ESR Kendall Square REIT Income Statement

Financials in millions KRW. Fiscal year is December - November.

Millions KRW. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	Nov '24 Nov 30, 2024	May '24 May 31, 2024	Nov '23 Nov 30, 2023
Revenue	119,115	117,393	113,753	111,756	105,916
Revenue Growth (YoY)	1.47%	3.20%	1.79%	5.51%	7.02%
Gross Profit	119,115	117,393	113,753	111,756	105,916
Selling, General & Admin	26,228	22,996	21,486	22,901	20,758
Other Operating Expenses	7,614	24.93	7,548	29.77	7,071
Operating Expenses	67,397	59,985	60,650	54,142	57,526
Operating Income	51,718	57,408	53,103	57,614	48,390
Interest Expense	-55,992	-59,035	-52,335	-51,215	-37,615
Interest & Investment Income	2,311	1,701	2,378	2,352	1,800
Earnings From Equity Investments	-5,519	19,201	3,936	36,301	11,126
Other Non Operating Income (Expenses)	608.15	282.62	118.76	15.53	3.57
Pretax Income	-6,873	19,557	7,201	45,068	23,705
Net Income	-6,873	19,557	7,201	45,068	23,705
Net Income to Common	-6,873	19,557	7,201	45,068	23,705
Net Income Growth	-	171.59%	-84.02%	90.12%	-57.69%
Shares Outstanding (Basic)	238	213	213	213	213
Shares Outstanding (Diluted)	238	213	213	213	213
Shares Change (YoY)	11.85%	-	-	-	-
EPS (Basic)	-28.84	91.78	33.79	211.50	111.24
EPS (Diluted)	-28.84	91.78	33.79	211.50	111.24
EPS Growth	-	171.59%	-84.02%	90.12%	-57.69%
Free Cash Flow	-487,187	50,818	-146,894	-175,164	72,813
Free Cash Flow Per Share	-2044.13	238.48	-689.35	-822.02	341.70
Dividend Per Share	278.000	274.000	274.000	274.000	274.000
Dividend Growth	1.46%	-	-	-	1.48%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	43.42%	48.90%	46.68%	51.55%	45.69%
Profit Margin	-5.77%	16.66%	6.33%	40.33%	22.38%
Free Cash Flow Margin	-409.00%	43.29%	-129.13%	-156.74%	68.75%
EBITDA	85,273	89,809	84,719	88,826	78,087
EBITDA Margin	71.59%	76.50%	74.48%	79.48%	73.72%
D&A For EBITDA	33,555	32,401	31,616	31,211	29,697
EBIT	51,718	57,408	53,103	57,614	48,390
EBIT Margin	43.42%	48.90%	46.68%	51.55%	45.69%

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