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Premiere Island Power REIT (PHS:PREIT) Net Income : ₱693.4 Mil (TTM As of Mar. 2024)


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What is Premiere Island Power REIT Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Premiere Island Power REIT's Net Income for the three months ended in Mar. 2024 was ₱123.7 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was ₱693.4 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Premiere Island Power REIT's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was ₱0.04.


Premiere Island Power REIT Net Income Historical Data

The historical data trend for Premiere Island Power REIT's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Premiere Island Power REIT Net Income Chart

Premiere Island Power REIT Annual Data
Trend Dec21 Dec22 Dec23
Net Income
412.61 - 704.01

Premiere Island Power REIT Quarterly Data
Dec21 May22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only 120.82 133.12 132.59 303.98 123.73

Premiere Island Power REIT Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Premiere Island Power REIT's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=781.481+-77.471+0+0
=704.0

Premiere Island Power REIT's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=130.375+-6.643+0+0
=123.7

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱693.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Premiere Island Power REIT  (PHS:PREIT) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Premiere Island Power REIT's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Premiere Island Power REIT Net Income Related Terms

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Premiere Island Power REIT (PHS:PREIT) Business Description

Traded in Other Exchanges
N/A
Address
CV Starr Avenue, 4th Floor Starmall IT Hub, Pamplona Dos, Philamlife Village, Las Piñas, PHL, 1747
Premiere Island Power REIT Corp operates as a real estate investment trust, holding assets that operate in the power generation industry. It is formed primarily to own and invest in income-generating assets that meet the company's investment criteria. The REIT has determined that it operates as one operating segment. The REIT's only income-generating activity is the lease of its land, right-of-use asset, buildings and generation asset. The REIT derives its rental income from SIPCOR and CAMPCOR.

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