BSRTF 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	133.95	148.58	148.43	139.69	105.56	99.14
Other Revenue	18.49	20.09	19.37	18.83	14.02	14.14
Total Revenue	152.43	168.67	167.8	158.52	119.58	113.29
Revenue Growth (YoY	-9.59%	0.52%	5.86%	32.56%	5.56%	1.45%
Property Expenses	74.51	76.73	76.74	73	53.89	52.93
Selling, General & Administrative	9.93	9.8	9.52	9.39	8.37	7.75
Depreciation & Amortization	0.07	0.13	0.13	0.13	0.13	0.13
Total Operating Expenses	83.39	86.87	86.68	82.58	65.36	60.97
Operating Income	69.04	81.8	81.12	75.94	54.22	52.32
Interest Expense	-48.49	-57.89	-60.49	-22.23	-30.21	-41.37
Interest & Investment Income	10.55	14.64	12.84	1.7	0.22	0.04
Other Non-Operating Income	-17.51	-8.49	26.5	101.78	-147.7	17.08
EBT Excluding Unusual Items	13.59	30.07	59.97	157.19	-123.47	28.06
Gain (Loss) on Sale of Assets	-11.76	-	-	-	-3.21	-7.67
Asset Writedown	-22.5	-70.31	-270.4	72.53	419.76	18.82
Other Unusual Items	-	-	-0.18	-0.85	-9.86	-11.63
Pretax Income	-20.67	-40.24	-210.87	227.23	283.21	27.58
Net Income	-20.67	-40.24	-210.87	227.23	283.21	27.58
Net Income to Common	-20.67	-40.24	-210.87	227.23	283.21	27.58
Net Income Growth	-	-	-	-19.77%	926.99%	-
Basic Shares Outstanding	34	33	33	36	31	24
Diluted Shares Outstanding	34	33	33	36	31	24
Shares Change (YoY)	0.32%	0.85%	-8.72%	16.36%	30.76%	6.95%
EPS (Basic)	-0.62	-1.20	-6.36	6.26	9.08	1.16
EPS (Diluted)	-0.62	-1.20	-6.36	6.26	9.08	1.16
EPS Growth	-	-	-	-31.05%	685.41%	-
Dividend Per Share	0.560	0.537	0.520	0.518	0.500	0.500
Dividend Growth	6.46%	3.27%	0.31%	3.52%	-	-
Operating Margin	45.29%	48.50%	48.34%	47.91%	45.34%	46.18%
Profit Margin	-13.56%	-23.86%	-125.67%	143.35%	236.84%	24.34%
EBITDA	69.11	81.93	81.25	76.07	54.35	52.45
EBITDA Margin	45.34%	48.58%	48.42%	47.99%	45.45%	46.30%
D&A For Ebitda	0.07	0.13	0.13	0.13	0.13	0.13
EBIT	69.04	81.8	81.12	75.94	54.22	52.32
EBIT Margin	45.29%	48.50%	48.34%	47.91%	45.34%	46.18%
Funds From Operations (FFO)	41.02	51.74	52.64	48.07	30.62	27.69
Adjusted Funds From Operations (AFFO)	-	47.58	48.42	44.71	30.11	25.41
FFO Payout Ratio	45.74%	34.31%	35.59%	37.83%	48.22%	41.85%
Revenue as Reported	152.43	168.67	167.8	158.52	119.58	113.29

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.