FRA:4U9 Balance Sheet

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
Property, Plant & Equipment	925.95	906.45	852.65	781.13	703.69
Cash & Equivalents	3.34	4.38	3.49	11.23	2.35
Accounts Receivable	33.47	27.58	26.15	21.14	17.12
Other Intangible Assets	1.31	1.93	2.65	2.4	0.61
Loans Receivable Current	1.83	15.73	30.78	32.71	26
Restricted Cash	-	-	1.14	0.84	0.52
Other Current Assets	12.07	12.53	10.98	2.83	1.94
Trading Asset Securities	6.69	17.63	16.42	22.67	0.34
Deferred Long-Term Tax Assets	-	-	-	0.31	0.35
Deferred Long-Term Charges	2.95	3.73	0.47	0.68	0.9
Other Long-Term Assets	1.16	0.62	0.68	0.5	0.43
Total Assets	990.76	992.56	945.41	876.43	754.23
Current Portion of Long-Term Debt	-	-	-	-	5.32
Current Portion of Leases	0.2	-	-	-	-
Long-Term Debt	532.2	485.96	403.26	353	265.63
Long-Term Leases	3.8	4.03	4.05	4.07	3.77
Accounts Payable	14.93	14.29	12.03	11.38	7.85
Long-Term Unearned Revenue	6.03	6.5	5.38	3.85	3.79
Other Long-Term Liabilities	4.22	5.83	7.44	7.32	5.77
Total Liabilities	561.37	516.6	432.16	379.61	292.12
Common Stock	0.29	0.28	0.28	0.26	0.25
Additional Paid-In Capital	717.45	704.52	688.16	625.14	595.62
Distributions in Excess of Earnings	-295.04	-246.47	-191.59	-151.25	-128.78
Comprehensive Income & Other	6.69	17.63	16.42	22.67	-4.98
Shareholders' Equity	429.39	475.97	513.26	496.81	462.11
Total Liabilities & Equity	990.76	992.56	945.41	876.43	754.23
Total Debt	536.2	489.98	407.31	357.06	274.72
Net Cash (Debt)	-526.16	-467.97	-387.4	-323.16	-272.02
Net Cash Per Share	-19.59	-17.64	-15.37	-13.68	-11.69
Filing Date Shares Outstanding	27.05	26.78	26.31	24.32	23.66
Total Common Shares Outstanding	26.95	26.68	26.24	24.19	23.57
Book Value Per Share	15.93	17.84	19.56	20.54	19.61
Tangible Book Value	428.08	474.03	510.61	494.42	461.5
Tangible Book Value Per Share	15.88	17.77	19.46	20.44	19.58
Land	154.67	149.5	136.53	117.66	97.4
Buildings	1,048	996.1	913.42	825.26	736.47

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