FRA:AIV 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	210.89	208.68	187	190.34	169.84	151.45
Other Revenue	-	-	-	-	0.97	0.81
Total Revenue	210.89	208.68	187	190.34	170.81	152.26
Revenue Growth (YoY	39.67%	11.60%	-1.76%	11.44%	12.18%	5.28%
Property Expenses	90.27	88.68	72.41	70.09	67.61	61.51
Selling, General & Administrative	34.76	35.14	34.17	41.37	33.15	10.47
Depreciation & Amortization	73.37	86.36	68.83	73.27	84.71	77.97
Total Operating Expenses	198.4	210.18	175.41	184.73	185.48	149.95
Operating Income	12.49	-1.5	11.58	5.61	-14.67	2.31
Interest Expense	-73.08	-70.06	-37.72	-73.84	-52.9	-27.51
Interest & Investment Income	7.36	9.65	9.73	4.05	32.71	27.69
Other Non-Operating Income	1.77	-3.83	-6.54	35.41	9.72	-2.55
EBT Excluding Unusual Items	-51.46	-65.74	-22.94	-28.77	-25.14	-0.06
Gain (Loss) on Sale of Investments	-9.31	-51.94	-155.11	-158.94	6.59	-
Gain (Loss) on Sale of Assets	10.6	10.6	7.98	175.86	-	-
Asset Writedown	-57.37	-	-	-85.7	-	-15.86
Other Unusual Items	-	-	-	206.96	-	-
Pretax Income	-107.54	-107.07	-170.07	109.42	-18.55	-15.92
Income Tax Expense	3.03	-11.07	-12.75	17.26	-13.57	-10.15
Earnings From Continuing Operations	-110.57	-96	-157.32	92.16	-4.98	-5.77
Minority Interest in Earnings	-23	-6.47	-8.88	-16.43	-0.93	0.73
Net Income	243.67	-102.47	-166.2	75.73	-5.91	-5.04
Preferred Dividends & Other Adjustments	5.11	1.52	-	1.09	-	-
Net Income to Common	238.56	-103.99	-166.2	74.64	-5.91	-5.04
Basic Shares Outstanding	138	138	144	149	149	149
Diluted Shares Outstanding	138	138	144	151	149	149
Shares Change (YoY)	-1.48%	-3.57%	-4.78%	0.91%	0.61%	-
EPS (Basic)	1.73	-0.75	-1.16	0.50	-0.04	-0.03
EPS (Diluted)	1.72	-0.75	-1.16	0.49	-0.04	-0.03
Operating Margin	5.92%	-0.72%	6.19%	2.95%	-8.59%	1.52%
Profit Margin	113.12%	-49.83%	-88.88%	39.21%	-3.46%	-3.31%
EBITDA	85.86	84.86	80.42	78.88	70.05	80.28
EBITDA Margin	40.71%	40.66%	43.00%	41.44%	41.01%	52.72%
D&A For Ebitda	73.37	86.36	68.83	73.27	84.71	77.97
EBIT	12.49	-1.5	11.58	5.61	-14.67	2.31
EBIT Margin	5.92%	-0.72%	6.19%	2.95%	-8.59%	1.52%
Effective Tax Rate	-	-	-	15.78%	-	-

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