Income Statement SCBSM

Stocks

CBSM

FR0006239109

Commercial REITs

Market Closed - Euronext Paris 09:25:00 25/09/2026 pm IST			5-day change	1st Jan Change
9.400 ^EUR	0.00%		-1.05%	-

20/04	Invest Securities reiterates rating on SCBSM following "Saint Frères" building acquisition
20/04	SCBSM acquires the "Saint Frères" building in Paris

34.gTpXK_owAk-MiphRa2_BMrJZF-MjTL9U45oSJKqzALo.xmVibLZheDbV4ccrJxaRa_BoY4p1Cv0MssNZZd_7R-7LaXpJnGhRO8DHqA

Published financial data: SCBSM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Rental Revenues	1.46Cr	1.6Cr	1.72Cr	1.87Cr	1.97Cr
Tenant Reimbursements	25.47L	27.75L	28.1L	29.52L	28.36L
Other Revenues, Total	-	-1T	-	-	-
Total Revenues	1.72Cr	1.88Cr	2Cr	2.16Cr	2.25Cr
Property Expenses	37.28L	35.45L	36.66L	37.33L	37.85L
Depreciation & Amortization - (IS) - (Collected)	2L	-76T	-6T	-21T	-6L
Other Operating Expenses	9L	11.73L	13.49L	13.05L	9L
Total Operating Expenses	48.18L	46.42L	50.09L	50.17L	41.19L
Operating Income (REIT / Utility Template)	1.24Cr	1.41Cr	1.5Cr	1.66Cr	1.84Cr
Interest Expense, Total	-56.83L	-53.55L	-70.63L	-87.01L	-82.12L
Interest and Investment Income	6T	3T	4L	12.09L	9L
Net Interest Expenses	-56.77L	-53.52L	-66.24L	-74.92L	-72.84L
Other Non Operating Income (Expenses)	-4L	75.25L	40.75L	-50T	-13.74L
EBT, Excl. Unusual Items	62.96L	1.63Cr	1.24Cr	90.61L	97.72L
Asset Writedown	97.1L	1.75Cr	-30.73L	-87.37L	30.8L
Insurance Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	1.6Cr	3.38Cr	93.58L	3L	1.29Cr
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	1.6Cr	3.38Cr	93.58L	3L	1.29Cr
Net Income to Company	1.6Cr	3.38Cr	93.58L	3L	1.29Cr
Minority Interest	-16T	-8T	-1T	4T	-23T
Net Income - (IS)	1.6Cr	3.38Cr	93.57L	3L	1.28Cr
Net Income to Common Incl Extra Items	1.6Cr	3.38Cr	93.57L	3L	1.28Cr
Net Income to Common Excl. Extra Items	1.6Cr	3.38Cr	93.57L	3L	1.28Cr
Per Share Items
Net EPS - Basic	1.32	2.81	0.72	0.02	0.94
Basic EPS - Continuing Operations	1.32	2.81	0.72	0.02	0.94
Basic Weighted Average Shares Outstanding	1.21Cr	1.21Cr	1.3Cr	1.37Cr	1.37Cr
Net EPS - Diluted	1.22	2.55	0.72	0.02	0.94
Diluted EPS - Continuing Operations	1.22	2.55	0.72	0.02	0.94
Diluted Weighted Average Shares Outstanding	1.48Cr	1.34Cr	1.3Cr	1.37Cr	1.37Cr
Normalized Basic EPS	0.32	0.84	0.6	0.41	0.44
Normalized Diluted EPS	0.26	0.76	0.6	0.41	0.44
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	20.73	-	17.91
Supplemental Items
EBITDA	1.24Cr	1.41Cr	1.5Cr	1.66Cr	1.84Cr
EBITA	1.24Cr	1.41Cr	1.5Cr	1.66Cr	1.84Cr
EBIT	1.24Cr	1.41Cr	1.5Cr	1.66Cr	1.84Cr
Total Revenues (As Reported)	1.76Cr	1.89Cr	2.01Cr	2.18Cr	2.33Cr
Effective Tax Rate - (Ratio)	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	39.19L	1.02Cr	77.68L	56.67L	60.84L
Interest on Long-Term Debt	48.18L	47.73L	69.66L	87.01L	82.08L

