Income Statement Castleview Property Fund Limited

Stocks

CVW

ZAE000251633

Commercial REITs

End-of-day quote Johannesburg S.E. Other stock markets 2026-06-08			5-day change	1st Jan Change
9.540 ^ZAR	0.00%		0.00%	-

03-30	Castleview Property Fund Limited Announces Appointment of Koketso Mabe as Independent Non-Executive Director and to Investment Committee	CI
12-01	Castleview Property Fund Limited Reports Earnings Results for the Half Year Ended September 30, 2025	CI

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Published financial data: CASTLEVIEW PROPERTY FUND LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Rental Revenues	49.61M	57.62M	866M	1.53B	1.52B
Tenant Reimbursements	-	-	283M	551M	520M
Other Revenues, Total	-	-	458M	391M	528M
Total Revenues	49.61M	57.62M	1.61B	2.48B	2.56B
Property Expenses	3.48M	4.22M	507M	945M	1.1B
Selling General & Admin Expenses, Total	9.33M	11M	107M	171M	183M
Depreciation & Amortization - (IS) - (Collected)	-	-	-	-	-
Provision For Loan Losses - (Ins. / REIT / Utility Templates)	-	-	-63.19M	-301M	-29.35M
Other Operating Expenses	10.58M	12.59M	13.06M	55.25M	-12.03M
Total Operating Expenses	23.39M	27.81M	690M	1.47B	1.3B
Operating Income (REIT / Utility Template)	26.22M	29.81M	918M	1B	1.27B
Interest Expense, Total	-10.71M	-10.66M	-554M	-1.04B	-1.13B
Interest and Investment Income	27.45K	28.72K	74.69M	50.32M	294M
Net Interest Expenses	-10.68M	-10.63M	-479M	-992M	-835M
Currency Exchange Gains (Loss)	-	-	-	-	61.12M
Other Non Operating Income (Expenses)	-	-	-48.93M	-36.3M	1.4B
EBT, Excl. Unusual Items	15.55M	19.18M	390M	-23.82M	1.89B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-20.53M	-38.47M	-
Asset Writedown	-33.41M	-582K	69.79M	338M	493M
Other Unusual Items	-4.4M	-	1.58B	16.69M	-
EBT, Incl. Unusual Items	-22.27M	18.6M	2.02B	293M	2.38B
Income Tax Expense	-	-	-25.66M	-11.67M	168M
Earnings From Continuing Operations	-22.27M	18.6M	2.05B	304M	2.22B
Net Income to Company	-22.27M	18.6M	2.05B	304M	2.22B
Minority Interest	20.67K	-	-267M	-240M	-843M
Net Income - (IS)	-22.25M	18.6M	1.78B	64.91M	1.37B
Net Income to Common Incl Extra Items	-22.25M	18.6M	1.78B	64.91M	1.37B
Net Income to Common Excl. Extra Items	-22.25M	18.6M	1.78B	64.91M	1.37B
Per Share Items
Net EPS - Basic	-0.64	0.51	3.17	0.07	1.39
Basic EPS - Continuing Operations	-0.64	0.51	3.17	0.07	1.39
Basic Weighted Average Shares Outstanding	34.86M	36.77M	561M	982M	984M
Net EPS - Diluted	-0.64	0.51	3.14	0.07	1.39
Diluted EPS - Continuing Operations	-0.64	0.51	3.14	0.07	1.39
Diluted Weighted Average Shares Outstanding	34.86M	36.77M	567M	982M	984M
Normalized Basic EPS	0.28	0.33	-0.04	-0.26	0.34
Normalized Diluted EPS	0.28	0.33	-0.04	-0.26	0.34
Dividend Per Share	0.27	0.45	0.15	0.53	0.39
Payout Ratio	-	-	-	404.32	36.73
Supplemental Items
EBITDA	26.33M	-	-	-	-
