Kuwait Real Estate Company

KREStocksBoursa KuwaitReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (KWD)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	36.11M	30.66M	31.76M	22.15M	22.63M
Interest Expense	-12.78M	-10.78M	-8.03M	-5.22M	-6.17M
Pretax Income	16.23M	12.89M	7.65M	7.25M	3.97M
Income Tax	744.33K	633.66K	107.71K	116.51K	60.82K
Net Income	13.41M	11.29M	7.27M	6.25M	3.57M
Rental Revenue	34.86M	28.90M	27.62M	21.43M	21.90M
Property Expenses	12.27M	8.19M	7.64M	3.40M	2.95M
Operating Income	19.59M	19.30M	20.20M	14.62M	16.57M
EPS (Basic)	0.01	0.01	0.01	0.01	0.00
EPS (Diluted)	0.01	0.01	0.01	0.01	0.00
DPS	—	0.00	0.00	0.00	—
Margins & Efficiency
Net Margin %	+37.1%	+36.8%	+22.9%	+28.2%	+15.8%
Revenue & Income
Revenue Growth (YoY)	+17.8%	-3.5%	+43.4%	-2.1%	-9.2%
Revenue RE	36.11M	30.66M	31.76M	22.15M	22.63M
Rental Revenue	34.86M	28.90M	27.62M	21.43M	21.90M
Other Revenue RE	-1.54M	0.79M	3.92M	0.85M	0.84M
Gain Assets RE	—	10.96M	-0.02M	1.73M	0.35M
Gain Investments Rev Real Estate	2.41M	0.61M	-0.20M	-0.38M	-0.52M
Expenses & Provisions
SG&A RE	3.56M	3.03M	2.90M	2.16M	1.99M
Total Operating Expenses RE	16.52M	11.36M	11.56M	7.53M	6.06M
Interest Expense RE	-12.78M	-10.78M	-8.03M	-5.22M	-6.17M
Other Non Oper Exp Suppl RE	-111.21K	-141.07K	-197.90K	-226.59K	—
Property Expenses	12.27M	8.19M	7.64M	3.40M	2.95M
Asset Writedown	9.53M	-6.44M	-4.30M	-3.66M	-6.78M
D&A For EBITDA	749.89K	229.24K	32.58K	45.67K	134.99K
Profitability & Returns
EBIT	19.59M	19.30M	20.20M	14.62M	16.57M
EBIT Margin	+54.2%	+62.9%	+63.6%	+66.0%	+73.2%
EBITDA	20.34M	19.53M	20.23M	14.67M	16.71M
EBITDA Margin	+56.3%	+63.7%	+63.7%	+66.2%	+73.8%
EBT Excl RE	6.70M	8.38M	11.96M	9.18M	10.40M
Pretax Income	16.23M	12.89M	7.65M	7.25M	3.97M
Operating Income RE	19.59M	19.30M	20.20M	14.62M	16.57M
Operating Margin	+54.2%	+62.9%	+63.6%	+66.0%	+73.2%
Profit Margin	+37.2%	+36.8%	+22.9%	+28.2%	+15.8%
Net Income	13.41M	11.29M	7.27M	6.25M	3.57M
Net Income to Common	13.41M	11.29M	7.27M	6.25M	3.57M
Net Income Growth	+18.9%	+55.3%	+16.3%	+75.2%	-49.4%
Earnings From Continuing Ops.	15.49M	12.26M	7.54M	7.13M	3.91M
Minority Interest in Earnings	-2.07M	-0.97M	-0.27M	-0.88M	-0.34M
Income Tax Expense	744.33K	633.66K	107.71K	116.51K	60.82K
Effective Tax Rate	+4.6%	+4.9%	+1.4%	+1.6%	+1.5%
Net Interest Expense RE	-12.78M	-10.78M	-8.03M	-5.22M	-6.17M
Per Share & Capital
EPS (Basic)	0.01	0.01	0.01	0.01	0.00
EPS (Diluted)	0.01	0.01	0.01	0.01	0.00
EPS Growth	+19.5%	+55.0%	+14.4%	+68.8%	-50.4%
Dividend Per Share	—	0.00	0.00	0.00	—
Shares Change (YoY)	-0.01	0	0.02	0.04	0.02
Shares Outstanding (Basic)	1.03B	1.03B	1.03B	1.01B	0.98B
Shares Outstanding (Diluted)	1.03B	1.03B	1.03B	1.01B	0.98B
Dividend Growth	—	+33.3%	—	—	—
Payout Ratio	+26.9%	+23.1%	+35.7%	—	—
Supplemental
