Balance Sheet Landmark REIT

Stocks

D5IU

SG1W27938677

Commercial REITs

Market Closed - Singapore S.E. Other stock markets 05:04:46 2026-06-11 EDT			5-day change	1st Jan Change
0.007000 ^SGD	0.00%		-12.50%	-22.22%

05-22	Landmark REIT to End Quarterly Reporting; Shares Jump 14%	MT
04-29	Landmark REIT posts qtrly net property income S$30.8 mln	RE

13b9e6aad927fa5bd45359fed4d581.nU_7ENGdDJnw4iynDaY69kcJ7ZxLsnWdjs8QsTzPqIU.-iu5VfyqSq-5ilnoYOd1kQ8wle4a_BzC0acj_EqMnNPYHM5Ine1ctIebbQ

Published financial data: LANDMARK REIT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Rental Revenues	175M	205M	197M	195M	205M
Total Revenues	175M	205M	197M	195M	205M
Property Expenses	80.12M	84.41M	84.45M	87.57M	92.79M
Selling General & Admin Expenses, Total	466K	473K	423K	405K	391K
Amortization of Goodwill and Intangible Assets - (IS)	7.57M	6.81M	5.41M	5.17M	-
Other Operating Expenses	4.25M	4.12M	7.68M	4.32M	2.41M
Total Operating Expenses	92.41M	95.82M	97.96M	97.47M	95.59M
Operating Income (REIT / Utility Template)	82.66M	109M	99.31M	97.09M	109M
Interest Expense, Total	-60.01M	-62.6M	-71.92M	-77.11M	-56.02M
Interest and Investment Income	1.51M	1.64M	2.14M	1.27M	348K
Net Interest Expenses	-58.5M	-60.96M	-69.78M	-75.84M	-55.67M
Currency Exchange Gains (Loss)	-9.4M	-12.37M	-26.66M	-87.2M	32.38M
Other Non Operating Income (Expenses)	9.02M	-19.64M	3.22M	26.6M	-549K
EBT, Excl. Unusual Items	23.77M	15.91M	6.09M	-39.34M	85.58M
Gain (Loss) on Sale of Assets	-	-	-	-	-
Asset Writedown	-31.38M	32.31M	-133M	29.82M	-23.22M
Other Unusual Items	-	-	20.97M	-1.52M	-
EBT, Incl. Unusual Items	-7.61M	48.22M	-106M	-11.04M	62.35M
Income Tax Expense	24.9M	46.64M	19.58M	25.34M	30.36M
Earnings From Continuing Operations	-32.51M	1.58M	-126M	-36.38M	31.99M
Net Income to Company	-32.51M	1.58M	-126M	-36.38M	31.99M
Net Income - (IS)	-32.51M	1.58M	-126M	-36.38M	31.99M
Preferred Dividend and Other Adjustments	17.53M	14.32M	-	-	-
Net Income to Common Incl Extra Items	-50.04M	-12.74M	-126M	-36.38M	31.99M
Net Income to Common Excl. Extra Items	-50.04M	-12.74M	-126M	-36.38M	31.99M
Per Share Items
Net EPS - Basic	-0.01	-0	-0.02	-0	0
Basic EPS - Continuing Operations	-0.01	-0	-0.02	-0	0
Basic Weighted Average Shares Outstanding	7.4B	7.69B	7.7B	7.7B	7.7B
Net EPS - Diluted	-0.01	-0	-0.02	-0	0
Diluted EPS - Continuing Operations	-0.01	-0	-0.02	-0	0
Diluted Weighted Average Shares Outstanding	7.4B	7.69B	7.7B	7.7B	7.7B
Normalized Basic EPS	0	0	0	-0	0.01
Normalized Diluted EPS	0	0	0	-0	0.01
Dividend Per Share	0	0	-	-	-
Payout Ratio	-137.43	2.82K	-2.44	-	-
Supplemental Items
EBITDA	92.98M	118M	107M	105M	112M
EBITA	90.23M	116M	105M	102M	109M
EBIT	82.66M	109M	99.31M	97.09M	109M
EBITDAR	94.42M	120M	109M	106M	113M
Effective Tax Rate - (Ratio)	-327.35	96.72	-18.4	-229.43	48.69
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	24.57M	30.96M	25.88M	25.24M	25.39M
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	338K	15.68M	-6.31M	97K	4.97M
Normalized Net Income	14.86M	9.94M	3.81M	-24.59M	53.48M
