Deutsche Real Estate AG
F:DRE2
Income Statement
Earnings Waterfall
Deutsche Real Estate AG
Income Statement
Deutsche Real Estate AG
| Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Interest Expense |
12
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
2
|
0
|
|
| Revenue |
260
N/A
|
234
-10%
|
94
-60%
|
69
-27%
|
58
-16%
|
59
+2%
|
40
-33%
|
36
-9%
|
24
-33%
|
25
+5%
|
27
+8%
|
28
+3%
|
27
-2%
|
29
+5%
|
|
| Gross Profit | |||||||||||||||
| Cost of Revenue |
(7)
|
(8)
|
(8)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(9)
|
(8)
|
(8)
|
(9)
|
|
| Gross Profit |
253
N/A
|
226
-11%
|
86
-62%
|
62
-29%
|
52
-15%
|
53
+2%
|
34
-36%
|
29
-13%
|
18
-40%
|
18
0%
|
18
+4%
|
19
+6%
|
20
+1%
|
20
+1%
|
|
| Operating Income | |||||||||||||||
| Operating Expenses |
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(5)
|
(6)
|
(5)
|
(6)
|
|
| Selling, General & Administrative |
(4)
|
(5)
|
(5)
|
(4)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
|
| Other Operating Expenses |
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(2)
|
(1)
|
(1)
|
|
| Operating Income |
248
N/A
|
221
-11%
|
81
-63%
|
56
-31%
|
46
-17%
|
48
+3%
|
29
-40%
|
24
-16%
|
12
-48%
|
13
+5%
|
14
+3%
|
13
-4%
|
15
+13%
|
14
-1%
|
|
| Pre-Tax Income | |||||||||||||||
| Interest Income Expense |
(14)
|
(9)
|
(7)
|
(3)
|
(10)
|
(14)
|
(3)
|
1
|
(30)
|
(73)
|
(63)
|
(20)
|
(10)
|
(11)
|
|
| Non-Reccuring Items |
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(1)
|
0
|
(1)
|
0
|
|
| Pre-Tax Income |
235
N/A
|
212
-10%
|
74
-65%
|
53
-28%
|
36
-32%
|
34
-6%
|
25
-26%
|
25
-1%
|
(18)
N/A
|
(60)
-239%
|
(51)
+14%
|
(7)
+86%
|
4
N/A
|
4
-7%
|
|
| Net Income | |||||||||||||||
| Tax Provision |
(37)
|
(32)
|
(12)
|
(9)
|
(6)
|
(5)
|
(4)
|
(4)
|
3
|
9
|
8
|
1
|
(1)
|
(0)
|
|
| Income from Continuing Operations |
198
|
179
|
62
|
44
|
30
|
29
|
21
|
21
|
(15)
|
(50)
|
(43)
|
(6)
|
3
|
3
|
|
| Income to Minority Interest |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
|
| Net Income (Common) |
198
N/A
|
179
-10%
|
62
-65%
|
44
-29%
|
30
-32%
|
29
-6%
|
21
-26%
|
21
-2%
|
(15)
N/A
|
(50)
-241%
|
(43)
+14%
|
(6)
+86%
|
3
N/A
|
3
-4%
|
|
| EPS (Diluted) |
9.63
N/A
|
8.7
-10%
|
3.03
-65%
|
2.16
-29%
|
1.47
-32%
|
1.39
-5%
|
1.03
-26%
|
1.02
-1%
|
-0.72
N/A
|
-2.45
-240%
|
-2.11
+14%
|
-0.29
+86%
|
0.16
N/A
|
0.15
-6%
|
|