Income Statement Public Property Invest ASA

Equities

PUBLI

NO0013178616

Real Estate Development & Operations

Real-time Oslo Bors Other stock markets 09:20:50 2025-02-14 am EST			5-day change	1st Jan Change
18.73 ^NOK	-0.58%		+2.02%	+5.17%

Feb. 13	Public Property Invest ASA, Q4 2024 Earnings Call, Feb 13, 2025
Feb. 13	Public Property Invest increases income from property management, proposes dividend, parallel listing in Stockholm	FW

fabef7f73ca16bc4d96f0ea96f84.-xt6vdH9Jd6KWr-NKALx2dMg29ii7AO5CuMWXwcY-UY.nmsf1peuQYjbFYbYdzKBs-Rx7fXEjjfhRNRiCEFNkC6YLjjKq4kIvLw0iw

Published financial data: PUBLIC PROPERTY INVEST ASA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023
Rental Revenues	67.9M	505M	575M
Other Revenues, Total	-	-	1M
Total Revenues	67.9M	505M	576M
Property Expenses	1.2M	25.59M	75M
Selling General & Admin Expenses, Total	-	-	31M
Depreciation & Amortization - (IS) - (Collected)	21.87M	211M	-
Other Operating Expenses	10.32M	72.82M	-
Total Operating Expenses	33.39M	309M	106M
Operating Income (REIT / Utility Template)	34.51M	196M	470M
Interest Expense, Total	-52.55M	-226M	-278M
Interest and Investment Income	119K	2.16M	6M
Net Interest Expenses	-52.43M	-224M	-272M
Other Non Operating Income (Expenses)	-333K	155K	-24M
EBT, Excl. Unusual Items	-18.26M	-27.99M	174M
Asset Writedown	-	-188M	-1.14B
EBT, Incl. Unusual Items	-18.26M	-216M	-969M
Income Tax Expense	-4.09M	-47.58M	-69M
Earnings From Continuing Operations	-14.17M	-168M	-900M
Net Income to Company	-14.17M	-168M	-900M
Net Income - (IS)	-14.17M	-168M	-900M
Net Income to Common Incl Extra Items	-14.17M	-168M	-900M
Net Income to Common Excl. Extra Items	-14.17M	-168M	-900M
Per Share Items
Net EPS - Basic	-5.99	-46.79	-250.24
Basic EPS - Continuing Operations	-5.99	-46.79	-250.24
Basic Weighted Average Shares Outstanding	2.37M	3.6M	3.6M
Net EPS - Diluted	-5.99	-46.79	-250.24
Diluted EPS - Continuing Operations	-5.99	-46.79	-250.24
Diluted Weighted Average Shares Outstanding	2.37M	3.6M	3.6M
Normalized Basic EPS	-4.82	-4.86	30.24
Normalized Diluted EPS	-4.82	-4.86	30.24
Supplemental Items
EBITDA	56.38M	407M	681M
EBITA	34.51M	196M	470M
EBIT	34.51M	196M	470M
Total Revenues (As Reported)	68.58M	506M	576M
Effective Tax Rate - (Ratio)	22.39	22.04	7.12
Total Deferred Taxes	-4.09M	-47.58M	-69M
Normalized Net Income	-11.41M	-17.49M	109M
Interest on Long-Term Debt	38.42M	132M	9M
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	31M
Maintenance & Repair Expenses, Total	1.2M	25.59M	38M

