See more : Sustainable Opportunities Acquisition Corp. (SOAC-UN) Income Statement Analysis – Financial Results
Complete financial analysis of Artis Real Estate Investment Trust (ARESF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Artis Real Estate Investment Trust, a leading company in the REIT – Diversified industry within the Real Estate sector.
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Artis Real Estate Investment Trust (ARESF)
About Artis Real Estate Investment Trust
Artis is a diversified Canadian real estate investment trust investing in industrial and office properties in Canada and the United States. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in select markets in Canada and the United States. As of September 30, 2020, Artis' commercial property comprises approximately 23.8 million square feet of leasable area.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 335.84M | 372.51M | 419.50M | 458.92M | 521.66M | 512.87M | 516.33M | 549.15M | 535.57M | 500.56M | 463.42M | 372.47M | 293.09M | 136.73M | 136.85M | 142.98M | 99.26M | 53.52M | 9.64M | 550.65K |
| Cost of Revenue | 151.82M | 162.53M | 181.71M | 189.64M | 211.80M | 208.55M | 205.10M | 213.04M | 203.18M | 187.71M | 166.54M | 132.06M | 107.70M | 62.03M | 43.49M | 45.25M | 31.79M | 19.27M | 3.42M | 123.23K |
| Gross Profit | 184.02M | 209.98M | 237.79M | 269.28M | 309.86M | 304.32M | 311.22M | 336.12M | 332.40M | 312.85M | 296.88M | 240.41M | 185.39M | 74.69M | 93.36M | 97.73M | 67.47M | 34.25M | 6.22M | 427.43K |
| Gross Profit Ratio | 54.79% | 56.37% | 56.68% | 58.68% | 59.40% | 59.34% | 60.28% | 61.21% | 62.06% | 62.50% | 64.06% | 64.54% | 63.25% | 54.63% | 68.22% | 68.35% | 67.97% | 63.99% | 64.50% | 77.62% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 4.79M | 6.41M | 11.35M | 10.78M | 14.68M | 14.44M | 13.78M | 13.32M | 11.51M | 10.26M | 9.71M | 11.99M | 11.06M | 6.74M | 4.52M | 0.00 | 0.00 | 3.08M | 913.14K | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 4.79M | 6.41M | 11.35M | 10.78M | 14.68M | 14.44M | 13.78M | 13.32M | 11.51M | 10.26M | 9.71M | 11.99M | 11.06M | 6.74M | 4.52M | 0.00 | 0.00 | 3.08M | 913.14K | 55.50K |
| Other Expenses | 2.19M | 1.25M | 1.36M | 1.42M | 1.13M | -6.42M | 1.05M | -741.00K | -2.14M | 121.00K | 85.00K | -342.00K | 0.00 | 200.00K | -7.29M | -223.00K | -56.39M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 6.98M | 7.66M | 12.71M | 12.21M | 15.81M | 14.44M | 13.78M | 13.32M | 11.51M | 10.26M | 9.71M | 11.99M | 11.06M | 78.67M | 59.24M | 63.11M | 46.02M | 29.23M | 5.57M | 253.74K |
| Cost & Expenses | 158.80M | 170.19M | 194.43M | 201.85M | 227.61M | 222.98M | 218.88M | 226.36M | 214.69M | 197.97M | 176.25M | 144.05M | 118.75M | 140.70M | 102.73M | 108.35M | 77.81M | 48.50M | 9.00M | 376.96K |
| Interest Income | 31.51M | 17.45M | 1.89M | 4.80M | 3.26M | 2.19M | 1.48M | 2.06M | 1.32M | 1.82M | 2.03M | 2.65M | 2.58M | 2.55M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 119.25M | 87.16M | 67.11M | 83.11M | 105.44M | 98.05M | 94.60M | 107.72M | 110.48M | 108.55M | 102.62M | 94.28M | 78.94M | 54.84M | 40.10M | 41.05M | 28.19M | 17.00M | 3.16M | 239.38K |
| Depreciation & Amortization | 1.23M | 1.25M | 1.36M | 1.42M | 1.13M | 1.05M | 911.00K | 859.00K | 755.00K | 575.00K | 511.00K | 353.00K | 120.00K | 59.46M | 44.33M | 44.88M | 31.67M | 15.24M | 2.70M | 198.23K |