Fiscal Period: June	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Gross Property Plant And Equipment	37Cr	44Cr	42Cr	42Cr	47Cr
Accumulated Depreciation	-1L	-1L	-1L	-1L	-1L
Net Property Plant And Equipment	37Cr	44Cr	42Cr	42Cr	47Cr
Total Real Estate Assets	37Cr	44Cr	42Cr	42Cr	47Cr
Cash And Equivalents	2.89Cr	4.04Cr	4.2Cr	3.12Cr	2.86Cr
Accounts Receivable, Total	17.85L	17.48L	15.77L	13.11L	13.39L
Other Receivables	20.65L	22.74L	51.05L	15.12L	15.93L
Investment In Debt and Equity Securities	33.46L	38.73L	67.08L	48.84L	24.73L
Other Current Assets, Total	-	-	-	72T	-
Other Long-Term Assets, Total	2L	2L	2L	1L	29.07L
Total Assets	41Cr	49Cr	48Cr	46Cr	50Cr
Liabilities
Current Portion of Long-Term Debt	51.92L	1.59Cr	1.74Cr	56.64L	67.78L
Current Portion of Leases	25.18L	3L	-	-	-
Short-Term Borrowings	-	-	-	-	-
Long-Term Debt	16Cr	22Cr	20Cr	19Cr	22Cr
Long-Term Leases	3.28Cr	13.13L	-	-	-
Accounts Payable, Total	9L	9L	11.72L	10L	7L
Accrued Expenses, Total	-	-	-	-	-
Current Income Taxes Payable	10.06L	10L	11.77L	11.02L	10.77L
Unearned Revenue, Current	23.38L	24.4L	21.05L	18.1L	16.49L
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	25.25L	29.18L	17.18L	15.5L	62.75L
Other Non Current Liabilities	90.35L	66.09L	45.42L	45.55L	32.95L
Total Liabilities	21Cr	25Cr	23Cr	21Cr	24Cr
Common Stock, Total	3.18Cr	3.18Cr	3.43Cr	3.43Cr	3.43Cr
Retained Earnings	1.6Cr	3.38Cr	93.57L	3L	1.28Cr
Treasury Stock	-33.19L	-3L	-	-	-10L
Comprehensive Income and Other	15Cr	17Cr	21Cr	22Cr	22Cr
Total Common Equity	20Cr	24Cr	25Cr	25Cr	26Cr
Minority Interest	46T	54T	55T	48T	72T
Total Equity	20Cr	24Cr	25Cr	25Cr	26Cr
Total Liabilities And Equity	41Cr	49Cr	48Cr	46Cr	50Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.19Cr	1.27Cr	1.37Cr	1.36Cr	1.35Cr
ECS Total Common Shares Outstanding	1.22Cr	1.26Cr	1.37Cr	1.36Cr	1.35Cr
Book Value / Share	16.29	18.78	18.5	18.58	19.5
Tangible Book Value	20Cr	24Cr	25Cr	25Cr	26Cr
Tangible Book Value Per Share	16.29	18.78	18.5	18.58	19.5
Total Debt	20Cr	24Cr	22Cr	20Cr	23Cr
Net Debt	17Cr	20Cr	17Cr	17Cr	20Cr
Minority Interest, Total (Incl. Fin. Div)	46T	54T	55T	48T	72T
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	37Cr	44Cr	42Cr	42Cr	47Cr
Full Time Employees	4	4	4	4	5
Accumulated Allowance for Doubtful Accounts (Supple)	8L	4L	4L	6L	3L

