First Real Estate Investment Trust
SGX:AW9U
Income Statement
Earnings Waterfall
First Real Estate Investment Trust
Revenue
|
108.6m
SGD
|
Cost of Revenue
|
-13.7m
SGD
|
Gross Profit
|
94.9m
SGD
|
Operating Expenses
|
-1.5m
SGD
|
Operating Income
|
93.4m
SGD
|
Other Expenses
|
-31.7m
SGD
|
Net Income
|
61.7m
SGD
|
Income Statement
First Real Estate Investment Trust
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 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
54
N/A
|
55
+2%
|
56
+1%
|
56
+1%
|
58
+3%
|
61
+6%
|
67
+10%
|
76
+13%
|
83
+10%
|
88
+6%
|
91
+3%
|
92
+1%
|
93
+1%
|
96
+2%
|
97
+2%
|
99
+1%
|
101
+2%
|
102
+2%
|
104
+2%
|
106
+2%
|
107
+1%
|
108
+1%
|
109
+1%
|
109
+1%
|
111
+1%
|
113
+1%
|
114
+1%
|
115
+1%
|
116
+1%
|
116
0%
|
116
+0%
|
116
0%
|
115
0%
|
96
-17%
|
80
-17%
|
80
+0%
|
102
+28%
|
117
+15%
|
111
-5%
|
111
+0%
|
109
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(10)
|
(11)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(15)
|
(14)
|
(13)
|
(12)
|
(11)
|
(12)
|
(12)
|
(13)
|
(14)
|
(14)
|
|
Gross Profit |
48
N/A
|
49
+2%
|
50
+2%
|
50
+1%
|
51
+3%
|
54
+6%
|
59
+9%
|
66
+11%
|
72
+9%
|
76
+6%
|
79
+4%
|
81
+2%
|
82
+2%
|
84
+2%
|
86
+2%
|
87
+2%
|
89
+2%
|
91
+2%
|
92
+2%
|
94
+2%
|
95
+1%
|
95
+1%
|
96
+1%
|
97
+1%
|
98
+1%
|
100
+1%
|
101
+1%
|
102
+1%
|
103
+0%
|
102
0%
|
102
0%
|
101
-1%
|
101
0%
|
83
-18%
|
68
-19%
|
69
+1%
|
91
+32%
|
105
+15%
|
98
-7%
|
98
0%
|
95
-3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2)
|
(1)
|
(2)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(2)
|
(4)
|
(1)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(6)
|
(5)
|
(2)
|
(1)
|
(2)
|
(3)
|
(1)
|
|
Other Operating Expenses |
(2)
|
(1)
|
(2)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(2)
|
(4)
|
(1)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(6)
|
(5)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
|
Operating Income |
46
N/A
|
48
+3%
|
48
+1%
|
50
+5%
|
51
+2%
|
53
+4%
|
58
+9%
|
65
+11%
|
70
+9%
|
75
+7%
|
78
+4%
|
79
+2%
|
81
+2%
|
81
+0%
|
84
+3%
|
84
+0%
|
88
+5%
|
88
+1%
|
89
+1%
|
92
+3%
|
92
0%
|
93
+2%
|
95
+1%
|
95
+1%
|
96
+1%
|
98
+2%
|
98
0%
|
99
+1%
|
101
+2%
|
100
-1%
|
101
+1%
|
100
-1%
|
100
0%
|
81
-19%
|
62
-24%
|
63
+2%
|
89
+40%
|
104
+18%
|
96
-8%
|
95
-1%
|
93
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
14
|
10
|
10
|
10
|
27