Fiscal Period: December	2021	2022	2023
Assets
Gross Property Plant And Equipment	8.48B	10.8B	-
Accumulated Depreciation	-21.87M	-233M	-
Net Property Plant And Equipment	8.46B	10.57B	8.34B
Total Real Estate Assets	8.46B	10.57B	8.34B
Cash And Equivalents	202M	177M	123M
Accounts Receivable, Total	5.98M	12.58M	5M
Other Receivables	12.35M	20.06M	15M
Investment In Debt and Equity Securities	20.6K	-	37M
Other Current Assets, Total	294M	-	-
Other Long-Term Assets, Total	7.53M	6.6M	6M
Total Assets	8.98B	10.79B	8.52B
Liabilities
Current Portion of Long-Term Debt	290M	-	2.15B
Long-Term Debt	4.42B	5.69B	3.39B
Accounts Payable, Total	150M	20.56M	17M
Accrued Expenses, Total	37.76M	23.53M	1M
Current Income Taxes Payable	227K	-	-
Unearned Revenue, Current	11.4M	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	178M	41.89M	26M
Deferred Tax Liability Non-Current	981M	1.54B	66M
Other Non Current Liabilities	154M	39.95M	23M
Total Liabilities	6.22B	7.36B	5.67B
Common Stock, Total	2.37M	3.6M	4M
Additional Paid In Capital	2.32B	3.59B	3.59B
Retained Earnings	-2.78M	-170M	-745M
Comprehensive Income and Other	379M	-	-
Total Common Equity	2.7B	3.42B	2.85B
Minority Interest	63.8M	-	-
Total Equity	2.76B	3.42B	2.85B
Total Liabilities And Equity	8.98B	10.79B	8.52B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.37M	3.6M	3.6M
ECS Total Common Shares Outstanding	2.37M	3.6M	3.6M
Book Value / Share	1.14K	952.12	792.42
Tangible Book Value	2.7B	3.42B	2.85B
Tangible Book Value Per Share	1.14K	952.12	792.42
Total Debt	4.71B	5.69B	5.54B
Net Debt	4.51B	5.52B	5.42B
Minority Interest, Total (Incl. Fin. Div)	63.8M	-	-
Account Code - Inventory Valuation	3	3	3
Land - (BS)	999M	1.32B	-
Buildings, Total	7.01B	8.99B	-
Machinery, Total	462M	466M	-
Full Time Employees	1	1	1

Fiscal Period: December	2021	2022	2023
Net Income	-14.17M	-168M	-900M
Depreciation, Depletion & Amortization	21.87M	211M	-
Total Depreciation, Depletion & Amortization	21.87M	211M	-
Total Asset Writedown	-	188M	1.14B
Change in Other Net Operating Assets (Collected)	79.08M	-81.37M	-33M
Other Operating Activities	-4.09M	-27.72M	227M
Cash from Operations	82.7M	121M	437M
Acquisition of Real Estate Assets, Total	-4.02B	-1.88B	-32M
Net Sale / Acquisition of Real Estate Assets	-4.02B	-1.88B	-32M
Other Investing Activities, Total	-	-	6M
Cash from Investing	-4.02B	-1.88B	-26M
Long-Term Debt Issued, Total	2.42B	1.27B	616M
Total Debt Issued	2.42B	1.27B	616M
Long-Term Debt Repaid, Total	-	-290M	-828M
Total Debt Repaid	-	-290M	-828M
Issuance of Common Stock	1.79B	868M	-
Repurchase of Common Stock	-33.43K	-	-
Other Financing Activities, Total	-72.65M	-122M	-254M
Cash from Financing	4.14B	1.73B	-466M
Miscellaneous Cash Flow Adjustments	-	-	1M
Net Change in Cash	202M	-25.47M	-54M
Supplemental Items
Cash Interest Paid	-	-	253M
Cash Income Tax Paid (Refund)	-	227K	-
Net Debt Issued / Repaid	2.42B	984M	-212M
Levered Free Cash Flow	-	180M	90M
Unlevered Free Cash Flow	-	321M	264M
Change In Net Working Capital	-	11.89M	30M

