AmFIRST Real Estate Investment Trust
KLSE:AMFIRST
Income Statement
Earnings Waterfall
AmFIRST Real Estate Investment Trust
Income Statement
AmFIRST Real Estate Investment Trust
| Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
6
|
9
|
12
|
15
|
17
|
16
|
15
|
14
|
13
|
14
|
14
|
14
|
14
|
15
|
16
|
17
|
20
|
21
|
21
|
21
|
20
|
19
|
19
|
20
|
19
|
19
|
20
|
20
|
21
|
22
|
23
|
24
|
27
|
30
|
33
|
36
|
36
|
36
|
37
|
37
|
37
|
38
|
38
|
39
|
39
|
39
|
39
|
38
|
38
|
36
|
34
|
31
|
29
|
28
|
27
|
27
|
27
|
27
|
28
|
30
|
31
|
33
|
34
|
34
|
34
|
34
|
34
|
34
|
33
|
0
|
0
|
|
| Revenue |
58
N/A
|
68
+17%
|
75
+12%
|
84
+11%
|
93
+11%
|
94
+1%
|
96
+2%
|
97
+1%
|
98
+1%
|
100
+1%
|
97
-2%
|
95
-3%
|
89
-7%
|
86
-3%
|
88
+2%
|
90
+3%
|
98
+9%
|
102
+4%
|
105
+3%
|
108
+3%
|
110
+1%
|
112
+2%
|
113
+1%
|
113
+0%
|
113
0%
|
112
-1%
|
111
-1%
|
110
-1%
|
107
-2%
|
104
-2%
|
102
-2%
|
99
-3%
|
100
+0%
|
103
+3%
|
106
+3%
|
109
+3%
|
112
+2%
|
112
+0%
|
112
0%
|
114
+2%
|
114
+0%
|
115
+0%
|
116
+1%
|
116
+0%
|
121
+4%
|
122
+0%
|
122
+0%
|
121
-1%
|
121
0%
|
118
-2%
|
118
-1%
|
116
-1%
|
107
-8%
|
106
-1%
|
101
-4%
|
100
-2%
|
100
0%
|
99
0%
|
102
+3%
|
102
+0%
|
103
+1%
|
103
0%
|
102
-1%
|
101
0%
|
101
0%
|
102
+1%
|
103
+0%
|
105
+2%
|
105
+0%
|
107
+2%
|
107
+1%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(17)
|
(21)
|
(25)
|
(28)
|
(32)
|
(33)
|
(34)
|
(34)
|
(35)
|
(34)
|
(33)
|
(33)
|
(32)
|
(32)
|
(31)
|
(31)
|
(32)
|
(34)
|
(35)
|
(36)
|
(36)
|
(36)
|
(36)
|
(36)
|
(36)
|
(37)
|
(38)
|
(39)
|
(40)
|
(40)
|
(40)
|
(39)
|
(39)
|
(40)
|
(39)
|
(39)
|
(39)
|
(38)
|
(38)
|
(38)
|
(38)
|
(38)
|
(38)
|
(40)
|
(41)
|
(43)
|
(44)
|
(44)
|
(44)
|
(44)
|
(44)
|
(42)
|
(42)
|
(42)
|
(42)
|
(43)
|
(40)
|
(41)
|
(42)
|
(43)
|
(45)
|
(44)
|
(43)
|
(43)
|
(44)
|
(45)
|
(45)
|
(45)
|
(44)
|
(44)
|
(45)
|
|
| Gross Profit |
41
N/A
|
46
+14%
|
51
+9%
|
55
+9%
|
61
+11%
|
61
+0%
|
62
+1%
|
63
+2%
|
64
+0%
|
66
+4%
|
64
-3%
|
62
-4%
|
57
-9%
|
54
-4%
|
56
+4%
|
59
+5%
|
66
+11%
|
68
+4%
|
70
+3%
|
73
+3%
|
74
+2%
|
76
+2%
|
76
+1%
|
77
+1%
|
77
-1%
|
75
-2%
|
73
-2%
|
70
-4%
|
67
-5%
|
65
-3%
|
62
-4%
|
60
-3%
|
61
+2%
|
63
+3%
|
67
+5%
|
70
+6%
|
73
+4%
|
74
+1%
|
74
+0%
|
76
+2%
|
76
+1%
|
77
+1%
|
77
+1%
|
76
-2%
|
80
+5%
|
79
-1%
|
78
-1%
|
78
-1%
|
77
-1%
|
75
-2%
|
74
-1%
|
74
-1%
|
65
-12%
|
64
-1%
|
59
-8%
|
57
-4%
|
59
+4%
|
58
-2%
|
60
+3%