Interest on Long-Term Debt	60.31M	62.74M	71.98M	77.11M	56.02M
Supplemental Operating Expense Items
General and Administrative Expenses	466K	473K	423K	405K	391K
Net Rental Expense, Total	1.44M	1.44M	1.46M	1.57M	1.71M
Imputed Operating Lease Interest Expense	890K	840K	991K	1.23M	1.11M
Imputed Operating Lease Depreciation	552K	599K	473K	342K	598K
Stock-Based Comp., COGS (Total)	1.27M	-	-	-	-
Total Stock-Based Compensation	1.27M	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	1.81B	1.68B	1.56B	1.59B	1.42B
Accumulated Depreciation	-17.83M	-17.04M	-19.29M	-21.27M	-
Net Property Plant And Equipment	1.8B	1.66B	1.54B	1.57B	1.42B
Total Real Estate Assets	1.8B	1.66B	1.54B	1.57B	1.42B
Cash And Equivalents	122M	111M	140M	19.98M	16.31M
Accounts Receivable, Total	38.8M	32.68M	24.3M	23.91M	20.77M
Other Receivables	10.22M	8.31M	4.72M	5.22M	3.39M
Other Intangibles, Total	18.6M	10.51M	5.23M	0	-
Restricted Cash	-	-	-	13.74M	12.57M
Other Current Assets, Total	43.36M	11.74M	11.26M	13.22M	13.82M
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	2.03B	1.84B	1.72B	1.64B	1.49B
Liabilities
Current Portion of Long-Term Debt	67.54M	140M	284M	23.33M	53.34M
Current Portion of Leases	452K	125K	28K	31K	29K
Long-Term Debt	791M	716M	558M	710M	588M
Long-Term Leases	570K	692K	548K	1.88M	1.85M
Accounts Payable, Total	29.16M	32.47M	41.49M	31.48M	23.02M
Accrued Expenses, Total	-	2.5M	1M	11.75M	14.87M
Current Income Taxes Payable	3.11M	4.78M	1.93M	3.87M	4.43M
Unearned Revenue, Current	-	-	-	49.07M	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	57.74M	55.63M	55.2M	34.75M	82.74M
Unearned Revenue Non Current	84.02M	77.96M	75.18M	35.7M	29.74M
Deferred Tax Liability Non-Current	8.2M	21.88M	15.68M	15.6M	18.93M
Other Non Current Liabilities	-	-	-	24.21M	39.2M
Total Liabilities	1.04B	1.05B	1.03B	942M	857M
Common Stock, Total	728M	527M	433M	443M	378M
Retained Earnings	-	-	-	-	-
Comprehensive Income and Other	259M	257M	257M	257M	257M
Total Common Equity	987M	784M	690M	700M	634M
Total Equity	987M	784M	690M	700M	634M
Total Liabilities And Equity	2.03B	1.84B	1.72B	1.64B	1.49B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.7B	7.7B	7.7B	7.7B	7.7B
ECS Total Common Shares Outstanding	7.67B	7.7B	7.7B	7.7B	7.7B
Book Value / Share	0.09	0.07	0.06	0.06	0.05
Tangible Book Value	969M	773M	685M	700M	634M
Tangible Book Value Per Share	0.09	0.07	0.06	0.06	0.05
Total Debt	859M	857M	843M	736M	644M
Net Debt	737M	746M	702M	716M	627M
Debt Equivalent Oper. Leases	11.54M	11.51M	11.71M	12.55M	13.66M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	24.67M	22.62M	25.17M	25.13M	2.41M
Assets on Operating Lease - Gross	1.79B	1.66B	1.53B	1.56B	1.42B
Accumulated Allowance for Doubtful Accounts (Supple)	12.05M	10.42M	8.69M	9.58M	8.99M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-32.51M	1.58M	-126M	-36.38M	31.99M
Depreciation, Depletion & Amortization	2.75M	2.43M	2.72M	2.33M	2.19M
Amortization of Goodwill and Intangible Assets - (CF)	7.57M	6.81M	5.41M	5.17M	-
