FRA:F5W 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	705.52	660.97	602.29	532.24	473.24	437.54
Other Revenue	8.52	11.21	15.91	122.63	2.89	10.24
Total Revenue	714.03	672.18	618.2	654.87	476.13	447.79
Revenue Growth (YoY	8.92%	8.73%	-5.60%	37.54%	6.33%	5.24%
Property Expenses	188.87	184.35	169.32	144.57	131.3	119.2
Selling, General & Administrative	43.19	40.94	37.12	33.97	34.61	32.85
Depreciation & Amortization	180.27	171.94	162.95	147.42	130.95	129.64
Total Operating Expenses	412.32	397.22	369.39	325.96	296.86	281.68
Operating Income	301.71	274.96	248.81	328.91	179.27	166.1
Interest Expense	-87.63	-86.62	-77.96	-52.2	-47.53	-54.72
EBT Excluding Unusual Items	214.08	188.34	170.85	276.71	131.74	111.38
Gain (Loss) on Sale of Investments	5.16	1.76	28.03	-	-	4.44
Gain (Loss) on Sale of Assets	35.67	111.97	95.65	128.27	150.31	86.75
Pretax Income	254.91	302.06	294.53	404.98	282.05	202.58
Income Tax Expense	7.34	6.08	8.69	23.36	4.88	2.41
Earnings From Continuing Operations	247.57	295.99	285.84	381.61	277.17	200.17
Net Income to Company	247.57	295.99	285.84	381.61	277.17	200.17
Minority Interest in Earnings	-10.55	-8.43	-11.02	-22.48	-6.17	-4.18
Net Income	237.02	287.55	274.82	359.13	271	195.99
Preferred Dividends & Other Adjustments	0.16	0.21	0.23	0.35	0.3	0.31
Net Income to Common	236.86	287.34	274.58	358.79	270.7	195.68
Net Income Growth	-23.13%	4.63%	-23.48%	32.52%	38.27%	-17.92%
Basic Shares Outstanding	132	132	132	132	130	128
Diluted Shares Outstanding	132	132	132	132	130	128
Shares Change (YoY)	0.06%	0.06%	0.18%	1.79%	1.46%	0.96%
EPS (Basic)	1.79	2.17	2.08	2.72	2.09	1.53
EPS (Diluted)	1.79	2.17	2.07	2.72	2.09	1.53
EPS Growth	-22.90%	4.83%	-23.83%	30.20%	36.43%	-18.62%
Dividend Per Share	1.705	1.480	1.280	1.180	1.080	1.000
Dividend Growth	19.23%	15.63%	8.48%	9.26%	8.00%	8.70%
Operating Margin	42.25%	40.91%	40.25%	50.22%	37.65%	37.09%
Profit Margin	33.17%	42.75%	44.42%	54.79%	56.85%	43.70%
EBITDA	493.37	451.25	413.32	481.23	318.32	303.87
EBITDA Margin	69.10%	67.13%	66.86%	73.48%	66.86%	67.86%
D&A For Ebitda	191.66	176.29	164.52	152.32	139.06	137.76
EBIT	301.71	274.96	248.81	328.91	179.27	166.1
EBIT Margin	42.25%	40.91%	40.25%	50.22%	37.65%	37.09%
Funds From Operations (FFO)	385.77	350.49	322.67	301.17	255.96	234.96
Adjusted Funds From Operations (AFFO)	-	350.49	322.67	301.17	255.96	234.96
FFO Payout Ratio	57.27%	55.20%	52.49%	51.58%	54.58%	54.19%
Effective Tax Rate	2.88%	2.01%	2.95%	5.77%	1.73%	1.19%
Revenue as Reported	714.26	669.64	614.03	539.93	476.29	448.03

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