EPA:URW 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	2,328	2,427	2,322	2,231	1,833
Other Revenue	1,219	864.8	569.3	720.7	115.8
Total Revenue	3,547	3,292	2,891	2,952	1,949
Revenue Growth (YoY	7.76%	13.84%	-2.05%	51.45%	96.16%
Property Expenses	1,083	1,210	1,179	1,118	1,083
Selling, General & Administrative	171.2	179.6	199.3	210.4	180.6
Depreciation & Amortization	26.5	23.6	31.9	32.4	32.9
Other Operating Expenses	-0.1	-	-	-	-
Total Operating Expenses	1,281	1,413	1,410	1,361	1,296
Operating Income	2,266	1,879	1,482	1,591	652.9
Interest Expense	-828.6	-1,108	-994.6	-719.4	-677.8
Interest & Investment Income	392.4	626	523.9	273	236.9
Other Non-Operating Income	0.1	-	-0.2	-0.1	0.2
EBT Excluding Unusual Items	1,830	1,397	1,011	1,145	212.2
Merger & Restructuring Charges	-	-	-8.9	-	-8.9
Impairment of Goodwill	-159.5	-39.2	-234	-	-145.9
Gain (Loss) on Sale of Investments	33.7	69.8	86.5	7.7	2.6
Gain (Loss) on Sale of Assets	120	-8.7	-10.3	30.9	208.3
Asset Writedown	302.8	-1,078	-2,246	-1,111	-1,197
Other Unusual Items	-244.2	63.7	-369.2	278.5	-95.2
Pretax Income	1,869	391	-1,771	351.2	-1,024
Income Tax Expense	361.5	112.8	7.4	62.7	-32.9
Earnings From Continuing Operations	1,507	278.2	-1,779	288.5	-991.3
Minority Interest in Earnings	-239	-132	149.6	-110.3	19.2
Net Income	1,268	146.2	-1,629	178.2	-972.1
Net Income to Common	1,268	146.2	-1,629	178.2	-972.1
Net Income Growth	767.44%	-	-	-	-
Basic Shares Outstanding	143	139	139	139	139
Diluted Shares Outstanding	145	141	139	139	139
Shares Change (YoY)	3.10%	1.55%	-0.35%	0.65%	0.08%
EPS (Basic)	8.86	1.05	-11.72	1.28	-7.02
EPS (Diluted)	8.72	1.04	-11.72	1.28	-7.02
EPS Growth	738.46%	-	-	-	-
Dividend Per Share	4.500	3.500	2.500	-	-
Dividend Growth	28.57%	40.00%	-	-	-
Operating Margin	63.89%	57.07%	51.24%	53.90%	33.50%
Profit Margin	35.75%	4.44%	-56.34%	6.04%	-49.87%
EBITDA	2,284	1,996	1,517	1,591	727.9
EBITDA Margin	64.40%	60.64%	52.48%	53.90%	37.34%
D&A For Ebitda	18.4	117.5	35.9	-	75
EBIT	2,266	1,879	1,482	1,591	652.9
EBIT Margin	63.89%	57.07%	51.24%	53.90%	33.50%
Effective Tax Rate	19.35%	28.85%	-	17.85%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.