Total Depreciation, Depletion & Amortization	10.32M	9.24M	8.13M	7.5M	2.19M
Amortization of Deferred Charges, Total	5.47M	6.28M	7.52M	11.7M	2.21M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
Total Asset Writedown	31.38M	-32.3M	134M	-29.82M	23.22M
Stock-Based Compensation (CF)	1.27M	-	-	-	-
Provision and Write-off of Bad Debts	-	-1.46M	-1.7M	1.05M	266K
Change in Accounts Receivable	-5.7M	13.82M	14.31M	-1.65M	2.31M
Change in Accounts Payable	1.11M	14.21M	8.37M	4.4M	-5.38M
Change in Unearned Revenues	-	-	-	-	11.92M
Change in Other Net Operating Assets (Collected)	-24.57M	33.87M	2.9M	4.56M	4.61M
Other Operating Activities	53.32M	91.93M	55.6M	126M	24.2M
Cash from Operations	40.1M	137M	103M	86.94M	97.53M
Acquisition of Real Estate Assets, Total	-17.8M	-11.39M	-15.38M	-23.07M	-20.37M
Sale of Real Estate Assets, Total	-	-	-	-	-
Net Sale / Acquisition of Real Estate Assets	-17.8M	-11.39M	-15.38M	-23.07M	-20.37M
Investment in Marketable and Equity Securities, Total	-349M	-	-	-	-
Other Investing Activities, Total	1.51M	1.65M	2.14M	1.26M	363K
Cash from Investing	-365M	-9.74M	-13.24M	-21.81M	-20M
Short Term Debt Issued, Total	40M	-	-	-	-
Long-Term Debt Issued, Total	384M	69.54M	179M	563M	-
Total Debt Issued	424M	69.54M	179M	563M	-
Short Term Debt Repaid, Total	-40.1M	-234K	-337K	-2.58M	-86K
Long-Term Debt Repaid, Total	-219M	-96.11M	-153M	-632M	-23.04M
Total Debt Repaid	-259M	-96.34M	-154M	-635M	-23.13M
Issuance of Common Stock	281M	-	-	-	-
Common Dividends Paid	-44.68M	-44.67M	-3.08M	-	-
Common & Preferred Stock Dividends Paid	-44.68M	-44.67M	-3.08M	-	-
Other Financing Activities, Total	-62.93M	-60.19M	-173M	-1.71M	-55.71M
Cash from Financing	338M	-132M	-151M	-73.69M	-78.84M
Foreign Exchange Rate Adjustments	937K	-8.68M	-5.88M	-11.18M	-2.36M
Net Change in Cash	13.74M	-12.91M	-67.25M	-19.74M	-3.67M
Supplemental Items
Cash Interest Paid	54.84M	56.88M	67.77M	72.42M	55.66M
Cash Income Tax Paid (Refund)	25.2M	29.29M	28.8M	25.28M	27.8M
Net Debt Issued / Repaid	165M	-26.8M	25.5M	-71.97M	-23.13M
Levered Free Cash Flow	5.36M	87.83M	46.46M	121M	50.15M
Unlevered Free Cash Flow	37.39M	121M	83.88M	157M	82.95M
Change In Net Working Capital	23.99M	-45.03M	-16.69M	-89.53M	-13.37M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.82	3.52	3.49	3.61	4.37
Return on Total Capital	3.12	3.9	3.91	4.09	5.04
Return On Equity %	-3.69	0.18	-17.09	-5.23	4.8
Return on Common Equity	-5.68	-1.44	-17.09	-5.23	4.8
Margin Analysis
Gross Profit Margin %	54.23	58.77	57.19	54.99	54.74
SG&A Margin	0.27	0.23	0.21	0.21	0.19
EBITDA Margin %	53.11	57.71	54.46	53.76	54.44
EBITA Margin %	51.54	56.52	53.08	52.56	53.37
EBIT Margin %	47.21	53.19	50.34	49.9	53.37
Income From Continuing Operations Margin %	-18.57	0.77	-63.87	-18.7	15.61
Net Income Margin %	-18.57	0.77	-63.87	-18.7	15.61
Net Avail. For Common Margin %	-28.58	-6.22	-63.87	-18.7	15.61
Normalized Net Income Margin	8.49	4.86	1.93	-12.64	26.09
Levered Free Cash Flow Margin	3.06	42.9	23.55	62.1	24.46
Unlevered Free Cash Flow Margin	21.36	58.95	42.52	80.86	40.46
