FRA:6N5 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	166.7	122.37	119.13	106.72	81.06
Other Revenue	22.6	20.02	20.88	17.3	12.7
Total Revenue	189.3	142.4	140.01	124.02	93.75
Revenue Growth (YoY	32.94%	1.71%	12.89%	32.28%	26.05%
Property Expenses	31.2	25.91	25.28	24.41	17.43
Selling, General & Administrative	16.6	12.09	9.94	8.53	6.39
Total Operating Expenses	47.8	38	35.21	32.94	23.81
Operating Income	141.5	104.39	104.79	91.08	69.94
Interest Expense	-60.5	-53.73	-50.76	-30.82	-22.09
Interest & Investment Income	1.9	2.12	0.83	0.09	0.04
Currency Exchange Gain (Loss)	-	-0.95	-1.52	-1.94	0.47
Other Non-Operating Income	-4.5	-10.07	-23.27	10.87	0.37
EBT Excluding Unusual Items	78.4	41.76	30.07	69.28	48.72
Merger & Restructuring Charges	-9.1	-	-	-	-
Gain (Loss) on Sale of Assets	3.4	0.19	-0.13	0.06	-
Asset Writedown	-0.5	-44.71	-53.42	28.14	10.64
Other Unusual Items	27.9	-4.72	-	-	-
Pretax Income	100.1	-7.48	-23.47	97.49	59.37
Income Tax Expense	8.7	-2.72	-3.56	17.5	8
Net Income	91.4	-4.76	-19.92	79.99	51.37
Preferred Dividends & Other Adjustments	2.1	2.59	2.41	1.44	0.99
Net Income to Common	89.3	-7.35	-22.33	78.56	50.38
Net Income Growth	-	-	-	55.71%	48.48%
Basic Shares Outstanding	79	59	54	47	40
Diluted Shares Outstanding	79	59	54	47	40
Shares Change (YoY)	33.27%	8.27%	14.81%	17.73%	10.49%
EPS (Basic)	1.14	-0.12	-0.41	1.66	1.25
EPS (Diluted)	1.14	-0.12	-0.41	1.66	1.25
EPS Growth	-	-	-	32.46%	31.78%
Dividend Per Share	0.900	0.900	0.900	0.980	0.940
Dividend Growth	-	-	-8.16%	4.25%	5.62%
Operating Margin	74.75%	73.31%	74.85%	73.44%	74.60%
Profit Margin	47.17%	-5.16%	-15.95%	63.34%	53.73%
EBITDA	141.7	104.47	104.87	91.17	69.96
EBITDA Margin	74.86%	73.37%	74.91%	73.51%	74.61%
D&A For Ebitda	0.2	0.08	0.08	0.09	0.01
EBIT	141.5	104.39	104.79	91.08	69.94
EBIT Margin	74.75%	73.31%	74.85%	73.44%	74.60%
Effective Tax Rate	8.69%	-	-	17.95%	13.47%

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