CMRF Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	111.68	93.91	115.38	213.39	295.16
Total Revenue	416	483.9	568.86	452.15	365.73
Revenue Growth (YoY	-14.03%	-14.94%	25.81%	23.63%	25.71%
Property Expenses	77.61	77.33	86.1	103.07	141.46
Selling, General & Administrative	25.99	25.52	17.57	15.36	15.08
Depreciation & Amortization	36.4	31.98	42.53	70.61	95.19
Provision for Loan Losses	-70.81	-342.82	-134.29	-29.48	-2.88
Total Operating Expenses	210.82	477.64	280.49	218.51	254.61
Operating Income	205.19	6.26	288.37	233.63	111.12
Interest Expense	-174.28	-239.47	-260.77	-165.21	-84.05
Interest & Investment Income	3.7	5.1	-	-	-
Other Non-Operating Income	4.86	-6.24	-26.46	8.67	0.15
EBT Excluding Unusual Items	39.47	-234.35	1.14	77.09	27.22
Merger & Restructuring Charges	-	-	-	-	-1.4
Gain (Loss) on Sale of Investments	14.86	-2.29	16.47	-3.17	0.61
Gain (Loss) on Sale of Assets	8.18	6.61	53.34	121.9	83.05
Asset Writedown	-9.9	-61.31	-35.06	-32.32	-18.24
Other Unusual Items	-0.24	-0.95	-7.8	-19.64	-4.73
Pretax Income	52.38	-292.29	28.09	143.87	86.49
Earnings From Continuing Operations	52.38	-292.29	28.09	143.87	86.49
Minority Interest in Earnings	-0.02	-0.01	-0.01	-0.07	-
Net Income	52.36	-292.3	28.08	143.8	86.49
Net Income to Common	52.36	-292.3	28.08	143.8	86.49
Net Income Growth	-	-	-80.47%	66.26%	-
Basic Shares Outstanding	437	437	437	437	366
Diluted Shares Outstanding	437	437	437	437	366
Shares Change (YoY)	-0.08%	-0.05%	0.01%	19.58%	17.29%
EPS (Basic)	0.12	-0.67	0.06	0.33	0.24
EPS (Diluted)	0.12	-0.67	0.06	0.33	0.24
EPS Growth	-	-	-80.48%	39.04%	-
Dividend Per Share	0.340	0.450	0.425	0.376	0.364
Dividend Growth	-24.53%	5.86%	13.00%	3.46%	-4.14%
Operating Margin	49.32%	1.29%	50.69%	51.67%	30.38%
Profit Margin	12.58%	-60.41%	4.94%	31.80%	23.65%
EBITDA	243.36	38.02	330.71	304.32	204.1
EBITDA Margin	58.50%	7.86%	58.14%	67.31%	55.81%
D&A For Ebitda	38.17	31.76	42.34	70.69	92.99
EBIT	205.19	6.26	288.37	233.63	111.12
EBIT Margin	49.32%	1.29%	50.69%	51.67%	30.38%
Revenue as Reported	416	483.9	568.86	452.15	365.73

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