ESR Kendall Square REIT Income Statement

Financials in millions KRW. Fiscal year is June - May.

Millions KRW. Fiscal year is Jun - May.

Fiscal Year	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023
Period Ending	May '25 May 31, 2025	Nov '24 Nov 30, 2024	May '24 May 31, 2024	Nov '23 Nov 30, 2023	May '23 May 31, 2023
Revenue	117,393	113,753	111,756	105,916	98,965
Revenue Growth (YoY)	3.20%	1.79%	5.51%	7.02%	0.97%
Gross Profit	117,393	113,753	111,756	105,916	98,965
Selling, General & Admin	22,996	21,486	22,901	20,758	19,118
Other Operating Expenses	24.93	7,548	29.77	7,071	20.93
Operating Expenses	59,985	60,650	54,142	57,526	46,807
Operating Income	57,408	53,103	57,614	48,390	52,158
Interest Expense	-59,035	-52,335	-51,215	-37,615	-31,858
Interest & Investment Income	1,701	2,378	2,352	1,800	2,005
Earnings From Equity Investments	19,201	3,936	36,301	11,126	33,707
Other Non Operating Income (Expenses)	282.62	118.76	15.53	3.57	15.41
Pretax Income	19,557	7,201	45,068	23,705	56,028
Net Income	19,557	7,201	45,068	23,705	56,028
Net Income to Common	19,557	7,201	45,068	23,705	56,028
Net Income Growth	171.59%	-84.02%	90.12%	-57.69%	119.50%
Shares Outstanding (Basic)	213	213	213	213	213
Shares Outstanding (Diluted)	213	213	213	213	213
EPS (Basic)	91.78	33.79	211.50	111.24	262.93
EPS (Diluted)	91.78	33.79	211.50	111.24	262.93
EPS Growth	171.59%	-84.02%	90.12%	-57.69%	119.50%
Free Cash Flow	50,818	-146,894	-175,164	72,813	-209,371
Free Cash Flow Per Share	238.48	-689.35	-822.02	341.70	-982.55
Dividend Per Share	274.000	274.000	274.000	274.000	270.000
Dividend Growth	-	-	-	1.48%	-0.73%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	48.90%	46.68%	51.55%	45.69%	52.70%
Profit Margin	16.66%	6.33%	40.33%	22.38%	56.61%
Free Cash Flow Margin	43.29%	-129.13%	-156.74%	68.75%	-211.56%
EBITDA	89,809	84,719	88,826	78,087	79,827
EBITDA Margin	76.50%	74.48%	79.48%	73.72%	80.66%
D&A For EBITDA	32,401	31,616	31,211	29,697	27,668
EBIT	57,408	53,103	57,614	48,390	52,158
EBIT Margin	48.90%	46.68%	51.55%	45.69%	52.70%

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.