|
59
-1%
|
59
-1%
|
59
0%
|
59
0%
|
58
0%
|
57
-2%
|
58
+1%
|
58
0%
|
59
+2%
|
61
+3%
|
63
+3%
|
63
0%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(4)
|
(4)
|
(5)
|
(5)
|
(7)
|
(7)
|
(8)
|
(10)
|
(9)
|
(12)
|
(11)
|
(10)
|
(6)
|
2
|
0
|
(2)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(8)
|
(8)
|
(8)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(10)
|
(6)
|
(6)
|
(5)
|
(5)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
|
| Selling, General & Administrative |
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(8)
|
(8)
|
(7)
|
(6)
|
(7)
|
(5)
|
(4)
|
(4)
|
(7)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
|
| Other Operating Expenses |
(1)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(6)
|
(6)
|
(4)
|
(1)
|
8
|
6
|
2
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(4)
|
(4)
|
(3)
|
(3)
|
1
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Operating Income |
37
N/A
|
42
+15%
|
46
+8%
|
50
+9%
|
54
+9%
|
54
-1%
|
54
+1%
|
54
-1%
|
54
+1%
|
54
0%
|
53
-2%
|
52
-2%
|
51
-3%
|
57
+12%
|
57
0%
|
57
+1%
|
60
+4%
|
62
+3%
|
64
+4%
|
66
+3%
|
66
+1%
|
68
+2%
|
69
+1%
|
70
+1%
|
69
-1%
|
68
-2%
|
66
-2%
|
63
-5%
|
59
-6%
|
56
-5%
|
54
-4%
|
52
-3%
|
53
+2%
|
56
+6%
|
58
+3%
|
62
+6%
|
64
+4%
|
65
+2%
|
66
+1%
|
67
+2%
|
68
+1%
|
68
+0%
|
69
+1%
|
67
-2%
|
72
+6%
|
71
-1%
|
70
-1%
|
69
-1%
|
68
-2%
|
66
-3%
|
64
-2%
|
63
-2%
|
54
-15%
|
53
-2%
|
49
-8%
|
47
-3%
|
53
+12%
|
52
-1%
|
55
+4%
|
54
-1%
|
52
-4%
|
51
0%
|
51
-1%
|
51
-1%
|
49
-2%
|
50
+2%
|
50
0%
|
51
+2%
|
53
+3%
|
54
+3%
|
54
0%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(6)
|
(9)
|
(12)
|
(15)
|
125
|
126
|
127
|
128
|
(0)
|
(1)
|
(1)
|
(2)
|
(11)
|
(12)
|
(13)
|
(14)
|
(8)
|
(9)
|
(9)
|
(8)
|
(15)
|
(13)
|
(13)
|
(14)
|
(6)
|
(7)
|
(7)
|
(8)
|
(21)
|
(21)
|
(21)
|
(23)
|
15
|
11
|
6
|
7
|
(42)
|
(43)
|
(41)
|
(43)
|
(56)
|
(56)
|
(57)
|
(58)
|
(49)
|
(49)
|
(49)
|
(49)
|
(42)
|
(42)
|
(41)
|
(39)
|
(51)
|
(50)
|
(49)
|
(49)
|
(49)
|
(49)
|
(48)
|
(55)
|
(37)
|
(39)
|
(40)
|
(37)
|
(25)
|
(25)
|
(27)
|
(25)
|
(28)
|
(30)
|
(28)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
4
|
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
31
N/A
|
33
+7%
|
34
+2%
|
35
+3%
|
179
+411%
|
180
+1%
|
182
+1%
|
182
+0%
|
54
-70%
|
53
-1%
|
54
+1%
|
54
+1%
|
45
-17%
|
45
-1%
|
44
-3%
|
43
-1%
|
52
+20%
|
53
+1%
|
55
+5%
|
57
+4%
|
52
-10%
|
