Lar Espana Real Estate SOCIMI SA
MAD:LRE
Income Statement
Earnings Waterfall
Lar Espana Real Estate SOCIMI SA
Income Statement
Lar Espana Real Estate SOCIMI SA
| 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 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
12
|
0
|
0
|
0
|
12
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
17
|
0
|
0
|
0
|
25
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
14
|
0
|
0
|
0
|
|
| Revenue |
15
N/A
|
22
+45%
|
28
+30%
|
36
+26%
|
42
+18%
|
49
+15%
|
54
+12%
|
60
+11%
|
65
+8%
|
71
+9%
|
75
+6%
|
78
+3%
|
79
+2%
|
80
+1%
|
79
-1%
|
78
-1%
|
96
+24%
|
115
+19%
|
115
+0%
|
81
-30%
|
124
+53%
|
110
-12%
|
114
+4%
|
93
-18%
|
90
-4%
|
84
-6%
|
80
-5%
|
76
-5%
|
76
0%
|
78
+3%
|
80
+2%
|
80
+1%
|
84
+5%
|
87
+3%
|
88
+1%
|
91
+4%
|
90
-1%
|
90
0%
|
90
+1%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(9)
|
(11)
|
(12)
|
(20)
|
(22)
|
(24)
|
(26)
|
(46)
|
(48)
|
(50)
|
(57)
|
(35)
|
(53)
|
(56)
|
(54)
|
(54)
|
(48)
|
(53)
|
(48)
|
(23)
|
(38)
|
(26)
|
(28)
|
(21)
|
(29)
|
(32)
|
(32)
|
(27)
|
(25)
|
(26)
|
(23)
|
(20)
|
(24)
|
(23)
|
(25)
|
(27)
|
(27)
|
(26)
|
(25)
|
|
| Gross Profit |
6
N/A
|
11
+81%
|
17
+53%
|
16
-3%
|
20
+24%
|
24
+22%
|
28
+17%
|
15
-48%
|
18
+20%
|
21
+17%
|
18
-12%
|
43
+138%
|
26
-39%
|
24
-9%
|
24
+2%
|
24
-2%
|
49
+102%
|
62
+27%
|
67
+10%
|
58
-14%
|
86
+49%
|
84
-3%
|
86
+2%
|
72
-16%
|
60
-16%
|
52
-14%
|
48
-7%
|
49
+2%
|
51
+3%
|
52
+3%
|
56
+8%
|
61
+7%
|
61
+1%
|
64
+5%
|
63
-1%
|
65
+2%
|
63
-2%
|
64
+1%
|
65
+1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
0
|
13
|
15
|
3
|
36
|
53
|
33
|
3
|
85
|
103
|
48
|
1
|
50
|
5
|
2
|
2
|
3
|
3
|
3
|
1
|
4
|
4
|
4
|
(2)
|
3
|
3
|
3
|
1
|
2
|
2
|
2
|
(1)
|
3
|
3
|
3
|
1
|
(37)
|
1
|
2
|
|
| Selling, General & Administrative |
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(3)
|
(1)
|
(1)
|
(1)
|
(6)
|
(0)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(4)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
|
| Depreciation & Amortization |
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
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
13
|
15
|
3
|
37
|
54
|
33
|
5
|
87
|
104
|
50
|
3
|
51
|
6
|
4
|
4
|
4
|
4
|
4
|
3
|
5
|
4
|
4
|
4
|
3
|
4
|
4
|
3
|
3
|
3
|
3
|
3
|
4
|
4
|
4
|
4
|
(36)
|
2
|
3
|
|
| Operating Income |
6
N/A
|
24
+271%
|
31
+32%
|
19
-40%
|
56
+198%
|
77
+38%
|
61
-21%
|
18
-70%
|
103
+469%
|
123
+20%
|
66
-46%
|
44
-33%
|
76
+72%
|
29
-62%
|
26
-8%
|
26
-3%
|
52
+103%
|
64
+23%
|
70
+9%
|
58
-17%
|