Other Operating Expenses RE	692.09K	—	88.04K	-341.74K	93.46K

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	36.11M	30.66M	31.76M	22.15M	22.63M
Interest Expense	-12.78M	-10.78M	-8.03M	-5.22M	-6.17M
Pretax Income	16.23M	12.89M	7.65M	7.25M	3.97M
Income Tax	744.33K	633.66K	107.71K	116.51K	60.82K
Net Income	13.41M	11.29M	7.27M	6.25M	3.57M
Rental Revenue	34.86M	28.90M	27.62M	21.43M	21.90M
Property Expenses	12.27M	8.19M	7.64M	3.40M	2.95M
Operating Income	19.59M	19.30M	20.20M	14.62M	16.57M
EPS (Basic)	0.01	0.01	0.01	0.01	0.00
EPS (Diluted)	0.01	0.01	0.01	0.01	0.00
DPS	—	0.00	0.00	0.00	—
Margins & Efficiency
Net Margin %	+37.1%	+36.8%	+22.9%	+28.2%	+15.8%
Revenue & Income
Revenue Growth (YoY)	+17.8%	-3.5%	+43.4%	-2.1%	-9.2%
Revenue RE	36.11M	30.66M	31.76M	22.15M	22.63M
Rental Revenue	34.86M	28.90M	27.62M	21.43M	21.90M
Other Revenue RE	-1.54M	0.79M	3.92M	0.85M	0.84M
Gain Assets RE	—	10.96M	-0.02M	1.73M	0.35M
Gain Investments Rev Real Estate	2.41M	0.61M	-0.20M	-0.38M	-0.52M
Expenses & Provisions
SG&A RE	3.56M	3.03M	2.90M	2.16M	1.99M
Total Operating Expenses RE	16.52M	11.36M	11.56M	7.53M	6.06M
Interest Expense RE	-12.78M	-10.78M	-8.03M	-5.22M	-6.17M
Other Non Oper Exp Suppl RE	-111.21K	-141.07K	-197.90K	-226.59K	—
Property Expenses	12.27M	8.19M	7.64M	3.40M	2.95M
Asset Writedown	9.53M	-6.44M	-4.30M	-3.66M	-6.78M
D&A For EBITDA	749.89K	229.24K	32.58K	45.67K	134.99K
Profitability & Returns
EBIT	19.59M	19.30M	20.20M	14.62M	16.57M
EBIT Margin	+54.2%	+62.9%	+63.6%	+66.0%	+73.2%
EBITDA	20.34M	19.53M	20.23M	14.67M	16.71M
EBITDA Margin	+56.3%	+63.7%	+63.7%	+66.2%	+73.8%
EBT Excl RE	6.70M	8.38M	11.96M	9.18M	10.40M
Pretax Income	16.23M	12.89M	7.65M	7.25M	3.97M
Operating Income RE	19.59M	19.30M	20.20M	14.62M	16.57M
Operating Margin	+54.2%	+62.9%	+63.6%	+66.0%	+73.2%
Profit Margin	+37.2%	+36.8%	+22.9%	+28.2%	+15.8%
Net Income	13.41M	11.29M	7.27M	6.25M	3.57M
Net Income to Common	13.41M	11.29M	7.27M	6.25M	3.57M
Net Income Growth	+18.9%	+55.3%	+16.3%	+75.2%	-49.4%
Earnings From Continuing Ops.	15.49M	12.26M	7.54M	7.13M	3.91M
Minority Interest in Earnings	-2.07M	-0.97M	-0.27M	-0.88M	-0.34M
Income Tax Expense	744.33K	633.66K	107.71K	116.51K	60.82K
Effective Tax Rate	+4.6%	+4.9%	+1.4%	+1.6%	+1.5%
Net Interest Expense RE	-12.78M	-10.78M	-8.03M	-5.22M	-6.17M
Per Share & Capital
EPS (Basic)	0.01	0.01	0.01	0.01	0.00
EPS (Diluted)	0.01	0.01	0.01	0.01	0.00
EPS Growth	+19.5%	+55.0%	+14.4%	+68.8%	-50.4%
Dividend Per Share	—	0.00	0.00	0.00	—
Shares Change (YoY)	-0.01	0	0.02	0.04	0.02
Shares Outstanding (Basic)	1.03B	1.03B	1.03B	1.01B	0.98B
Shares Outstanding (Diluted)	1.03B	1.03B	1.03B	1.01B	0.98B
Dividend Growth	—	+33.3%	—	—	—
Payout Ratio	+26.9%	+23.1%	+35.7%	—	—
Supplemental
Other Operating Expenses RE	692.09K	—	88.04K	-341.74K	93.46K