Fiscal Period: December	2021	2022	2023
Profitability
Return on Assets	-	1.24	3.23
Return on Total Capital	-	1.48	3.29
Return On Equity %	-	-5.44	-27.27
Return on Common Equity	-	-5.5	-27.27
Margin Analysis
Gross Profit Margin %	98.23	94.93	86.98
SG&A Margin	1.79	0.85	5.38
EBITDA Margin %	83.03	80.52	118.2
EBITA Margin %	50.82	38.78	81.6
EBIT Margin %	50.82	38.78	81.6
Income From Continuing Operations Margin %	-20.87	-33.32	-156.25
Net Income Margin %	-20.87	-33.32	-156.25
Net Avail. For Common Margin %	-20.87	-33.32	-156.25
Normalized Net Income Margin	-16.81	-3.46	18.88
Levered Free Cash Flow Margin	-	35.63	15.62
Unlevered Free Cash Flow Margin	-	63.62	45.79
Asset Turnover
Asset Turnover	-	0.05	0.06
Fixed Assets Turnover	-	0.05	0.06
Receivables Turnover (Average Receivables)	-	54.43	63.89
Short Term Liquidity
Current Ratio	0.77	2.43	0.07
Quick Ratio	0.33	2.43	0.07
Operating Cash Flow to Current Liabilities	0.12	1.41	0.2
Days Sales Outstanding (Average Receivables)	-	6.71	5.71
Average Days Payable Outstanding	-	1.22K	92.47
Long Term Solvency
Total Debt/Equity	170.47	166.25	194.35
Total Debt / Total Capital	63.03	62.44	66.03
LT Debt/Equity	159.97	166.25	118.84
Long-Term Debt / Total Capital	59.14	62.44	40.37
Total Liabilities / Total Assets	69.25	68.25	66.56
EBIT / Interest Expense	0.66	0.87	1.69
EBITDA / Interest Expense	1.07	1.8	2.45
(EBITDA - Capex) / Interest Expense	1.07	1.8	2.45
Total Debt / EBITDA	83.51	14	8.14
Net Debt / EBITDA	79.93	13.57	7.96
Total Debt / (EBITDA - Capex)	83.51	14	8.14
Net Debt / (EBITDA - Capex)	79.93	13.57	7.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	643.89	14.51
Gross Profit, 1 Yr. Growth %	-	606.2	13.86
EBITDA, 1 Yr. Growth %	-	621.35	10.56
EBITA, 1 Yr. Growth %	-	467.64	16.05
EBIT, 1 Yr. Growth %	-	467.64	16.05
Earnings From Cont. Operations, 1 Yr. Growth %	-	1.09K	44.46
Net Income, 1 Yr. Growth %	-	1.09K	44.46
Diluted EPS Before Extra, 1 Yr. Growth %	-	680.95	32.87
Normalized Net Income, 1 Yr. Growth %	-	53.3	-16.75
Net Property, Plant and Equip., 1 Yr. Growth %	-	24.94	-11.76
Accounts Receivable, 1 Yr. Growth %	-	110.25	-61.54
Total Assets, 1 Yr. Growth %	-	20.09	-12.06
Common Equity, 1 Yr. Growth %	-	26.92	-24
Tangible Book Value, 1 Yr. Growth %	-	26.92	-24
Cash From Operations, 1 Yr. Growth %	-	46.68	35.71
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-10.01
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	9.04
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	191.26
Gross Profit, 2 Yr. CAGR %	-	-	171.64
EBITDA, 2 Yr. CAGR %	-	-	247.5
EBITA, 2 Yr. CAGR %	-	-	269.06
EBIT, 2 Yr. CAGR %	-	-	269.06
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	696.93
Net Income, 2 Yr. CAGR %	-	-	696.93
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	546.28
Normalized Net Income, 2 Yr. CAGR %	-	-	208.7
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-0.74
Accounts Receivable, 2 Yr. CAGR %	-	-	-8.57
Total Assets, 2 Yr. CAGR %	-	-	-2.6
Common Equity, 2 Yr. CAGR %	-	-	2.78
Tangible Book Value, 2 Yr. CAGR %	-	-	2.78
Cash From Operations, 2 Yr. CAGR %	-	-	129.88