Fiscal Period: June	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	1.6Cr	3.38Cr	93.57L	3L	1.28Cr
Depreciation, Depletion & Amortization	4T	6T	7T	-	6T
Total Depreciation, Depletion & Amortization	4T	6T	7T	-	6T
Amortization of Deferred Charges, Total	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	4L	-1.03Cr	-33.38L	17.52L	26.13L
Total Asset Writedown	-92.8L	-2.03Cr	18.55L	87.43L	-36.76L
Change in Other Net Operating Assets (Collected)	12.33L	-79T	8L	-3L	-8L
Other Operating Activities	56.89L	81.11L	59.76L	57.92L	56.31L
Cash from Operations	1.4Cr	1.13Cr	1.47Cr	1.63Cr	1.67Cr
Acquisition of Real Estate Assets, Total	-4.19Cr	-5.37Cr	-74.03L	-1.58Cr	-4.37Cr
Sale of Real Estate Assets, Total	4.05Cr	79.36L	1.79Cr	1.11Cr	18.9L
Net Sale / Acquisition of Real Estate Assets	-14.02L	-4.57Cr	1.05Cr	-47.06L	-4.18Cr
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-26T	-14T	-14T	82T	2T
Other Investing Activities, Total	-	-	-	-	9L
Cash from Investing	-14.28L	-4.57Cr	1.05Cr	-46.24L	-4.09Cr
Long-Term Debt Issued, Total	3.56Cr	9.56Cr	43.81L	50L	3.34Cr
Total Debt Issued	3.56Cr	9.56Cr	43.81L	50L	3.34Cr
Long-Term Debt Repaid, Total	-2.52Cr	-4.38Cr	-2.02Cr	-2.12Cr	-50.66L
Total Debt Repaid	-2.52Cr	-4.38Cr	-2.02Cr	-2.12Cr	-50.66L
Issuance of Common Stock	18T	-	-	-	-
Repurchase of Common Stock	-	-18T	-3L	-7L	-14.77L
Common Dividends Paid	-	-	-19.4L	-	-22.98L
Common & Preferred Stock Dividends Paid	-	-	-19.4L	-	-22.98L
Other Financing Activities, Total	-48.95L	-58.07L	-54.52L	-55.61L	-29.92L
Cash from Financing	55.7L	4.6Cr	-2.35Cr	-2.24Cr	2.16Cr
Miscellaneous Cash Flow Adjustments	-	-	1T	-	-1T
Net Change in Cash	1.82Cr	1.15Cr	16.14L	-1.08Cr	-26.37L
Supplemental Items
Cash Interest Paid	47.25L	58.11L	60.94L	85.72L	79.49L
Cash Income Tax Paid (Refund)	-	-	-	-	-
Net Debt Issued / Repaid	1.04Cr	5.18Cr	-1.58Cr	-1.62Cr	2.84Cr
Levered Free Cash Flow	53.4L	57.71L	-13.2L	79.93L	1.06Cr
Unlevered Free Cash Flow	88.92L	91.18L	30.94L	1.34Cr	1.57Cr
Change In Net Working Capital	-11.64L	-3L	62.75L	-30.54L	-41.93L