EBITA	26.22M	29.81M	918M	1B	1.27B
EBIT	26.22M	29.81M	918M	1B	1.27B
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	-	-	1.15B	2.09B	2.04B
Effective Tax Rate - (Ratio)	-	-	-1.27	-3.98	7.07
Current Domestic Taxes	-	-	-625K	-	2.33M
Current Foreign Taxes	-	-	10.15K	-	12.15M
Total Current Taxes	-	-	-615K	-	14.48M
Total Deferred Taxes	-	-	-25.04M	-11.67M	154M
Normalized Net Income	9.74M	11.99M	-23.12M	-254M	339M
Interest Capitalized	-	-	-	34.57M	48.09M
Interest on Long-Term Debt	10.78M	11.22M	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	3.94M	4.5M	107M	171M	183M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	1.77M	2.33M	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	317M	358M	13.28B	10.94B	10.46B
Total Real Estate Assets	317M	358M	13.28B	10.94B	10.46B
Cash And Equivalents	1.8M	5.77M	201M	256M	453M
Accounts Receivable, Total	1.43M	1.35M	16.81M	20.52M	24.2M
Other Receivables	925K	403K	97.05M	90.13M	132M
Investment In Debt and Equity Securities	1.97M	3.76M	20.22M	-	3.86B
Notes Receivable (Collected)	-	-	295M	77.46M	48.81M
Other Current Assets, Total	2.58M	2.11M	1.44B	3.13B	1.31B
Trading Asset Securities, Total	-	-	9.9M	-	-
Deferred Tax Assets Long-Term (Collected)	-	-	191M	203M	211M
Other Long-Term Assets, Total	-	-	6.53B	7.08B	7.11B
Total Assets	325M	372M	22.07B	21.81B	23.6B
Liabilities
Current Portion of Long-Term Debt	164M	-	2.69B	2.52B	1.13B
Current Portion of Leases	-	-	4.88M	5.32M	5.51M
Short-Term Borrowings	-	-	-	-	-
Long-Term Debt	-	192M	8.1B	8.2B	9.92B
Long-Term Leases	-	-	73.24M	73.03M	70M
Accounts Payable, Total	471K	139K	28.48M	17M	25.35M
Accrued Expenses, Total	166K	-	254M	276M	217M
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	6.91M	7.53M	245M	247M	225M
Deferred Tax Liability Non-Current	-	-	-	-	160M
Other Non Current Liabilities	-	-	53.39M	32.42M	-
Total Liabilities	171M	199M	11.45B	11.37B	11.75B
Common Stock, Total	177M	186M	5.94B	5.98B	5.98B
Retained Earnings	-22.73M	-13.51M	1.89B	1.7B	2.55B
Comprehensive Income and Other	-	-	542M	881M	861M
Total Common Equity	154M	172M	8.37B	8.56B	9.39B
Minority Interest	159K	-	2.25B	1.87B	2.45B
Total Equity	154M	172M	10.62B	10.43B	11.84B
Total Liabilities And Equity	325M	372M	22.07B	21.81B	23.6B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	35.26M	37.41M	978M	984M	984M
ECS Total Common Shares Outstanding	35.26M	37.41M	978M	984M	984M
Book Value / Share	4.36	4.61	8.55	8.7	9.54
Tangible Book Value	154M	172M	8.37B	8.56B	9.39B
Tangible Book Value Per Share	4.36	4.61	8.55	8.7	9.54
Total Debt	164M	192M	10.87B	10.8B	11.13B
Net Debt	162M	186M	10.67B	10.54B	10.67B
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	159K	-	2.25B	1.87B	2.45B
Equity Method Investments, Total	-	-	6.4B	6.87B	6.87B
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	18.02M	395M	240M
Inventories - Work In Process, Total	-	-	55.69M	-	-
