“If not for the substantial weakness of most APAC currencies versus the US dollar in 2022, total Ebitda and Patmi would have risen by 20% and 24% compared to 2021, notes Jeffrey Perlman, chairman of ESR.
ESR Group announced a 7.1% y-o-y rise in revenue to US$821 million in FY2022, compared with the pro forma Enlarged Group's FY2021 revenue of US$767 million. Total Ebitda increased by 10.2% to US$1.15 billion from US$1 billion in the pro forma Enlarged Group's FY2021 Ebitda. Patmi grew 9.3% y-o-y to US$655 million in FY2022 from US$599 million pro forma Enlarged Group, On a standalone basis, ESR Group’s actual revenue growth in FY2022 was 127.7% y-o-y, Ebitda rose 63% and Patmi 73.5%.
In January 2022, ESR completed the acquisition of ARA Asset Management for US$5.2 billion and was able to report revenue and earnings of the enlarged group in FY2022.
