Newpark REIT Limited (JSE:NRL)

Newpark REIT Income Statement

Financials in millions ZAR. Fiscal year is March - February.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Rental Revenue	130.89	126.67	109.96	111.8	127.13
Other Revenue	-	-	-	-	0.76
Total Revenue	130.89	126.67	109.96	111.8	127.88
Revenue Growth (YoY	3.33%	15.19%	-1.64%	-12.58%	-0.01%
Property Expenses	27.43	30.82	27.63	23.3	32.53
Selling, General & Administrative	6.51	7.29	5.03	5.55	6.13
Other Operating Expenses	-	0	0	0	0.01
Total Operating Expenses	33.94	38.11	32.67	28.85	38.67
Operating Income	96.95	88.56	77.3	82.95	89.22
Interest Expense	-43.09	-40.02	-46.59	-46.34	-44.84
Interest & Investment Income	1.07	0.63	0.32	0.61	1.5
Other Non-Operating Income	-2.53	15.61	20.17	-13.62	-7.95
EBT Excluding Unusual Items	52.4	64.78	51.2	23.6	37.93
Asset Writedown	-274.68	65.87	-24.32	-6.51	-25.77
Pretax Income	-222.28	130.65	26.88	17.09	12.16
Net Income	-222.28	130.65	26.88	17.09	12.16
Net Income to Common	-222.28	130.65	26.88	17.09	12.16
Net Income Growth	-	385.98%	57.34%	40.56%	-83.12%
Basic Shares Outstanding	100	100	100	100	100
Diluted Shares Outstanding	100	100	100	100	100
EPS (Basic)	-2.22	1.31	0.27	0.17	0.12
EPS (Diluted)	-2.22	1.31	0.27	0.17	0.12
EPS Growth	-	386.05%	57.32%	40.56%	-83.12%
Dividend Per Share	0.704	0.672	0.469	0.399	0.401
Dividend Growth	4.73%	43.23%	17.63%	-0.45%	-7.48%
Operating Margin	74.07%	69.91%	70.29%	74.19%	69.76%
Profit Margin	-169.83%	103.14%	24.45%	15.28%	9.50%
EBITDA	97.14	88.75	77.53	83.22	89.57
EBITDA Margin	74.21%	70.06%	70.50%	74.44%	70.04%
D&A For Ebitda	0.19	0.19	0.23	0.27	0.36
EBIT	96.95	88.56	77.3	82.95	89.22
EBIT Margin	74.07%	69.91%	70.29%	74.19%	69.76%
Funds From Operations (FFO)	81.11	67.2	-	-	-
Adjusted Funds From Operations (AFFO)	81.11	67.2	-	-	-
FFO Payout Ratio	95.18%	74.78%	-	-	-

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