Inventories - Others	-	-	341M	53.74M	105M
Machinery, Total	-	-	-	-	-
Assets on Operating Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	2.81M	2.58M	41.49M	49.52M	38.43M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-22.25M	18.6M	1.78B	64.91M	1.37B
Depreciation, Depletion & Amortization	-	-	-	-	-
Total Depreciation, Depletion & Amortization	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-	-	-51.24M	-12.56M	1.4B
(Gain) Loss on Sale of Investments - (CF)	-1.97M	-1.79M	24.44M	102M	-22.66M
Total Asset Writedown	33.41M	582K	-49.26M	-338M	-3.24B
Provision for Credit Losses	-	-	63.19M	301M	32.77M
(Income) Loss On Equity Investments - (CF)	-	-	-458M	-352M	-528M
Provision and Write-off of Bad Debts	1.29M	-234K	-	-	-
Minority Interest in Earnings - (CF)	-	-	-290M	-192M	-218M
Change in Accounts Receivable	-2.58M	2.06M	-83.76M	8.87M	-48.54M
Change In Inventories	-	-	-66.45M	-34.57M	104M
Change in Accounts Payable	-2.21M	124K	138M	18.41M	-78.08M
Other Operating Activities	6.7M	-652K	-1.34B	322M	929M
Cash from Operations	12.4M	18.69M	-331M	-112M	-299M
Acquisition of Real Estate Assets, Total	-5.18M	-3.71M	-119M	-265M	-320M
Sale of Real Estate Assets, Total	-	-	432M	637M	2.92B
Net Sale / Acquisition of Real Estate Assets	-5.18M	-3.71M	313M	372M	2.6B
Cash Acquisitions	-	-	-69.9M	-	-
Investment in Marketable and Equity Securities, Total	-	-	237M	982M	-1.95B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	4.69M	-144M	47.45M
Cash from Investing	-5.18M	-3.71M	485M	1.21B	698M
Long-Term Debt Issued, Total	36.7M	33.87M	2.89B	5.91B	5.47B
Total Debt Issued	36.7M	33.87M	2.66B	5.91B	5.47B
Long-Term Debt Repaid, Total	-45.66M	-44.88M	-3.09B	-6.18B	-5.05B
Total Debt Repaid	-45.66M	-44.88M	-2.85B	-6.18B	-5.05B
Issuance of Common Stock	-	-	399M	39.68M	-
Repurchase of Common Stock	-	-	-	-24.49M	-13.83M
Common Dividends Paid	-	-	-	-262M	-504M
Common & Preferred Stock Dividends Paid	-	-	-	-262M	-504M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	-	-185M	-517M	-110M
Cash from Financing	-8.96M	-11.01M	25.88M	-1.04B	-202M
Net Change in Cash	-1.74M	3.96M	180M	55.19M	196M
Supplemental Items
Cash Interest Paid	6.17M	10.57M	487M	975M	1.16B
Cash Income Tax Paid (Refund)	-	-	541K	-28K	12.32M
Net Debt Issued / Repaid	-8.96M	-11.01M	-188M	-278M	425M
Levered Free Cash Flow	5.77M	13.16M	-707M	-1.48B	1.82B
Unlevered Free Cash Flow	12.46M	19.82M	-384M	-827M	2.53B
Change In Net Working Capital	3.93M	-1.19M	929M	1.46B	-1.74B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.84	5.34	4.85	2.86	3.49
Return on Total Capital	4.96	5.46	5	2.94	3.59
Return On Equity %	-13.49	11.39	39.17	2.89	19.89
Return on Common Equity	-13.49	11.4	45.06	0.77	15.3
Margin Analysis
Gross Profit Margin %	92.99	92.67	64.55	49.7	56.13
SG&A Margin	22.54	19.1	6.64	6.9	7.13
EBITDA Margin %	53.07	-	-	-	-