| EBITDA | -217.19M | 294.90M | 242.56M | 281.12M | 331.86M | 298.55M | 329.63M | 337.07M | 323.26M | 307.01M | 294.28M | 231.41M | 174.46M | 103.08M | 48.27M | 92.99M | 60.16M | 31.17M | 5.31M | 371.92K |
| EBITDA Ratio | -64.67% | 79.16% | 57.82% | 61.26% | 63.62% | 58.21% | 61.96% | 61.38% | 60.36% | 60.16% | 64.14% | 62.13% | 59.52% | 49.01% | 59.25% | 65.04% | 60.61% | 58.24% | 55.03% | 67.54% |
| Operating Income | 184.02M | 293.64M | 237.79M | 269.28M | 309.86M | 304.32M | 311.22M | 336.12M | 332.40M | 312.85M | 296.88M | 231.06M | 174.34M | 3.98M | 34.12M | 48.10M | 21.45M | 5.02M | 646.09K | 188.05K |
| Operating Income Ratio | 54.79% | 78.83% | 56.68% | 58.68% | 59.40% | 59.34% | 60.28% | 61.21% | 62.06% | 62.50% | 64.06% | 62.03% | 59.48% | 2.91% | 24.93% | 33.64% | 21.61% | 9.38% | 6.70% | 34.15% |
| Total Other Income/Expenses | -521.69M | -200.92M | 158.91M | -241.39M | -175.69M | -145.16M | -77.11M | -214.20M | -501.58M | -107.66M | -91.89M | 109.28M | 149.06M | 200.00K | -47.39M | -40.82M | -28.07M | -16.18M | -3.16M | -253.74K |
| Income Before Tax | -337.67M | 9.06M | 390.46M | 22.28M | 124.55M | 159.16M | 234.12M | 116.62M | -175.70M | 197.89M | 191.16M | 340.34M | 320.82M | 4.18M | -13.27M | -6.20M | -4.24M | -11.15M | -2.52M | -65.69K |
| Income Before Tax Ratio | -100.55% | 2.43% | 93.08% | 4.85% | 23.88% | 31.03% | 45.34% | 21.24% | -32.81% | 39.53% | 41.25% | 91.37% | 109.46% | 3.05% | -9.69% | -4.34% | -4.27% | -20.84% | -26.12% | -11.93% |
| Income Tax Expense | -5.61M | 14.36M | 1.29M | 733.00K | 1.82M | 527.00K | -319.00K | 683.00K | 110.78M | 104.68M | 110.16M | 94.28M | -469.00K | 11.52M | 10.90M | 457.00K | -10.39M | 27.91M | 1.96M | 25.54K |
| Net Income | -332.07M | -5.29M | 389.18M | 21.54M | 102.80M | 136.69M | 216.02M | 97.50M | -175.70M | 180.22M | 177.15M | 337.36M | 321.29M | -3.78M | -9.19M | -6.79M | 6.16M | -11.15M | -2.52M | -91.23K |
| Net Income Ratio | -98.88% | -1.42% | 92.77% | 4.69% | 19.71% | 26.65% | 41.84% | 17.76% | -32.81% | 36.00% | 38.23% | 90.57% | 109.62% | -2.76% | -6.71% | -4.75% | 6.20% | -20.84% | -26.12% | -16.57% |
| EPS | -3.10 | -0.04 | 2.87 | 0.16 | 0.86 | 0.89 | 1.43 | 0.67 | -1.28 | 1.36 | 1.45 | 3.21 | 4.02 | -0.07 | -0.27 | -0.21 | 0.25 | -0.94 | -0.74 | -0.26 |
| EPS Diluted | -3.10 | -0.04 | 2.86 | 0.16 | 0.86 | 0.89 | 1.43 | 0.67 | -1.28 | 1.33 | 1.41 | 3.14 | 3.60 | -0.07 | -0.27 | -0.21 | 0.24 | -0.94 | -0.74 | -0.26 |
| Weighted Avg Shares Out | 111.29M | 117.93M | 129.55M | 136.21M | 142.43M | 153.07M | 150.58M | 144.92M | 137.60M | 132.55M | 122.41M | 105.05M | 79.87M | 57.00M | 33.92M | 32.09M | 24.62M | 11.86M | 3.40M | 352.48K |
| Weighted Avg Shares Out (Dil) | 111.29M | 118.47M | 130.03M | 136.61M | 142.43M | 153.57M | 150.89M | 145.21M | 137.60M | 143.12M | 133.07M | 115.64M | 92.41M | 57.00M | 33.92M | 32.09M | 25.48M | 11.86M | 3.40M | 352.48K |
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Artis Real Estate Investment Trust (ARESF) Q4 2023 Earnings Call Transcript
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Artis: Retail Asset Sales Reduce Risk Further For This 10.9% Yielder
Artis has felt the issues with rising interest expense married to a short debt maturity profile. Retail asset sales of $222 million were done just before Christmas. We examine the setup and tell you why we believe Artis can pull...
Source: https://incomestatements.info
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