Rani Zim Shopping Centers Ltd (TLV:RANI)

Rani Zim Shopping Centers Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	136.84	113.41	95.71	69.99	44.46
Other Revenue	49.82	9.37	23.58	4.83	8.19
Total Revenue	186.66	122.78	119.3	74.82	52.64
Revenue Growth (YoY	52.03%	2.92%	59.44%	42.13%	24.82%
Property Expenses	76.2	29.04	27.11	19.06	10.97
Selling, General & Administrative	41.49	38.5	35.27	21.73	16.92
Other Operating Expenses	36.25	4.53	-1.86	-2.85	-
Total Operating Expenses	153.94	72.07	60.52	37.94	27.89
Operating Income	32.72	50.71	58.78	36.89	24.75
Interest Expense	-113.24	-90.7	-60.22	-45.03	-15.59
Interest & Investment Income	3.18	4.55	4.7	3.62	1.32
Other Non-Operating Income	-6.18	-2.96	-2.97	-0.34	-1.28
EBT Excluding Unusual Items	-83.52	-38.4	0.29	-4.86	9.2
Gain (Loss) on Sale of Investments	0.78	0.72	-2.02	-	-
Asset Writedown	179.88	149.49	95.69	143.66	39.78
Pretax Income	97.13	111.81	93.96	138.8	48.98
Income Tax Expense	22.25	24.9	13.95	33.24	12.14
Earnings From Continuing Operations	74.89	86.91	80.01	105.56	36.84
Minority Interest in Earnings	-10.89	0.06	0.26	-	-
Net Income	64	86.97	80.27	105.56	36.84
Net Income to Common	64	86.97	80.27	105.56	36.84
Net Income Growth	-26.41%	8.35%	-23.96%	186.57%	12.14%
Basic Shares Outstanding	145	145	145	144	133
Diluted Shares Outstanding	159	145	145	147	134
Shares Change (YoY)	9.51%	-	-1.26%	10.15%	16.96%
EPS (Basic)	0.44	0.60	0.55	0.73	0.28
EPS (Diluted)	0.40	0.60	0.55	0.72	0.28
EPS Growth	-32.80%	8.77%	-23.61%	159.07%	-3.31%
Operating Margin	17.53%	41.30%	49.27%	49.30%	47.02%
Profit Margin	34.29%	70.84%	67.29%	141.08%	69.97%
EBITDA	34.51	52.36	59.61	38.07	25.35
EBITDA Margin	18.49%	42.65%	49.97%	50.89%	48.16%
D&A For Ebitda	1.79	1.65	0.84	1.19	0.6
EBIT	32.72	50.71	58.78	36.89	24.75
EBIT Margin	17.53%	41.30%	49.27%	49.30%	47.02%
Effective Tax Rate	22.91%	22.27%	14.84%	23.95%	24.79%
Revenue as Reported	182.46	113.41	95.71	-	-

Updated Nov 28, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.