EBITA Margin %	52.86	51.73	57.1	40.57	49.47
EBIT Margin %	52.86	51.73	57.1	40.57	49.47
Income From Continuing Operations Margin %	-44.89	32.27	127.31	12.3	86.4
Net Income Margin %	-44.85	32.27	110.71	2.62	53.54
Net Avail. For Common Margin %	-44.85	32.27	110.71	2.62	53.54
Normalized Net Income Margin	19.63	20.8	-1.44	-10.28	13.23
Levered Free Cash Flow Margin	11.63	22.84	-47.71	-59.73	71.1
Unlevered Free Cash Flow Margin	25.12	34.4	-25.9	-33.42	98.63
Asset Turnover
Asset Turnover	0.15	0.17	0.13	0.11	0.11
Fixed Assets Turnover	0.15	0.17	0.21	0.2	0.24
Receivables Turnover (Average Receivables)	36.89	41.38	18.47	111.73	91.06
Inventory Turnover (Average Inventory)	-	-	-	2.89	2.84
Short Term Liquidity
Current Ratio	0.04	1.26	0.64	1.16	1.22
Quick Ratio	0.02	0.98	0.1	0.12	0.38
Operating Cash Flow to Current Liabilities	0.07	2.44	-0.1	-0.04	-0.19
Days Sales Outstanding (Average Receivables)	9.89	8.82	19.76	3.28	4.01
Days Outstanding Inventory (Average Inventory)	-	-	-	126.83	128.73
Average Days Payable Outstanding	39.45	26.39	-	6.5	7.57
Cash Conversion Cycle (Average Days)	-	-	-	123.6	125.17
Long Term Solvency
Total Debt/Equity	106.35	111.17	102.36	103.51	93.94
Total Debt / Total Capital	51.54	52.64	50.58	50.86	48.44
LT Debt/Equity	-	111.17	76.96	79.26	84.31
Long-Term Debt / Total Capital	-	52.64	38.03	38.95	43.48
Total Liabilities / Total Assets	52.66	53.62	51.88	52.15	49.81
EBIT / Interest Expense	2.45	2.8	1.66	0.96	1.12
EBITDA / Interest Expense	2.46	-	-	-	-
(EBITDA - Capex) / Interest Expense	2.46	-	-	-	-
Total Debt / EBITDA	6.22	-	-	-	-
Net Debt / EBITDA	6.15	-	-	-	-
Total Debt / (EBITDA - Capex)	6.22	-	-	-	-
Net Debt / (EBITDA - Capex)	6.15	-	-	-	-
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.05	16.14	2.47K	53.98	3.56
Gross Profit, 1 Yr. Growth %	8.91	15.74	2.47K	18.56	16.94
EBITDA, 1 Yr. Growth %	-6.53	-	-	-	-
EBITA, 1 Yr. Growth %	-6.55	13.66	2.83K	9.41	26.27
EBIT, 1 Yr. Growth %	-6.55	13.66	2.83K	9.41	26.27
Earnings From Cont. Operations, 1 Yr. Growth %	-209	-183.5	11.2K	-85.13	627.61
Net Income, 1 Yr. Growth %	-209.04	-183.58	9.91K	-96.35	2.02K
Diluted EPS Before Extra, 1 Yr. Growth %	-204	-179.24	664.3	-97.89	2.02K
Normalized Net Income, 1 Yr. Growth %	20.51	23.11	-533.4	1K	-233.34
Net Property, Plant and Equip., 1 Yr. Growth %	-8.36	13.2	3.65K	-17.58	-4.43
Inventory, 1 Yr. Growth %	-	-	-	8.34	-23.2
Accounts Receivable, 1 Yr. Growth %	14.18	-5.79	4.57K	22.08	17.92
Total Assets, 1 Yr. Growth %	-7.65	14.28	5.85K	-1.2	8.22
Common Equity, 1 Yr. Growth %	-12.64	12.09	4.59K	2.3	9.71
Tangible Book Value, 1 Yr. Growth %	-12.64	12.09	4.59K	2.3	9.71
Cash From Operations, 1 Yr. Growth %	-22.78	50.75	-1.01K	-66.21	167.96
Levered Free Cash Flow, 1 Yr. Growth %	-21.2	128.12	-5.47K	-	-223.28
Unlevered Free Cash Flow, 1 Yr. Growth %	-25.86	59.07	-2.03K	-	-405.67