Asset Turnover
Asset Turnover	0.1	0.11	0.11	0.12	0.13
Fixed Assets Turnover	0.11	0.12	0.12	0.13	0.14
Receivables Turnover (Average Receivables)	5.3	5.73	6.92	8.07	9.18
Short Term Liquidity
Current Ratio	1.36	0.69	0.47	0.49	0.37
Quick Ratio	1.08	0.64	0.44	0.32	0.23
Operating Cash Flow to Current Liabilities	0.25	0.58	0.27	0.56	0.55
Days Sales Outstanding (Average Receivables)	68.87	63.73	52.71	45.34	39.77
Average Days Payable Outstanding	118.44	133.26	159.83	138.3	107.2
Long Term Solvency
Total Debt/Equity	87	109.3	122.07	105.08	101.46
Total Debt / Total Capital	46.52	52.22	54.97	51.24	50.36
LT Debt/Equity	80.12	91.39	80.94	101.74	93.05
Long-Term Debt / Total Capital	42.84	43.66	36.45	49.61	46.19
Total Liabilities / Total Assets	51.33	57.3	59.95	57.37	57.45
EBIT / Interest Expense	1.38	1.74	1.38	1.26	1.95
EBITDA / Interest Expense	1.55	1.89	1.49	1.36	1.99
(EBITDA - Capex) / Interest Expense	1.52	1.86	1.45	1.35	1.97
Total Debt / EBITDA	9.24	7.25	7.84	7.03	5.77
Net Debt / EBITDA	7.93	6.31	6.54	6.84	5.62
Total Debt / (EBITDA - Capex)	9.43	7.35	8.07	7.06	5.82
Net Debt / (EBITDA - Capex)	8.09	6.4	6.72	6.87	5.67
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	17.86	16.93	-3.64	-1.37	5.37
Gross Profit, 1 Yr. Growth %	37.98	26.71	-6.22	-5.17	4.9
EBITDA, 1 Yr. Growth %	34.53	27.06	-9.06	-2.65	6.71
EBITA, 1 Yr. Growth %	36.95	28.24	-9.5	-2.34	7
EBIT, 1 Yr. Growth %	29.79	31.74	-8.8	-2.23	12.7
Earnings From Cont. Operations, 1 Yr. Growth %	-85.88	-104.87	-8.06K	-71.12	-187.94
Net Income, 1 Yr. Growth %	-85.88	-104.87	-8.06K	-71.12	-187.94
Diluted EPS Before Extra, 1 Yr. Growth %	-92.04	-75.52	889	-71.13	-187.94
Normalized Net Income, 1 Yr. Growth %	499.14	-33.07	15.6	-745.92	-317.51
Net Property, Plant and Equip., 1 Yr. Growth %	22.41	-7.48	-7.46	1.85	-9.06
Accounts Receivable, 1 Yr. Growth %	42.35	-15.78	-25.65	-1.61	-13.1
Total Assets, 1 Yr. Growth %	23.97	-9.52	-6.12	-4.72	-9.2
Common Equity, 1 Yr. Growth %	27.75	-20.63	-11.93	1.41	-9.38
Tangible Book Value, 1 Yr. Growth %	25.89	-20.19	-11.41	2.18	-9.38
Cash From Operations, 1 Yr. Growth %	2.97	242.11	-25.16	-15.32	0.01
Capital Expenditures, 1 Yr. Growth %	-1.37	-11.44	81.23	-86.71	150.38
Levered Free Cash Flow, 1 Yr. Growth %	-96.04	-607.16	-47.11	-537.75	-53.19
Unlevered Free Cash Flow, 1 Yr. Growth %	-76.73	719.83	-30.49	1.5K	-42.25
Dividend Per Share, 1 Yr. Growth %	2.94	-11.43	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-19.92	17.4	6.15	-2.51	1.94
Gross Profit, 2 Yr. CAGR %	-23.91	32.23	9.01	-5.7	-0.26
EBITDA, 2 Yr. CAGR %	-24.37	30.74	7.5	-5.91	1.92
EBITA, 2 Yr. CAGR %	-24.7	32.53	7.73	-5.99	2.22
EBIT, 2 Yr. CAGR %	-27.16	30.76	9.61	-5.57	4.97
Earnings From Cont. Operations, 2 Yr. CAGR %	55.19	-91.71	96.85	379.39	-49.61
Net Income, 2 Yr. CAGR %	55.19	-91.71	96.85	379.39	-49.61
Diluted EPS Before Extra, 2 Yr. CAGR %	115.1	-86.04	55.61	68.98	-49.61
Normalized Net Income, 2 Yr. CAGR %	-52.86	100.25	-49.38	173.26	274.83
Net Property, Plant and Equip., 2 Yr. CAGR %	2.56	6.42	-7.47	-2.92	-3.76
