Upgrade
Adjusted Funds From Operations (AFFO)	48.18	-	44.8	44.58	46.75	Upgrade
FFO Payout Ratio	77.66%	43.41%	-	77.37%	48.58%	Upgrade
Effective Tax Rate	10.35%	16.86%	-	-	4.23%	Upgrade
Revenue as Reported	-	-	-	-	517.15	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.