DRREF 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	24.79	25.19	24.85	19.21	19.17
Total Revenue	24.79	25.19	24.85	19.21	19.17
Revenue Growth (YoY	1.71%	1.36%	29.37%	0.22%	-
Property Expenses	0.99	0.99	1.04	1.01	0.87
Selling, General & Administrative	2.87	2.84	2.42	2.24	2.27
Total Operating Expenses	3.86	3.83	3.46	3.25	3.14
Operating Income	20.93	21.36	21.39	15.96	16.02
Interest Expense	-8.94	-9.05	-10.37	-11.02	-9.8
Interest & Investment Income	0.15	0.21	0.34	0.2	-
Other Non-Operating Income	-6.7	2.01	0.26	92.58	-
EBT Excluding Unusual Items	5.45	14.53	11.62	97.72	6.22
Asset Writedown	-7.96	-8.17	-25.83	71.52	29.01
Other Unusual Items	-	-	-0.63	-	-
Pretax Income	-2.51	6.36	-14.85	169.24	35.23
Net Income	-2.51	6.36	-14.85	169.24	35.23
Net Income to Common	-2.51	6.36	-14.85	169.24	35.23
Net Income Growth	-	-	-	380.36%	-
Basic Shares Outstanding	-	16	13	13	-
Diluted Shares Outstanding	-	16	13	13	-
Shares Change (YoY)	-	26.42%	-1.03%	-	-
EPS (Basic)	-	0.40	-1.17	13.25	-
EPS (Diluted)	-	0.40	-1.17	13.25	-
Dividend Per Share	0.420	0.420	0.420	0.405	-
Dividend Growth	33.33%	-	3.70%	-	-
Operating Margin	84.44%	84.80%	86.08%	83.09%	83.60%
Profit Margin	-10.13%	25.24%	-59.76%	881.04%	183.83%
EBIT	20.93	21.36	21.39	15.96	16.02
EBIT Margin	84.44%	84.80%	86.08%	83.09%	83.60%
Funds From Operations (FFO)	13.87	13.87	13.94	11.93	-
FFO Per Share	-	0.70	0.71	0.60	-
Adjusted Funds From Operations (AFFO)	-	13.87	13.94	-	-
AFFO Per Share	-	0.70	0.71	-	-
FFO Payout Ratio	48.34%	46.65%	38.21%	29.58%	-

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.