Fiscal Period: June	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	1.95	1.96	1.93	2.2	2.39
Return on Total Capital	2.02	2.03	1.98	2.25	2.45
Return On Equity %	8.36	15.54	3.82	0.13	4.98
Return on Common Equity	8.35	15.54	3.82	0.13	4.97
Margin Analysis
Gross Profit Margin %	78.3	81.11	81.66	82.73	83.21
EBITDA Margin %	71.97	75.29	74.98	76.83	81.76
EBITA Margin %	71.95	75.26	74.94	76.79	81.73
EBIT Margin %	71.95	75.26	74.94	76.79	81.73
Income From Continuing Operations Margin %	93.18	180.27	46.82	1.5	57
Net Income Margin %	93.09	180.23	46.81	1.52	56.89
Net Avail. For Common Margin %	93.09	180.23	46.81	1.52	56.89
Normalized Net Income Margin	22.82	54.23	38.86	26.21	26.98
Levered Free Cash Flow Margin	31.09	30.76	-6.6	36.97	46.94
Unlevered Free Cash Flow Margin	51.77	48.6	15.48	62.12	69.7
Asset Turnover
Asset Turnover	0.04	0.04	0.04	0.05	0.05
Fixed Assets Turnover	0.05	0.05	0.05	0.05	0.05
Receivables Turnover (Average Receivables)	10.7	10.62	12.02	14.97	17.02
Short Term Liquidity
Current Ratio	2.26	1.9	2.06	3.07	1.92
Quick Ratio	2.26	1.9	2.06	3.07	1.92
Operating Cash Flow to Current Liabilities	0.97	0.48	0.62	1.47	1.01
Days Sales Outstanding (Average Receivables)	34.1	34.36	30.36	24.45	21.45
Average Days Payable Outstanding	112.89	93.95	103.7	105.35	79.32
Long Term Solvency
Total Debt/Equity	98.08	101.49	84.88	78.62	86.41
Total Debt / Total Capital	49.52	50.37	45.91	44.02	46.35
LT Debt/Equity	94.21	94.64	78.02	76.38	83.83
Long-Term Debt / Total Capital	47.56	46.97	42.2	42.76	44.97
Total Liabilities / Total Assets	51.46	51.77	47.12	45.22	47.74
EBIT / Interest Expense	2.17	2.64	2.12	1.91	2.24
EBITDA / Interest Expense	2.18	2.64	2.12	1.91	2.25
(EBITDA - Capex) / Interest Expense	2.18	2.64	2.12	1.91	2.25
Total Debt / EBITDA	15.82	16.95	14.37	11.99	12.31
Net Debt / EBITDA	13.49	14.1	11.57	10.11	10.76
Total Debt / (EBITDA - Capex)	15.82	16.95	14.37	11.99	12.31
Net Debt / (EBITDA - Capex)	13.49	14.1	11.57	10.11	10.76
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.38	9.23	6.53	8.16	4.29
Gross Profit, 1 Yr. Growth %	12.15	13.15	7.26	9.58	4.9
EBITDA, 1 Yr. Growth %	3.15	14.26	6.09	10.83	10.99
EBITA, 1 Yr. Growth %	3.15	14.25	6.08	10.83	11
EBIT, 1 Yr. Growth %	3.15	14.25	6.08	10.83	11
Earnings From Cont. Operations, 1 Yr. Growth %	-30.86	111.31	-72.33	-96.54	3.87T
Net Income, 1 Yr. Growth %	-30.9	111.48	-72.33	-96.49	3.81T
Diluted EPS Before Extra, 1 Yr. Growth %	-26.58	109.76	-71.84	-97.21	4.59T
Normalized Net Income, 1 Yr. Growth %	67.09	159.64	-23.65	-27.05	7.36
Net Property, Plant and Equip., 1 Yr. Growth %	2.96	17.68	-3.76	-0.18	9.93
Accounts Receivable, 1 Yr. Growth %	25.26	-2.07	-9.78	-16.87	2.14
Total Assets, 1 Yr. Growth %	7.2	19.1	-1.94	-3.59	8.62
Common Equity, 1 Yr. Growth %	8.64	18.32	7.54	-0.14	3.62
Tangible Book Value, 1 Yr. Growth %	8.64	18.32	7.54	-0.14	3.62
Cash From Operations, 1 Yr. Growth %	66.37	-19.51	30.05	10.83	2.37
Levered Free Cash Flow, 1 Yr. Growth %	-222.31	8.14	-115.88	-702.37	32.43
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.37T	2.58	-73.46	335.01	17.02
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.38	9.3	7.88	7.34	6.21
