Manulife US Real Estate Investment Trust
SGX:BTOU
Income Statement
Earnings Waterfall
Manulife US Real Estate Investment Trust
Revenue
|
208m
USD
|
Cost of Revenue
|
-101.5m
USD
|
Gross Profit
|
106.5m
USD
|
Operating Expenses
|
-3.4m
USD
|
Operating Income
|
103.1m
USD
|
Other Expenses
|
-483m
USD
|
Net Income
|
-380m
USD
|
Income Statement
Manulife US Real Estate Investment Trust
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 |
82
N/A
|
92
+12%
|
103
+12%
|
116
+12%
|
133
+15%
|
145
+8%
|
153
+6%
|
164
+7%
|
170
+3%
|
178
+5%
|
193
+9%
|
194
+1%
|
186
-4%
|
185
-1%
|
195
+5%
|
203
+4%
|
202
0%
|
208
+3%
|
|
Gross Profit | |||||||||||||||||||
Cost of Revenue |
(34)
|
(39)
|
(44)
|
(49)
|
(57)
|
(61)
|
(65)
|
(69)
|
(72)
|
(77)
|
(83)
|
(88)
|
(85)
|
(84)
|
(93)
|
(98)
|
(99)
|
(102)
|
|
Gross Profit |
48
N/A
|
54
+12%
|
60
+12%
|
67
+12%
|
77
+15%
|
83
+9%
|
88
+6%
|
95
+7%
|
98
+3%
|
101
+3%
|
110
+9%
|
107
-3%
|
101
-5%
|
101
0%
|
102
+1%
|
104
+2%
|
103
-1%
|
107
+4%
|
|
Operating Income | |||||||||||||||||||
Operating Expenses |
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
Selling, General & Administrative |
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(3)
|
|
Other Operating Expenses |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Operating Income |
46
N/A
|
52
+12%
|
58
+12%
|
64
+12%
|
74
+15%
|
81
+9%
|
86
+6%
|
93
+7%
|
95
+3%
|
98
+3%
|
107
+9%
|
104
-3%
|
98
-5%
|
98
-1%
|
99
+1%
|
101
+2%
|
100
-1%
|
103
+3%
|
|
Pre-Tax Income | |||||||||||||||||||
Interest Income Expense |
30
|
22
|
20
|
9
|
6
|
(2)
|
(4)
|
(32)
|
(35)
|
(40)
|
(118)
|
(170)
|
(111)
|
(57)
|
10
|
(249)
|
(582)
|
(500)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
76
N/A
|
74
-3%
|
78
+5%
|
73
-6%
|
80
+9%
|
79
-1%
|
83
+4%
|
60
-27%
|
60
0%
|
58
-4%
|
(12)
N/A
|
(66)
-463%
|
(13)
+81%
|
41
N/A
|
108
+167%
|
(148)
N/A
|
(482)
-226%
|
(397)
+18%
|
|
Net Income | |||||||||||||||||||
Tax Provision |
(19)
|
(16)
|
(17)
|
(15)
|
(17)
|
(15)
|
(16)
|
(10)
|
(10)
|
(10)
|
7
|
23
|
12
|
(1)
|
(13)
|
18
|
42
|
17
|
|
Income from Continuing Operations |
57
|
58
|
61
|
59
|
63
|
65
|
67
|
51
|
50
|
48
|
(5)
|
(43)
|
(1)
|
39
|
95
|
(130)
|
(440)
|
(380)
|
|
Net Income (Common) |
57
N/A
|
58
+2%
|
61
+5%
|
59
-4%
|
63
+7%
|
65
+2%
|
67
+3%
|
51
-24%
|
50
-1%
|
48
-5%
|
(5)
N/A
|
(43)
-822%
|
(1)
+98%
|
39
N/A
|
95
+142%
|
(130)
N/A
|
(440)
-239%
|
(380)
+14%
|
|
EPS (Diluted) |
0.08
N/A
|
0.07
-13%
|
0.07
N/A
|
0.06
-14%
|
0.06
N/A
|
0.05
-17%
|
0.06
+20%
|
0.04
-33%
|
0.04
N/A
|
0.03
-25%
|
0
N/A
|
-0.03
N/A
|
0
N/A
|
0.02
N/A
|
0.06
+200%
|
-0.07
N/A
|
-0.25
-257%
|
-0.21
+16%
|