NGX:SFSREIT Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Rental Revenue	716.22	205.9	190.03	178.85	173.96	Upgrade
Other Revenue	-	-	-	0	-	Upgrade
Total Revenue	716.22	382.5	337.76	247.79	232.62	Upgrade
Revenue Growth (YoY	87.25%	13.25%	36.31%	6.52%	3.65%	Upgrade
Property Expenses	42.77	49.56	52.62	39.31	51.63	Upgrade
Selling, General & Administrative	35.62	17.72	16.15	14.75	13.33	Upgrade
Other Operating Expenses	-	3.06	2	-0	-0	Upgrade
Total Operating Expenses	78.39	70.33	70.76	54.06	64.95	Upgrade
Operating Income	637.83	312.17	267	193.72	167.67	Upgrade
Other Non-Operating Income	-3.52	-7.49	-7.16	-7.1	-7.15	Upgrade
EBT Excluding Unusual Items	634.31	304.68	259.84	186.62	160.52	Upgrade
Gain (Loss) on Sale of Assets	-	172.41	57.66	-	-	Upgrade
Pretax Income	634.31	477.09	317.5	186.62	160.52	Upgrade
Net Income	634.31	477.09	317.5	186.62	160.52	Upgrade
Net Income to Common	634.31	477.09	317.5	186.62	160.52	Upgrade
Net Income Growth	32.95%	50.26%	70.13%	16.26%	-8.35%	Upgrade
Basic Shares Outstanding	20	20	20	20	20	Upgrade
Diluted Shares Outstanding	20	20	20	20	20	Upgrade
Shares Change (YoY)	-0.03%	0.05%	-0.04%	-0.06%	0.11%	Upgrade
EPS (Basic)	31.72	23.85	15.88	9.33	8.02	Upgrade
EPS (Diluted)	31.72	23.85	15.88	9.33	8.02	Upgrade
EPS Growth	33.00%	50.19%	70.20%	16.33%	-8.45%	Upgrade
Dividend Per Share	-	21.500	14.500	8.450	7.250	Upgrade
Dividend Growth	-	48.28%	71.60%	16.55%	-10.49%	Upgrade
Operating Margin	89.05%	81.61%	79.05%	78.18%	72.08%	Upgrade
Profit Margin	88.56%	124.73%	94.00%	75.32%	69.00%	Upgrade
EBIT	637.83	312.17	267	193.72	167.67	Upgrade
EBIT Margin	89.05%	81.61%	79.05%	78.18%	72.08%	Upgrade
Revenue as Reported	-	554.91	395.42	247.79	232.62	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.