FRA:M2K Balance Sheet

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
Property, Plant & Equipment	11,559	11,441	11,111	10,924	10,879	10,912
Total Real Estate Assets	11,632	11,514	11,184	10,989	10,903	10,973
Cash & Equivalents	32.25	43.02	41.31	38.66	54.3	25.2
Investment In Debt and Equity Securities	2.7	3.3	18.6	8	-	-
Other Intangible Assets	-	1	1.6	-	-	1.3
Restricted Cash	13.68	13.74	13.78	22.41	76.3	10.42
Other Current Assets	16.4	20.96	31.9	13.4	34.5	39
Other Long-Term Assets	229.46	216.08	192.88	170.18	217.01	145.69
Total Assets	11,927	11,812	11,485	11,241	11,285	11,195
Current Portion of Long-Term Debt	399.93	399.34	-	-	-	-
Current Portion of Leases	0.77	3.04	-	-	-	-
Long-Term Debt	4,334	4,332	4,045	4,415	4,517	4,391
Long-Term Leases	24.03	23.05	27.34	28.67	30.25	31.74
Accounts Payable	-	-	-	-	-	86.22
Accrued Expenses	678.43	202.66	207.13	188.31	197.75	184.96
Current Unearned Revenue	-	64.63	65.18	65.13	59.94	48.78
Other Current Liabilities	11.7	390.37	345.51	333.73	296.46	176.57
Other Long-Term Liabilities	20.22	22.23	19.17	20.67	30.19	15.4
Total Liabilities	5,933	5,687	5,205	5,051	5,131	5,106
Preferred Stock, Redeemable	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock	1.17	1.17	1.17	1.15	1.15	1.14
Additional Paid-In Capital	7,436	7,417	7,400	7,203	7,231	7,177
Distributions in Excess of Earnings	-1,613	-1,470	-1,298	-1,189	-1,256	-1,294
Comprehensive Income & Other	-5.69	-6.94	-8.76	-10.05	-11.13	-12.13
Total Common Equity	5,818	5,942	6,094	6,005	5,965	5,872
Minority Interest	175.81	183.3	185.88	184.66	188.73	216.78
Shareholders' Equity	5,994	6,125	6,280	6,190	6,154	6,088
Total Liabilities & Equity	11,927	11,812	11,485	11,241	11,285	11,195
Total Debt	5,222	5,007	4,568	4,444	4,547	4,594
Net Cash (Debt)	-5,190	-4,964	-4,526	-4,405	-4,493	-4,569
Net Cash Per Share	-44.33	-42.51	-38.80	-38.11	-39.05	-39.91
Filing Date Shares Outstanding	117.08	116.9	116.72	116.6	115.34	114.39
Total Common Shares Outstanding	117.08	116.88	116.69	115.48	115.34	114.37
Book Value Per Share	49.69	50.84	52.22	52.00	51.72	51.34
Tangible Book Value	5,818	5,941	6,092	6,005	5,965	5,870
Tangible Book Value Per Share	49.69	50.83	52.21	52.00	51.72	51.33
Land	2,112	2,097	2,031	2,008	1,978	1,929
Buildings	14,746	14,161	13,516	12,842	12,454	12,065
Construction In Progress	449.39	470.28	385.41	332.04	247.97	283.48

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