Dividend Per Share, 1 Yr. Growth %	-17	68.2	-	255.68	-26.99
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.39	12.54	446.35	-	26.28
Gross Profit, 2 Yr. CAGR %	12.89	12.28	466.57	-	17.75
EBITDA, 2 Yr. CAGR %	3.91	-	-	-	-
EBITA, 2 Yr. CAGR %	4.12	3.06	476.91	-	17.54
EBIT, 2 Yr. CAGR %	4.12	3.06	476.91	-	17.54
Earnings From Cont. Operations, 2 Yr. CAGR %	48.01	-4.6	871.27	-	4.03
Net Income, 2 Yr. CAGR %	48	-4.54	814.69	-	-12.18
Diluted EPS Before Extra, 2 Yr. CAGR %	43.99	-9.22	146.11	-	-33.33
Normalized Net Income, 2 Yr. CAGR %	25.54	21.8	130.99	-	283.1
Net Property, Plant and Equip., 2 Yr. CAGR %	0.26	1.85	551.7	-	-11.25
Inventory, 2 Yr. CAGR %	-	-	-	-	-8.78
Accounts Receivable, 2 Yr. CAGR %	-5.41	3.72	793.31	-	19.98
Total Assets, 2 Yr. CAGR %	0.48	2.73	724.44	-	3.41
Common Equity, 2 Yr. CAGR %	-4.2	-1.04	625.17	-	5.94
Tangible Book Value, 2 Yr. CAGR %	-4.2	-1.04	625.17	-	5.94
Cash From Operations, 2 Yr. CAGR %	-6.49	7.89	269.75	-	-4.84
Levered Free Cash Flow, 2 Yr. CAGR %	26.11	34.08	1.01K	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-1.77	8.6	454.77	-	-
Dividend Per Share, 2 Yr. CAGR %	-15.47	18.15	-	-	61.14
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	22.93	12.95	219.3	-	-
Gross Profit, 3 Yr. CAGR %	22.17	13.83	226.98	-	-
EBITDA, 3 Yr. CAGR %	16.39	-	-	-	-
EBITA, 3 Yr. CAGR %	16.46	7.21	214.48	-	-
EBIT, 3 Yr. CAGR %	16.46	7.21	214.48	-	-
Earnings From Cont. Operations, 3 Yr. CAGR %	56.83	22.3	368.5	-	-
Net Income, 3 Yr. CAGR %	56.83	22.33	350.17	-	-
Diluted EPS Before Extra, 3 Yr. CAGR %	48.6	18	84.68	-	-
Normalized Net Income, 3 Yr. CAGR %	86.91	24.72	85.95	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	0.1	4.4	238.89	-	-
Accounts Receivable, 3 Yr. CAGR %	14.35	-5.54	349.99	-	-
Total Assets, 3 Yr. CAGR %	-4.51	4.89	297.42	-	-
Common Equity, 3 Yr. CAGR %	-3.05	0.95	258.15	-	-
Tangible Book Value, 3 Yr. CAGR %	-3.05	0.95	258.15	-	-
Cash From Operations, 3 Yr. CAGR %	21.92	9.64	119.37	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-	53.66	358.68	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	15.36	183.63	-	-
Dividend Per Share, 3 Yr. CAGR %	1.98	6.32	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	123.25	-	-
Gross Profit, 5 Yr. CAGR %	-	-	125.67	-	-
EBITA, 5 Yr. CAGR %	-	-	120.88	-	-
EBIT, 5 Yr. CAGR %	-	-	120.88	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	225.23	-	-
Net Income, 5 Yr. CAGR %	-	-	217.51	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	81.83	-	-
Normalized Net Income, 5 Yr. CAGR %	-	-	103.43	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	111.78	-	-
Accounts Receivable, 5 Yr. CAGR %	-	-	160.22	-	-
Total Assets, 5 Yr. CAGR %	-	-	126.17	-	-
Common Equity, 5 Yr. CAGR %	-	-	116.82	-	-
Tangible Book Value, 5 Yr. CAGR %	-	-	116.82	-	-
Cash From Operations, 5 Yr. CAGR %	-	-	90.03	-	-