90
+55%
|
88
-3%
|
90
+2%
|
70
-22%
|
63
-9%
|
55
-13%
|
52
-6%
|
51
-2%
|
53
+5%
|
55
+3%
|
59
+7%
|
60
+2%
|
64
+6%
|
67
+5%
|
66
-1%
|
66
0%
|
26
-60%
|
65
+148%
|
67
+2%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
1
|
(1)
|
(3)
|
25
|
(7)
|
(9)
|
3
|
73
|
(10)
|
(10)
|
48
|
89
|
64
|
86
|
120
|
110
|
123
|
111
|
117
|
20
|
51
|
(16)
|
(57)
|
(123)
|
(122)
|
(74)
|
(74)
|
(26)
|
(29)
|
19
|
20
|
13
|
15
|
(34)
|
(33)
|
(50)
|
(7)
|
(44)
|
(46)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
19
|
20
|
21
|
20
|
0
|
0
|
(0)
|
|
| Total Other Income |
(0)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
(0)
|
(2)
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
(1)
|
(0)
|
0
|
0
|
1
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
1
|
0
|
|
| Pre-Tax Income |
8
N/A
|
23
+204%
|
28
+24%
|
44
+54%
|
48
+11%
|
68
+39%
|
64
-6%
|
91
+43%
|
93
+2%
|
113
+21%
|
117
+3%
|
136
+16%
|
140
+4%
|
114
-18%
|
146
+28%
|
134
-8%
|
175
+31%
|
175
+0%
|
187
+7%
|
80
-57%
|
143
+79%
|
73
-49%
|
34
-54%
|
(54)
N/A
|
(59)
-10%
|
(19)
+68%
|
(24)
-25%
|
24
N/A
|
24
-3%
|
73
+210%
|
80
+9%
|
73
-9%
|
98
+35%
|
53
-46%
|
54
+1%
|
36
-34%
|
19
-47%
|
23
+20%
|
21
-8%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(5)
|
(7)
|
(7)
|
(5)
|
1
|
1
|
1
|
1
|
0
|
0
|
2
|
2
|
2
|
2
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
|
| Income from Continuing Operations |
8
|
23
|
28
|
44
|
48
|
68
|
64
|
91
|
93
|
113
|
117
|
136
|
140
|
114
|
144
|
129
|
168
|
168
|
182
|
81
|
144
|
74
|
35
|
(54)
|
(59)
|
(17)
|
(22)
|
26
|
25
|
73
|
80
|
73
|
98
|
53
|
55
|
37
|
20
|
24
|
21
|
|
| Net Income (Common) |
8
N/A
|
23
+204%
|
28
+24%
|
44
+54%
|
48
+11%
|
68
+39%
|
64
-6%
|
91
+43%
|
93
+2%
|
113
+21%
|
117
+3%
|
136
+16%
|
140
+4%
|
114
-18%
|
144
+26%
|
129
-10%
|
168
+30%
|
168
+0%
|
182
+8%
|
81
-56%
|
144
+78%
|
74
-49%
|
35
-53%
|
(54)
N/A
|
(59)
-10%
|
(17)
+71%
|
(22)
-27%
|
26
N/A
|
25
-2%
|
73
+190%
|
80
+9%
|
73
-9%
|
98
+35%
|
53
-46%
|
55
+3%
|
37
-33%
|
20
-45%
|
24
+19%
|
21
-12%
|
|
| EPS (Diluted) |
0.16
N/A
|
0.47
+194%
|
0.28
-40%
|
0.82
+193%
|
0.72
-12%
|
0.98
+36%
|
0.46
-53%
|
1.26
+174%
|
1.02
-19%
|
1.23
+21%
|
1.21
-2%
|
1.48
+22%
|
1.51
+2%
|
1.16
-23%
|
1.52
+31%
|
1.38
-9%
|
1.82
+32%
|
1.84
+1%
|
2.04
+11%
|
0.9
-56%
|
1.67
+86%
|
0.83
-50%
|
0.4
-52%
|
-0.63
N/A
|
-0.69
-10%
|
-0.15
+78%
|
-0.37
-147%
|
0.31
N/A
|
0.29
-6%
|
0.87
+200%
|
0.96
+10%
|
0.87
-9%
|
1.18
+36%
|
0.64
-46%
|
0.66
+3%
|
0.44
-33%
|
0.24
-45%
|
0.29
+21%
|
0.25
-14%
|
|