Varia US Properties AG 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	100.65	108.56	123.99	126.55	107.92	98.36
Other Revenue	16.41	16.88	18.95	16.91	13.07	11.12
Total Revenue	117.05	125.43	142.94	143.46	120.99	109.48
Revenue Growth (YoY	-8.51%	-12.25%	-0.36%	18.58%	10.51%	10.94%
Property Expenses	56.94	59.58	67.96	67.01	56.48	53.41
Selling, General & Administrative	2.22	2.56	2.44	1.8	1.33	1.17
Other Operating Expenses	14.63	13.8	16.31	15.56	11.18	8.71
Total Operating Expenses	73.79	75.94	86.71	84.38	69	63.29
Operating Income	43.26	49.5	56.23	59.08	51.99	46.2
Interest Expense	-39.22	-41.55	-47.23	-44.01	-30.04	-24.54
Interest & Investment Income	0.96	1.11	1.25	-	-	-
Currency Exchange Gain (Loss)	-2.69	4.58	-7.18	0.46	0.18	-6.3
Other Non-Operating Income	-3.42	-4.31	-15.52	-15.8	-13.86	-6.11
EBT Excluding Unusual Items	-1.11	9.32	-12.44	-0.26	8.26	9.25
Total Insurance Settlements	0.51	2.86	6.8	0.59	1.62	0.35
Asset Writedown	-8.18	-35.61	-174.26	153.69	197.37	42.54
Other Unusual Items	-	-	-0.65	-2.05	-2.76	-6.71
Pretax Income	-8.78	-23.43	-180.55	151.98	204.5	45.43
Income Tax Expense	-0.17	-5.91	-41.54	29.38	48.49	9.92
Earnings From Continuing Operations	-8.6	-17.51	-139.01	122.6	156.01	35.52
Net Income	-8.6	-17.51	-139.01	122.6	156.01	35.52
Net Income to Common	-8.6	-17.51	-139.01	122.6	156.01	35.52
Net Income Growth	-	-	-	-21.41%	339.27%	-16.94%
Basic Shares Outstanding	10	10	10	10	10	9
Diluted Shares Outstanding	10	10	10	10	10	9
Shares Change (YoY)	-	-	-	-	11.36%	1.03%
EPS (Basic)	-0.85	-1.73	-13.73	12.11	15.41	3.91
EPS (Diluted)	-0.85	-1.73	-13.73	12.11	15.41	3.91
EPS Growth	-	-	-	-21.41%	294.48%	-17.78%
Dividend Per Share	-	-	2.375	3.461	2.742	2.939
Dividend Growth	-	-	-31.37%	26.19%	-6.68%	23.74%
Operating Margin	36.96%	39.46%	39.34%	41.18%	42.97%	42.19%
Profit Margin	-7.35%	-13.96%	-97.25%	85.46%	128.95%	32.44%
EBIT	43.26	49.5	56.23	59.08	51.99	46.2
EBIT Margin	36.96%	39.46%	39.34%	41.18%	42.97%	42.19%
Funds From Operations (FFO)	3	15.3	10.6	18.6	22.6	35.8
Adjusted Funds From Operations (AFFO)	-	15.3	10.6	18.6	22.6	35.8
Effective Tax Rate	-	-	-	19.33%	23.71%	21.83%
Revenue as Reported	110.34	93.8	-23.26	297.75	319.98	152.38

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