Shurgard Self Storage Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	450.85	406.5	357.92	335.29	300.38
Total Revenue	450.85	406.5	357.92	335.29	300.38
Revenue Growth (YoY	10.91%	13.57%	6.75%	11.62%	10.68%
Property Expenses	146.15	131.06	114.11	107.95	100.28
Selling, General & Administrative	45.37	39.46	35.85	31.68	28.5
Other Operating Expenses	1.11	3.23	0.22	-	-
Total Operating Expenses	192.63	173.75	150.18	139.63	128.78
Operating Income	258.23	232.75	207.74	195.67	171.6
Interest Expense	-52.28	-36.26	-23.25	-21.32	-19.99
Interest & Investment Income	2.56	6.02	3.12	0.62	-
Currency Exchange Gain (Loss)	-0.03	-4.39	-0.14	-0.09	0.02
Other Non-Operating Income	0	-0	-	-	-
EBT Excluding Unusual Items	208.48	198.12	187.47	174.88	151.63
Merger & Restructuring Charges	-	-3.7	-	-	-
Total Insurance Settlements	-	-	-	-	6.52
Asset Writedown	519.74	331.07	294.35	586.18	466.58
Other Unusual Items	-1.01	-	-0.7	0.78	-
Pretax Income	727.21	525.5	481.12	761.84	624.72
Income Tax Expense	127.93	121.82	-53.28	186.24	177.13
Earnings From Continuing Operations	599.29	403.68	534.4	575.6	447.59
Minority Interest in Earnings	-1.53	-0.83	-1.09	-1.32	-0.74
Net Income	597.76	402.85	533.31	574.28	446.85
Net Income to Common	597.76	402.85	533.31	574.28	446.85
Net Income Growth	48.38%	-24.46%	-7.13%	28.52%	54.36%
Basic Shares Outstanding	100	98	90	89	89
Diluted Shares Outstanding	100	98	91	90	89
Shares Change (YoY)	1.87%	8.18%	0.92%	0.34%	0.28%
EPS (Basic)	6.00	4.13	5.91	6.45	5.03
EPS (Diluted)	5.99	4.11	5.89	6.40	5.00
EPS Growth	45.74%	-30.22%	-7.97%	28.00%	53.85%
Dividend Per Share	1.170	1.170	1.170	1.170	1.170
Dividend Growth	-	-	-	-	10.38%
Operating Margin	57.27%	57.26%	58.04%	58.36%	57.13%
Profit Margin	132.58%	99.10%	149.00%	171.28%	148.76%
EBITDA	263.76	236.15	211.12	198.53	174.22
EBITDA Margin	58.50%	58.09%	58.98%	59.21%	58.00%
D&A For Ebitda	5.53	3.4	3.38	2.87	2.62
EBIT	258.23	232.75	207.74	195.67	171.6
EBIT Margin	57.27%	57.26%	58.04%	58.36%	57.13%
Effective Tax Rate	17.59%	23.18%	-	24.45%	28.35%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.