HBR Realty Empreendimentos Imobiliários S.A. (BVMF:HBRE3)

BVMF:HBRE3 Income Statement

Financials in millions BRL. 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	147.89	142.28	137.33	138.8	99.52	83.57
Other Revenue	38.67	19.55	-2.45	-17.22	-16.73	8.34
Total Revenue	186.56	161.83	134.88	121.58	82.79	91.91
Revenue Growth (YoY	34.87%	19.98%	10.93%	46.86%	-9.93%	-36.65%
Property Expenses	61.38	33	29.1	22.3	14.05	11.97
Selling, General & Administrative	47.57	49.55	45.99	32.81	28.13	26.36
Other Operating Expenses	3.93	2.06	10.52	1.03	-15.89	4.17
Total Operating Expenses	112.87	84.61	85.62	56.14	26.29	42.49
Operating Income	73.69	77.22	49.26	65.45	56.5	49.42
Interest Expense	-169.19	-143.8	-122.68	-121.75	-123.44	-70.99
Interest & Investment Income	17.68	17.06	28.01	44.37	24.25	2.33
Other Non-Operating Income	-5.27	-2.88	-2.13	-	-	-1.57
EBT Excluding Unusual Items	-83.09	-52.4	-47.55	-11.94	-42.69	-20.81
Gain (Loss) on Sale of Investments	15.55	15.55	-3.78	-	-	0.03
Asset Writedown	193	189.16	388.18	159.13	253.04	37.91
Total Legal Settlements	-	-	-	-	-	0.08
Pretax Income	125.46	152.31	336.85	147.2	210.35	17.21
Income Tax Expense	18.97	16.79	69.64	26.72	29.87	44.61
Earnings From Continuing Operations	106.49	135.52	267.22	120.48	180.48	-27.4
Minority Interest in Earnings	-84.63	-87.88	-135.4	-57.45	-24.32	6.6
Net Income	21.86	47.65	131.82	63.04	156.16	-20.8
Net Income to Common	21.86	47.65	131.82	63.04	156.16	-20.8
Net Income Growth	-79.88%	-63.85%	109.11%	-59.63%	-	-
Basic Shares Outstanding	103	103	103	103	103	65
Diluted Shares Outstanding	103	103	103	103	103	65
Shares Change (YoY)	-	-	-	-	58.78%	3.60%
EPS (Basic)	0.21	0.46	1.28	0.61	1.51	-0.32
EPS (Diluted)	0.21	0.46	1.28	0.61	1.51	-0.32
EPS Growth	-79.88%	-63.85%	109.11%	-59.63%	-	-
Operating Margin	39.50%	47.72%	36.52%	53.83%	68.25%	53.77%
Profit Margin	11.72%	29.44%	97.73%	51.85%	188.63%	-22.63%
EBITDA	79.5	81.76	51.23	66.36	57.12	49.94
EBITDA Margin	42.61%	50.52%	37.99%	54.58%	69.00%	54.34%
D&A For Ebitda	5.81	4.54	1.98	0.92	0.62	0.52
EBIT	73.69	77.22	49.26	65.45	56.5	49.42
EBIT Margin	39.50%	47.72%	36.52%	53.83%	68.25%	53.77%
Effective Tax Rate	15.12%	11.02%	20.67%	18.15%	14.20%	259.20%
Revenue as Reported	195.13	162.98	153.38	140.87	87.9	77.33

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.