FRA:4U9 Income Statement

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

Millions USD. 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	121.35	114.57	108.68	94.1	87.66
Other Revenue	-0.76	0.92	4.16	3.58	2.92
Total Revenue	121.2	115.79	112.85	97.68	90.58
Revenue Growth (YoY	4.67%	2.61%	15.53%	7.84%	19.68%
Property Expenses	23.62	22.83	20.71	16.64	15.16
Selling, General & Administrative	23.78	19.06	27.34	14.84	12.11
Depreciation & Amortization	43.54	42.78	39.69	32.34	30.4
Total Operating Expenses	90.95	84.67	87.74	63.81	57.67
Operating Income	30.25	31.12	25.1	33.87	32.91
Interest Expense	-26.98	-23.71	-17.79	-11.87	-10.54
Interest & Investment Income	0.03	0.03	0.81	0.07	0.06
Other Non-Operating Income	-	0.3	-	-	-
EBT Excluding Unusual Items	3.31	7.74	8.12	22.06	22.42
Gain (Loss) on Sale of Assets	-	-	-	-	0.24
Asset Writedown	11.8	-0.12	-0.1	-	-
Other Unusual Items	-9.98	-10.8	-	-	-
Pretax Income	5.13	-3.18	8.02	22.06	22.66
Income Tax Expense	0.02	-	0.31	0.04	0.17
Net Income	5.1	-3.18	7.71	22.02	22.49
Preferred Dividends & Other Adjustments	3.02	2.8	2.62	2.85	2.31
Net Income to Common	2.08	-5.98	5.1	19.17	20.18
Net Income Growth	-	-	-64.97%	-2.10%	17.90%
Basic Shares Outstanding	27	27	25	24	23
Diluted Shares Outstanding	27	27	25	24	23
Shares Change (YoY)	1.23%	5.27%	6.65%	1.58%	7.82%
EPS (Basic)	0.08	-0.23	0.20	0.81	0.87
EPS (Diluted)	0.08	-0.23	0.20	0.81	0.87
EPS Growth	-	-	-75.31%	-6.62%	8.58%
Dividend Per Share	1.895	1.855	1.815	1.775	1.735
Dividend Growth	2.16%	2.20%	2.25%	2.31%	2.36%
Operating Margin	24.96%	26.87%	22.24%	34.67%	36.33%
Profit Margin	1.72%	-5.16%	4.52%	19.63%	22.28%
EBITDA	75.12	74.82	65.54	67.06	64.13
EBITDA Margin	61.98%	64.62%	58.08%	68.65%	70.80%
D&A For Ebitda	44.87	43.71	40.44	33.19	31.23
EBIT	30.25	31.12	25.1	33.87	32.91
EBIT Margin	24.96%	26.87%	22.24%	34.67%	36.33%
Funds From Operations (FFO)	45.88	51.22	47.92	54.62	52.88
FFO Per Share	1.69	1.91	1.86	2.24	2.20
Adjusted Funds From Operations (AFFO)	58.37	59.26	64.13	60.59	56.47
AFFO Per Share	2.15	2.21	2.49	2.49	2.35
FFO Payout Ratio	116.98%	100.94%	100.29%	81.44%	80.19%
Effective Tax Rate	0.45%	-	3.82%	0.19%	0.74%
Revenue as Reported	121.2	115.79	112.85	97.68	90.58

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