FRA:4U9 Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	119.66	114.57	108.68	94.1	87.66	73.93
Other Revenue	-0.61	0.92	3.86	3.58	2.92	1.76
Total Revenue	119.55	115.79	112.85	97.68	90.58	75.68
Revenue Growth (YoY	3.40%	2.61%	15.53%	7.84%	19.68%	24.38%
Property Expenses	23.1	22.83	20.71	16.64	15.16	13.61
Selling, General & Administrative	20.54	19.06	27.34	14.84	12.11	8.77
Depreciation & Amortization	43.52	42.78	38.19	32.34	30.4	25.38
Total Operating Expenses	87.15	84.67	86.24	63.81	57.67	47.76
Operating Income	32.4	31.12	26.6	33.87	32.91	27.92
Interest Expense	-26.42	-23.71	-17.79	-11.87	-10.54	-8.62
Interest & Investment Income	0.03	0.03	0.11	0.07	0.06	0.17
Other Non-Operating Income	-	0.3	-	-	-	-
EBT Excluding Unusual Items	6	7.74	8.92	22.06	22.42	19.47
Gain (Loss) on Sale of Assets	-	-	-	-	0.24	-0.31
Total Insurance Settlements	-	-	0.71	-	-	-
Asset Writedown	-0.23	-0.12	-1.6	-	-	-
Other Unusual Items	-13.26	-10.8	-	-	-	-
Pretax Income	-7.49	-3.18	8.02	22.06	22.66	19.16
Income Tax Expense	-	-	0.31	0.04	0.17	0.08
Net Income	-7.49	-3.18	7.71	22.02	22.49	19.08
Preferred Dividends & Other Adjustments	3	2.8	2.62	2.85	2.31	1.84
Net Income to Common	-10.49	-5.98	5.1	19.17	20.18	17.24
Net Income Growth	-	-	-64.97%	-2.10%	17.90%	127.76%
Basic Shares Outstanding	27	27	25	24	23	22
Diluted Shares Outstanding	27	27	25	24	23	22
Shares Change (YoY)	1.64%	5.27%	6.65%	1.58%	7.82%	15.47%
EPS (Basic)	-0.39	-0.23	0.20	0.81	0.87	0.80
EPS (Diluted)	-0.39	-0.23	0.20	0.81	0.87	0.80
EPS Growth	-	-	-75.31%	-6.62%	8.58%	115.89%
Dividend Per Share	1.885	1.855	1.815	1.775	1.735	1.695
Dividend Growth	2.17%	2.20%	2.25%	2.31%	2.36%	2.42%
Operating Margin	27.10%	26.87%	23.57%	34.67%	36.33%	36.90%
Profit Margin	-8.78%	-5.16%	4.52%	19.63%	22.28%	22.77%
EBITDA	77.11	74.82	65.54	67.06	64.13	53.44
EBITDA Margin	64.50%	64.62%	58.08%	68.65%	70.80%	70.61%
D&A For Ebitda	44.72	43.71	38.94	33.19	31.23	25.51
EBIT	32.4	31.12	26.6	33.87	32.91	27.92
EBIT Margin	27.10%	26.87%	23.57%	34.67%	36.33%	36.90%
Funds From Operations (FFO)	45.3	51.22	47.92	54.62	52.88	45.01
FFO Per Share	1.67	1.91	1.86	2.24	2.20	2.03
Adjusted Funds From Operations (AFFO)	-	59.26	64.13	60.59	56.47	46.56
AFFO Per Share	-	2.21	2.49	2.49	2.35	2.10
FFO Payout Ratio	117.60%	100.94%	100.29%	81.44%	80.19%	84.51%
Effective Tax Rate	-	-	3.82%	0.19%	0.74%	0.42%
Revenue as Reported	206.04	115.79	112.85	97.68	90.58	75.68

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