|
26
|
52
|
(10)
|
49
|
(14)
|
25
|
24
|
32
|
32
|
26
|
27
|
9
|
7
|
6
|
5
|
(28)
|
(25)
|
(25)
|
(24)
|
(2)
|
(4)
|
(4)
|
(5)
|
(27)
|
(26)
|
(26)
|
(26)
|
(25)
|
(27)
|
(420)
|
(415)
|
(14)
|
(25)
|
(43)
|
(44)
|
(15)
|
|
Non-Reccuring Items |
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
|
1
|
0
|
(1)
|
0
|
0
|
|
Total Other Income |
2
|
1
|
2
|
0
|
0
|
1
|
1
|
59
|
2
|
61
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
(0)
|
2
|
2
|
0
|
2
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
61
N/A
|
58
-4%
|
58
+0%
|
61
+4%
|
78
+29%
|
79
+1%
|
110
+39%
|
113
+3%
|
119
+5%
|
123
+3%
|
103
-16%
|
104
+1%
|
113
+8%
|
114
+1%
|
110
-4%
|
111
+1%
|
96
-13%
|
95
-1%
|
95
+0%
|
97
+2%
|
64
-34%
|
68
+6%
|
70
+2%
|
71
+2%
|
94
+32%
|
94
+1%
|
94
0%
|
94
0%
|
75
-20%
|
74
-1%
|
75
+1%
|
74
0%
|
75
+1%
|
54
-28%
|
(358)
N/A
|
(352)
+2%
|
76
N/A
|
79
+4%
|
52
-34%
|
51
-2%
|
78
+54%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(10)
|
(11)
|
(11)
|
(11)
|
(13)
|
(13)
|
(14)
|
(15)
|
(2)
|
(2)
|
(5)
|
(5)
|
(22)
|
(22)
|
(21)
|
(21)
|
(28)
|
(29)
|
(29)
|
(30)
|
(24)
|
(24)
|
(24)
|
(24)
|
(20)
|
(20)
|
(21)
|
(21)
|
1
|
1
|
1
|
1
|
(26)
|
(24)
|
6
|
6
|
(13)
|
(15)
|
(18)
|
(17)
|
(15)
|
|
Income from Continuing Operations |
51
|
47
|
47
|
50
|
65
|
66
|
96
|
98
|
118
|
120
|
98
|
99
|
91
|
91
|
89
|
90
|
68
|
66
|
66
|
67
|
40
|
44
|
46
|
47
|
73
|
74
|
73
|
73
|
76
|
75
|
76
|
75
|
49
|
31
|
(352)
|
(346)
|
63
|
64
|
34
|
33
|
63
|
|
Net Income (Common) |
51
N/A
|
47
-7%
|
47
+0%
|
50
+5%
|
65
+32%
|
66
+1%
|
96
+46%
|
98
+2%
|
118
+20%
|
120
+2%
|
98
-19%
|
99
+1%
|
91
-8%
|
91
+1%
|
89
-3%
|
90
+1%
|
68
-25%
|
66
-3%
|
66
+0%
|
66
+0%
|
39
-42%
|
42
+8%
|
42
+1%
|
43
+2%
|
70
+62%
|
71
+1%
|
70
-1%
|
70
-1%
|
72
+4%
|
72
-1%
|
72
+0%
|
72
-1%
|
46
-37%
|
27
-40%
|
(356)
N/A
|
(349)
+2%
|
60
N/A
|
61
+1%
|
31
-49%
|
31
+1%
|
62
+96%
|
|
EPS (Diluted) |
0.07
N/A
|
0.07
N/A
|
0.07
N/A
|
0.08
+14%
|
0.11
+38%
|
0.11
N/A
|
0.16
+45%
|
0.13
-19%
|
0.18
+38%
|
0.18
N/A
|
0.14
-22%
|
0.14
N/A
|
0.13
-7%
|
0.13
N/A
|
0.13
N/A
|
0.13
N/A
|
0.09
-31%
|
0.09
N/A
|
0.09
N/A
|
0.09
N/A
|
0.05
-44%
|
0.06
+20%
|
0.06
N/A
|
0.06
N/A
|
0.09
+50%
|
0.09
N/A
|
0.09
N/A
|
0.09
N/A
|
0.09
N/A
|
0.09
N/A
|
0.09
N/A
|
0.09
N/A
|
0.06
-33%
|
0.03
-50%
|
-0.44
N/A
|
-0.25
+43%
|
0.04
N/A
|
0.04
N/A
|
0.02
-50%
|
0.02
N/A
|
0.03
+50%
|