Schroder Real Estate Investment Trust Ltd
LSE:SREI
Income Statement
Earnings Waterfall
Schroder Real Estate Investment Trust Ltd
Income Statement
Schroder Real Estate Investment Trust Ltd
| Sep-2006 | Mar-2007 | Sep-2007 | Mar-2008 | Sep-2008 | Mar-2009 | Sep-2009 | Mar-2010 | Sep-2010 | Mar-2011 | Sep-2011 | Mar-2012 | Sep-2012 | Mar-2013 | Sep-2013 | Mar-2014 | Sep-2014 | Mar-2015 | Sep-2015 | Mar-2016 | Sep-2016 | Mar-2017 | Sep-2017 | Mar-2018 | Sep-2018 | Mar-2019 | Sep-2019 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | Mar-2024 | Sep-2024 | Mar-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
10
|
11
|
13
|
15
|
0
|
14
|
0
|
11
|
0
|
10
|
0
|
10
|
0
|
8
|
0
|
6
|
0
|
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
66
N/A
|
77
+16%
|
45
-41%
|
(1)
N/A
|
(27)
-1 854%
|
(1)
+96%
|
29
N/A
|
30
+3%
|
28
-4%
|
26
-8%
|
27
+5%
|
39
+41%
|
38
-3%
|
24
-37%
|
22
-8%
|
21
-4%
|
22
+8%
|
24
+8%
|
24
+1%
|
25
+3%
|
26
+2%
|
25
-1%
|
26
+3%
|
26
-2%
|
25
-3%
|
27
+7%
|
27
+1%
|
23
-13%
|
21
-10%
|
22
+3%
|
23
+8%
|
24
+5%
|
25
+3%
|
25
+0%
|
26
+3%
|
27
+4%
|
27
-1%
|
28
+3%
|
29
+5%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(11)
|
(12)
|
(10)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
|
| Gross Profit |
55
N/A
|
64
+16%
|
35
-45%
|
(3)
N/A
|
(30)
-774%
|
(3)
+91%
|
27
N/A
|
28
+3%
|
26
-6%
|
24
-9%
|
25
+6%
|
36
+44%
|
35
-3%
|
21
-41%
|
18
-11%
|
18
-3%
|
19
+9%
|
21
+10%
|
22
+2%
|
22
+2%
|
23
+3%
|
23
+0%
|
24
+5%
|
24
+0%
|
23
-3%
|
24
+5%
|
24
+0%
|
21
-13%
|
18
-14%
|
19
+2%
|
21
+14%
|
23
+6%
|
23
+2%
|
23
+0%
|
24
+4%
|
25
+5%
|
25
-1%
|
25
+1%
|
26
+2%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(8)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
|
| Selling, General & Administrative |
(7)
|
(8)
|
(8)
|
(9)
|
(8)
|
(8)
|
(6)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(4)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
|
| Other Operating Expenses |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Operating Income |
48
N/A
|
57
+18%
|
27
-53%
|
(13)
N/A
|
(38)
-204%
|
(11)
+72%
|
21
N/A
|
22
+8%
|
21
-8%
|
18
-13%
|
19
+8%
|
31
+62%
|
31
0%
|
17
-45%
|
15
-12%
|
14
-6%
|
15
+10%
|
17
+7%
|
16
-2%
|
17
+3%
|
17
+3%
|
17
+1%
|
18
+6%
|
18
-1%
|
18
-3%
|
19
+7%
|
18
-1%
|
15
-16%
|
13
-17%
|
13
+4%
|
16
+20%
|
17
+7%
|
17
+1%
|
18
+2%
|
19
+7%
|
20
+4%
|
19
-3%
|
20
+3%
|
20
+3%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
57
|
41
|
9
|
(77)
|
(141)
|
(172)
|
(111)
|
19
|
21
|
(6)
|
(18)
|
(17)
|
(17)
|
(27)
|
(18)
|
8
|
37
|
39
|
26
|
20
|
(3)
|
5
|
18
|
17
|
17
|
0
|
(9)
|
(21)
|
(31)
|
(9)
|
31
|
72
|
42
|
(72)
|
(73)
|
(17)
|
(8)
|
11
|
9
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(5)
|
(3)
|
0
|
(27)
|
(27)
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
(6)
|
0
|
(1)
|
0
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
105
N/A
|
97
-7%
|
35
-64%
|
(90)
N/A
|
(179)
-100%
|
(184)
-3%
|
(90)
+51%
|
36
N/A
|
41
+14%
|
11
-73%
|
0
-96%
|
12
+2 365%
|
13
+11%
|
(11)
N/A
|
(3)
+69%
|
21
N/A
|
53
+152%
|
55
+5%
|
42
-23%
|
36
-14%
|
14
-62%
|
23
+65%
|
37
+61%
|
34
-8%
|
30
-11%
|
16
-47%
|
10
-38%
|
(32)
N/A
|
(46)
-41%
|
5
N/A
|
47
+925%
|
89
+92%
|
59
-34%
|
(55)
N/A
|
(54)
+1%
|
3
N/A
|
11
+273%
|
31
+176%
|
30
-5%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
(1)
|
(1)
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
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
|
|
| Income from Continuing Operations |
105
|
97
|
34
|
(89)
|
(179)
|
(184)
|
(90)
|
35
|
40
|
10
|
(0)
|
11
|
13
|
(11)
|
(3)
|
21
|
53
|
55
|
42
|
36
|
14
|
23
|
37
|
34
|
30
|
16
|
10
|
(32)
|
(46)
|
5
|
47
|
89
|
59
|
(55)
|
(54)
|
3
|
11
|
31
|
30
|
|
| Net Income (Common) |
105
N/A
|
97
-8%
|
34
-64%
|
(89)
N/A
|
(179)
-100%
|
(184)
-3%
|
(90)
+51%
|
35
N/A
|
40
+14%
|
10
-74%
|
(0)
N/A
|
11
N/A
|
13
+16%
|
(11)
N/A
|
(3)
+72%
|
21
N/A
|
53
+152%
|
55
+4%
|
42
-24%
|
36
-13%
|
14
-62%
|
23
+65%
|
37
+61%
|
34
-8%
|
30
-11%
|
16
-47%
|
10
-38%
|
(32)
N/A
|
(46)
-41%
|
5
N/A
|
47
+925%
|
89
+92%
|
59
-34%
|
(55)
N/A
|
(54)
+1%
|
3
N/A
|
11
+273%
|
31
+176%
|
30
-5%
|
|
| EPS (Diluted) |
0.29
N/A
|
0.27
-7%
|
0.09
-67%
|
-0.25
N/A
|
-0.52
-108%
|
-0.55
-6%
|
-0.27
+51%
|
0.11
N/A
|
0.12
+9%
|
0.03
-75%
|
0
N/A
|
0.03
N/A
|
0.04
+33%
|
-0.03
N/A
|
-0.01
+67%
|
0.06
N/A
|
0.12
+100%
|
0.11
-8%
|
0.08
-27%
|
0.07
-12%
|
0.03
-57%
|
0.04
+33%
|
0.07
+75%
|
0.07
N/A
|
0.06
-14%
|
0.03
-50%
|
0.02
-33%
|
-0.06
N/A
|
-0.09
-50%
|
0.01
N/A
|
0.1
+900%
|
0.18
+80%
|
0.12
-33%
|
-0.11
N/A
|
-0.11
N/A
|
0.01
N/A
|
0.02
+100%
|
0.06
+200%
|
0.06
N/A
|
|