Menivim - The New Reit Ltd (TLV:MNRT)

Menivim - The New Reit Income Statement

Financials in millions ILS. 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	247.4	237.11	200.59	166.73	123.78	112
Other Revenue	-	-	-	-	-	-13.88
Total Revenue	247.4	237.11	200.59	166.73	123.78	98.12
Revenue Growth (YoY	13.05%	18.21%	20.30%	34.70%	26.15%	68.49%
Property Expenses	42.66	41.65	30.83	46.14	17.87	58.42
Selling, General & Administrative	29.89	27.93	26.29	25.09	19.82	20.24
Total Operating Expenses	72.55	69.57	57.12	71.24	37.69	78.66
Operating Income	174.86	167.54	143.47	95.5	86.09	19.46
Interest Expense	-35.03	-38.19	-26.96	-16.67	-14.9	-13.18
Interest & Investment Income	9.8	12.01	8.41	1.68	0.29	0.2
Other Non-Operating Income	-60.03	-60.03	-46.25	-57.88	-17.23	1.66
EBT Excluding Unusual Items	89.6	81.34	78.67	22.63	54.26	8.14
Asset Writedown	63.68	41.63	70.14	123.56	105.08	-5.86
Other Unusual Items	9.07	0.04	-0.81	-2.21	-0.58	-
Pretax Income	162.35	123	148	143.98	158.76	2.28
Net Income	162.35	123	148	143.98	158.76	2.28
Net Income to Common	162.35	123	148	143.98	158.76	2.28
Net Income Growth	30.69%	-16.89%	2.79%	-9.31%	6872.42%	-97.14%
Basic Shares Outstanding	724	731	686	688	627	508
Diluted Shares Outstanding	725	732	687	689	630	509
Shares Change (YoY)	0.40%	6.53%	-0.41%	9.38%	23.93%	77.59%
EPS (Basic)	0.22	0.17	0.22	0.21	0.25	0.00
EPS (Diluted)	0.22	0.17	0.22	0.21	0.25	0.00
EPS Growth	30.22%	-21.96%	3.09%	-16.33%	5485.34%	-98.39%
Dividend Per Share	0.128	0.123	0.115	0.107	0.089	0.086
Dividend Growth	8.41%	7.32%	7.29%	19.97%	3.74%	-
Operating Margin	70.68%	70.66%	71.52%	57.27%	69.55%	19.83%
Profit Margin	65.62%	51.88%	73.78%	86.35%	128.26%	2.32%
EBIT	174.86	167.54	143.47	95.5	86.09	19.46
EBIT Margin	70.68%	70.66%	71.52%	57.27%	69.55%	19.83%

Updated Nov 21, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.