Cathay No.1 REIT Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	2016 - 2012
Period Ending	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	2016 - 2012
Rental Revenue	678.53	623.66	724.84	769.61	797.72	Upgrade
Property Management Fees	-	-	-	4.8	7.54	Upgrade
Other Revenue	-	-	2	0.02	-	Upgrade
Total Revenue	678.63	624.75	729.39	777.76	809.93	Upgrade
Revenue Growth (YoY	8.62%	-14.35%	-6.22%	-3.97%	-1.76%	Upgrade
Property Expenses	82.77	79.71	83.6	99.08	104.56	Upgrade
Total Operating Expenses	82.77	79.71	83.6	99.08	104.56	Upgrade
Operating Income	595.85	545.04	645.78	678.69	705.38	Upgrade
EBT Excluding Unusual Items	595.85	545.04	645.78	678.69	705.38	Upgrade
Other Unusual Items	-8.57	-4.78	-13.81	-5.76	-5.24	Upgrade
Pretax Income	587.29	540.26	631.98	672.92	700.13	Upgrade
Income Tax Expense	71.33	69.5	69.65	87.01	89.76	Upgrade
Net Income	515.96	470.76	562.32	585.91	610.37	Upgrade
Net Income to Common	515.96	470.76	562.32	585.91	610.37	Upgrade
Net Income Growth	9.60%	-16.28%	-4.03%	-4.01%	-2.06%	Upgrade
Basic Shares Outstanding	1,393	1,393	1,393	1,393	1,393	Upgrade
Diluted Shares Outstanding	1,393	1,393	1,393	1,393	1,393	Upgrade
EPS (Basic)	0.37	0.34	0.40	0.42	0.44	Upgrade
EPS (Diluted)	0.37	0.34	0.40	0.42	0.44	Upgrade
EPS Growth	9.60%	-16.28%	-4.03%	-4.01%	-2.06%	Upgrade
Dividend Per Share	0.370	0.338	0.404	0.421	0.438	Upgrade
Dividend Growth	9.60%	-16.28%	-4.03%	-4.01%	-2.06%	Upgrade
Operating Margin	87.80%	87.24%	88.54%	87.26%	87.09%	Upgrade
Profit Margin	76.03%	75.35%	77.10%	75.33%	75.36%	Upgrade
EBIT	595.85	545.04	645.78	678.69	705.38	Upgrade
EBIT Margin	87.80%	87.24%	88.54%	87.26%	87.09%	Upgrade
Effective Tax Rate	12.15%	12.86%	11.02%	12.93%	12.82%	Upgrade
Revenue as Reported	678.63	624.75	729.39	777.76	809.93	Upgrade

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