SFS Real Estate Investment Trust Fund (NGX:SFSREIT)

NGX:SFSREIT Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	205.9	205.9	190.03	178.85	173.96	96.24
Other Revenue	17.57	-	-	0	-	-
Total Revenue	400.08	382.5	337.76	247.79	232.62	224.44
Revenue Growth (YoY	15.62%	13.25%	36.31%	6.52%	3.65%	1.40%
Property Expenses	50.4	49.56	52.62	39.31	51.63	54.81
Selling, General & Administrative	26.11	17.72	16.15	14.75	13.33	9.86
Other Operating Expenses	3.06	3.06	2	-0	-0	-0
Total Operating Expenses	79.57	70.33	70.76	54.06	64.95	64.67
Operating Income	320.51	312.17	267	193.72	167.67	159.77
Other Non-Operating Income	-7.49	-7.49	-7.16	-7.1	-7.15	-4.52
EBT Excluding Unusual Items	313.02	304.68	259.84	186.62	160.52	155.26
Gain (Loss) on Sale of Assets	172.41	172.41	57.66	-	-	19.88
Pretax Income	485.43	477.09	317.5	186.62	160.52	175.14
Net Income	485.43	477.09	317.5	186.62	160.52	175.14
Net Income to Common	485.43	477.09	317.5	186.62	160.52	175.14
Net Income Growth	50.32%	50.26%	70.13%	16.26%	-8.35%	8.03%
Basic Shares Outstanding	20	20	20	20	20	20
Diluted Shares Outstanding	20	20	20	20	20	20
Shares Change (YoY)	0.16%	0.05%	-0.04%	-0.06%	0.11%	0.02%
EPS (Basic)	24.26	23.85	15.88	9.33	8.02	8.76
EPS (Diluted)	24.26	23.85	15.88	9.33	8.02	8.76
EPS Growth	50.08%	50.19%	70.20%	16.33%	-8.45%	8.02%
Dividend Per Share	21.500	21.500	14.500	8.450	7.250	8.100
Dividend Growth	48.28%	48.28%	71.60%	16.55%	-10.49%	10.96%
Operating Margin	80.11%	81.61%	79.05%	78.18%	72.08%	71.19%
Profit Margin	121.33%	124.73%	94.00%	75.32%	69.00%	78.03%
EBIT	320.51	312.17	267	193.72	167.67	159.77
EBIT Margin	80.11%	81.61%	79.05%	78.18%	72.08%	71.19%
Revenue as Reported	554.91	554.91	395.42	247.79	232.62	244.32

Updated Jan 15, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.