Accounts Receivable, 2 Yr. CAGR %	21.34	9.49	-20.87	-14.47	-7.54
Total Assets, 2 Yr. CAGR %	0.39	5.91	-7.84	-5.42	-6.99
Common Equity, 2 Yr. CAGR %	-4.2	0.7	-16.39	-5.5	-4.14
Tangible Book Value, 2 Yr. CAGR %	-4.85	0.24	-15.92	-4.86	-3.77
Cash From Operations, 2 Yr. CAGR %	-45.86	87.69	60.01	-20.39	-2.53
Capital Expenditures, 2 Yr. CAGR %	-18.17	-6.54	26.69	-50.93	-42.32
Levered Free Cash Flow, 2 Yr. CAGR %	-64.01	-19.39	63.79	17.29	34.79
Unlevered Free Cash Flow, 2 Yr. CAGR %	38.96	-13.35	138.72	14.17	190.5
Dividend Per Share, 2 Yr. CAGR %	-60.38	-4.51	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-8.74	-9.15	9.92	3.58	0.05
Gross Profit, 3 Yr. CAGR %	-14.77	-9.81	17.92	4.06	-2.29
EBITDA, 3 Yr. CAGR %	-15.5	-10.09	15.84	4	-1.88
EBITA, 3 Yr. CAGR %	-15.79	-10.08	16.7	4.26	-1.84
EBIT, 3 Yr. CAGR %	-17.74	-11.26	15.96	5.51	0.16
Earnings From Cont. Operations, 3 Yr. CAGR %	-18.89	-51.05	-18.2	3.82	172.39
Net Income, 3 Yr. CAGR %	-18.89	-51.05	-18.2	3.82	172.39
Diluted EPS Before Extra, 3 Yr. CAGR %	-23.67	4.24	-42.24	-11.25	35.92
Normalized Net Income, 3 Yr. CAGR %	-38.28	-47.02	15.36	18.28	153.24
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.85	-0.9	1.58	-4.46	-5.01
Accounts Receivable, 3 Yr. CAGR %	14.96	7.43	-3.76	-14.91	-14.02
Total Assets, 3 Yr. CAGR %	1.05	-3.03	1.74	-6.81	-6.7
Common Equity, 3 Yr. CAGR %	-2.92	-10.02	-3.7	-10.84	-6.81
Tangible Book Value, 3 Yr. CAGR %	-3.27	-10.27	-3.81	-10.27	-6.39
Cash From Operations, 3 Yr. CAGR %	-34.33	0.1	38.14	29.43	-10.75
Capital Expenditures, 3 Yr. CAGR %	-23.09	-15.98	16.55	-40.26	-15.52
Levered Free Cash Flow, 3 Yr. CAGR %	-62.85	28.56	-29.95	91.08	-17.04
Unlevered Free Cash Flow, 3 Yr. CAGR %	-32.66	84.02	-19.49	120.27	-11.75
Dividend Per Share, 3 Yr. CAGR %	-44.52	-48.2	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.42	0.73	-3.05	-6.55	6.66
Gross Profit, 5 Yr. CAGR %	-9.9	-6.87	-5.96	-8.19	10.28
EBITDA, 5 Yr. CAGR %	-10.22	-7.2	-6.96	-8.44	10.06
EBITA, 5 Yr. CAGR %	-10.56	-7.32	-7.07	-8.47	10.68
EBIT, 5 Yr. CAGR %	-10.73	-6.96	-7.73	-9.03	11.43
Earnings From Cont. Operations, 5 Yr. CAGR %	2.43	-52.09	15.64	21.93	-32.61
Net Income, 5 Yr. CAGR %	2.43	-52.09	15.64	21.93	-32.61
Diluted EPS Before Extra, 5 Yr. CAGR %	-6.33	-37.43	1.49	26.46	-45.31
Normalized Net Income, 5 Yr. CAGR %	-25.18	-33.23	-42.98	-18.13	84.82
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.43	-2.83	-3.55	-1.71	-0.59
Accounts Receivable, 5 Yr. CAGR %	34.81	3.89	-0.99	-1.93	-5.29
Total Assets, 5 Yr. CAGR %	-0.36	-2.32	-2.6	-3.99	-1.85
Common Equity, 5 Yr. CAGR %	-4.34	-7.67	-8.55	-8.24	-3.88
Tangible Book Value, 5 Yr. CAGR %	-4.4	-7.73	-8.54	-8.14	-3.79
Cash From Operations, 5 Yr. CAGR %	-21.19	-0.54	-6.23	-8.67	20.16
Capital Expenditures, 5 Yr. CAGR %	-12.41	-21.7	-6.09	-32.24	-12.04
Levered Free Cash Flow, 5 Yr. CAGR %	-43.54	0.44	-14.96	23.93	-17.99
Unlevered Free Cash Flow, 5 Yr. CAGR %	-19.31	3.6	-7.28	52.04	-12.39
Dividend Per Share, 5 Yr. CAGR %	-36.57	-38.2	-	-	-