Gross Profit, 2 Yr. CAGR %	8.43	12.65	10.17	8.42	7.22
EBITDA, 2 Yr. CAGR %	12.27	8.57	10.1	8.43	10.91
EBITA, 2 Yr. CAGR %	12.39	8.56	10.09	8.43	10.92
EBIT, 2 Yr. CAGR %	12.39	8.56	10.09	8.43	10.92
Earnings From Cont. Operations, 2 Yr. CAGR %	-7.84	20.88	-23.54	-90.21	17.19
Net Income, 2 Yr. CAGR %	-7.86	20.89	-23.5	-90.15	17.09
Diluted EPS Before Extra, 2 Yr. CAGR %	-5.14	24.1	-23.14	-91.14	14.31
Normalized Net Income, 2 Yr. CAGR %	151.29	108.29	40.79	-25.37	-11.5
Net Property, Plant and Equip., 2 Yr. CAGR %	4.33	10.07	6.42	-1.99	4.76
Accounts Receivable, 2 Yr. CAGR %	18.69	10.76	-6.01	-13.4	-7.85
Total Assets, 2 Yr. CAGR %	2.69	13	8.07	-2.77	2.33
Common Equity, 2 Yr. CAGR %	12.1	13.38	12.8	3.63	1.72
Tangible Book Value, 2 Yr. CAGR %	12.1	13.38	12.8	3.63	1.72
Cash From Operations, 2 Yr. CAGR %	53.17	15.72	2.31	20.06	6.52
Levered Free Cash Flow, 2 Yr. CAGR %	40.14	14.97	-50.27	-1.93	182.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	10.14	261.2	-41	7.34	125.63
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.71	5.97	8.37	7.97	6.32
Gross Profit, 3 Yr. CAGR %	-0.38	9.98	10.82	9.97	7.23
EBITDA, 3 Yr. CAGR %	0.92	12.93	7.74	10.34	9.28
EBITA, 3 Yr. CAGR %	0.93	13.01	7.73	10.34	9.28
EBIT, 3 Yr. CAGR %	0.93	13.01	7.73	10.34	9.28
Earnings From Cont. Operations, 3 Yr. CAGR %	13.52	21.53	-26.06	-72.75	-27.57
Net Income, 3 Yr. CAGR %	13.44	21.54	-26.05	-72.63	-27.61
Diluted EPS Before Extra, 3 Yr. CAGR %	12.42	23.59	-24.3	-74.56	-28.34
Normalized Net Income, 3 Yr. CAGR %	17.94	154.04	49.06	13.08	-15.75
Net Property, Plant and Equip., 3 Yr. CAGR %	5.53	8.6	5.25	4.17	1.84
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 3 Yr. CAGR %	10.84	11.32	3.44	-9.78	-8.5
Total Assets, 3 Yr. CAGR %	5.89	7.89	7.78	4.03	0.89
Common Equity, 3 Yr. CAGR %	13.15	14.14	11.4	8.31	3.63
Tangible Book Value, 3 Yr. CAGR %	13.15	14.14	11.4	8.31	3.63
Cash From Operations, 3 Yr. CAGR %	-0.41	23.6	20.31	5.08	13.85
Levered Free Cash Flow, 3 Yr. CAGR %	47.58	28.51	-32.89	14.41	8.4
Unlevered Free Cash Flow, 3 Yr. CAGR %	12.03	7.54	64.21	14.75	10.47
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.99	0.99	2.02	6.52	7.5
Gross Profit, 5 Yr. CAGR %	-0.04	3.43	3.71	9.35	9.37
EBITDA, 5 Yr. CAGR %	0.59	4.91	4.5	11.11	8.99
EBITA, 5 Yr. CAGR %	1.23	4.92	4.5	11.16	9
EBIT, 5 Yr. CAGR %	1.23	4.92	4.5	11.16	9
Earnings From Cont. Operations, 5 Yr. CAGR %	9.29	26.02	-3.08	-55.63	-11.1
Net Income, 5 Yr. CAGR %	9.27	26.06	-3.1	-55.52	-11.13
Diluted EPS Before Extra, 5 Yr. CAGR %	8.15	29.01	-3.44	-56.94	-10.73
Normalized Net Income, 5 Yr. CAGR %	17.29	31.49	26.6	55.63	21
Net Property, Plant and Equip., 5 Yr. CAGR %	3.27	6.38	5.88	4.24	5.05
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 5 Yr. CAGR %	-0.14	-1.63	3.76	0.69	-1.24
Total Assets, 5 Yr. CAGR %	3.94	6.58	6.75	3.5	5.57
Common Equity, 5 Yr. CAGR %	11.25	12.92	13.01	9.81	7.42
Tangible Book Value, 5 Yr. CAGR %	11.25	12.92	13.01	9.81	7.42
Cash From Operations, 5 Yr. CAGR %	3.75	10.89	0.67	22.17	14.59
Levered Free Cash Flow, 5 Yr. CAGR %	-6.82	-5.22	-4.5	24.07	19.38
Unlevered Free Cash Flow, 5 Yr. CAGR %	-6.63	-5.22	-13.32	12.87	86.38