55
+6%
|
55
+0%
|
56
+1%
|
63
+13%
|
61
-4%
|
59
-3%
|
55
-6%
|
38
-31%
|
35
-10%
|
33
-5%
|
29
-12%
|
68
+136%
|
68
-1%
|
64
-5%
|
68
+7%
|
22
-67%
|
23
+1%
|
25
+9%
|
24
-1%
|
11
-53%
|
12
+5%
|
12
-1%
|
9
-21%
|
22
+140%
|
22
-1%
|
21
-4%
|
21
-2%
|
26
+25%
|
23
-10%
|
23
0%
|
24
+3%
|
2
-90%
|
3
+33%
|
(0)
N/A
|
(2)
-542%
|
5
N/A
|
4
-16%
|
2
-51%
|
(1)
N/A
|
14
N/A
|
13
-12%
|
15
+22%
|
13
-12%
|
24
+81%
|
25
+3%
|
24
-6%
|
27
+14%
|
25
-8%
|
25
+0%
|
27
+8%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
31
|
33
|
34
|
35
|
179
|
180
|
182
|
182
|
54
|
53
|
54
|
54
|
45
|
45
|
44
|
43
|
52
|
53
|
55
|
57
|
52
|
55
|
55
|
56
|
63
|
61
|
59
|
55
|
38
|
35
|
33
|
29
|
68
|
68
|
64
|
68
|
22
|
23
|
25
|
24
|
11
|
12
|
12
|
9
|
22
|
22
|
21
|
21
|
24
|
21
|
21
|
22
|
3
|
4
|
0
|
(1)
|
5
|
5
|
3
|
0
|
14
|
12
|
15
|
13
|
26
|
26
|
25
|
28
|
25
|
25
|
27
|
|
| Net Income (Common) |
31
N/A
|
33
+7%
|
34
+2%
|
35
+3%
|
179
+411%
|
180
+1%
|
182
+1%
|
182
+0%
|
54
-70%
|
53
-1%
|
54
+1%
|
54
+1%
|
45
-17%
|
45
-1%
|
44
-3%
|
43
-1%
|
52
+20%
|
53
+1%
|
55
+5%
|
57
+4%
|
52
-10%
|
55
+6%
|
55
+0%
|
56
+1%
|
63
+13%
|
61
-4%
|
59
-3%
|
55
-6%
|
38
-31%
|
35
-10%
|
33
-5%
|
29
-12%
|
68
+136%
|
68
-1%
|
64
-5%
|
68
+7%
|
22
-67%
|
23
+1%
|
25
+9%
|
24
-1%
|
11
-53%
|
12
+5%
|
12
-1%
|
9
-21%
|
22
+140%
|
22
-1%
|
21
-4%
|
21
-2%
|
24
+13%
|
21
-11%
|
21
0%
|
22
+3%
|
3
-87%
|
4
+28%
|
0
-97%
|
(1)
N/A
|
5
N/A
|
5
-13%
|
3
-41%
|
0
-100%
|
14
+141 884%
|
12
-12%
|
15
+22%
|
13
-12%
|
26
+90%
|
26
+3%
|
25
-6%
|
28
+13%
|
25
-12%
|
25
+0%
|
27
+8%
|
|
| EPS (Diluted) |
0.07
N/A
|
0.08
+14%
|
0.08
N/A
|
0.08
N/A
|
0.38
+375%
|
0.38
N/A
|
0.38
N/A
|
0.38
N/A
|
0.11
-71%
|
0.11
N/A
|
0.11
N/A
|
0.11
N/A
|
0.1
-9%
|
0.09
-10%
|
0.09
N/A
|
0.09
N/A
|
0.11
+22%
|
0.11
N/A
|
0.11
N/A
|
0.08
-27%
|
0.09
+12%
|
0.09
N/A
|
0.09
N/A
|
0.09
N/A
|
0.09
N/A
|
0.1
+11%
|
0.1
N/A
|
0.09
-10%
|
0.06
-33%
|
0.05
-17%
|
0.04
-20%
|
0.04
N/A
|
0.1
+150%
|
0.1
N/A
|
0.1
N/A
|
0.1
N/A
|
0.03
-70%
|
0.03
N/A
|
0.03
N/A
|
0.03
N/A
|
0.02
-33%
|
0.01
-50%
|
0.01
N/A
|
0.01
N/A
|
0.03
+200%
|
0.03
N/A
|
0.03
N/A
|
0.03
N/A
|
0.03
N/A
|
0.04
+33%
|
0.04
N/A
|
0.04
N/A
|
0
N/A
|
0.01
N/A
|
0
N/A
|
0
N/A
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0
N/A
|
0.02
N/A
|
0.01
-50%
|
0.02
+100%
|
0.02
N/A
|
0.04
+100%
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
|