FREVS Income Statement

Financials in millions USD. Fiscal year is November - October.

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Rental Revenue	26.91	26.19	25.52	28.45	44.16
Tenant Reimbursements	1.88	1.89	2.36	2.38	5.47
Other Revenue	0.53	0.6	0.47	0.44	0.66
Total Revenue	29.32	28.68	28.34	31.27	50.29
Revenue Growth (YoY	2.23%	1.18%	-9.36%	-37.82%	-4.62%
Property Expenses	17.14	17.28	17.03	19.11	27.49
Depreciation & Amortization	2.97	2.98	2.94	4	9.3
Total Operating Expenses	20.11	20.26	19.98	23.11	36.79
Operating Income	9.21	8.42	8.37	8.16	13.5
Interest Expense	-7.28	-7.31	-7.72	-8.06	-12.28
Interest & Investment Income	1.35	1.56	1.01	0.36	0.12
Other Non-Operating Income	-	-	-	1.42	-
EBT Excluding Unusual Items	3.28	2.67	1.67	1.87	1.34
Gain (Loss) on Sale of Investments	-0.14	-0.17	-0.27	-0.23	-0.3
Gain (Loss) on Sale of Assets	-	-0.36	-1	68.77	-
Total Legal Settlements	-0	14.79	-0.97	-1.17	-
Pretax Income	3.15	16.93	-0.58	69.24	1.05
Earnings From Continuing Operations	3.15	16.93	-0.58	69.24	1.05
Minority Interest in Earnings	0.36	-1.08	1.34	-23.25	-0.12
Net Income	3.51	15.85	0.76	45.99	0.93
Net Income to Common	3.51	15.85	0.76	45.99	0.93
Net Income Growth	-77.86%	1985.79%	-98.35%	4861.38%	-95.49%
Basic Shares Outstanding	7	7	7	7	7
Diluted Shares Outstanding	7	7	7	7	7
Shares Change (YoY)	0.13%	0.16%	4.42%	1.57%	0.40%
EPS (Basic)	0.47	2.13	0.10	6.52	0.13
EPS (Diluted)	0.47	2.13	0.10	6.45	0.13
EPS Growth	-77.91%	2026.36%	-98.45%	4861.54%	-95.58%
Dividend Per Share	0.360	0.270	0.200	1.700	0.250
Dividend Growth	33.33%	35.00%	-88.23%	580.00%	-
Operating Margin	31.42%	29.35%	29.53%	26.10%	26.85%
Profit Margin	11.97%	55.28%	2.68%	147.08%	1.84%
EBITDA	12.18	11.4	11.31	12.16	22.8
EBITDA Margin	41.53%	39.74%	39.91%	38.88%	45.34%
D&A For Ebitda	2.97	2.98	2.94	4	9.3
EBIT	9.21	8.42	8.37	8.16	13.5
EBIT Margin	31.42%	29.35%	29.53%	26.10%	26.85%
Funds From Operations (FFO)	7.05	4.55	4.67	3.87	10.95
FFO Per Share	0.94	0.61	0.63	0.54	1.56
Adjusted Funds From Operations (AFFO)	6.65	3.52	4.24	2.82	10.55
AFFO Per Share	0.89	0.47	0.57	0.40	1.50
FFO Payout Ratio	101.70%	32.75%	293.62%	52.58%	9.38%
Revenue as Reported	29.32	28.68	28.34	31.27	50.29

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