Horizon Group Properties 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	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	Dec '20 Dec 31, 2020
Rental Revenue	0.42	0.47	0.52	0.45	0.39	0.41
Tenant Reimbursements	0.11	0.12	0.13	0.1	0.11	0.12
Property Management Fees	4.47	4.72	3.33	2.52	1.89	1.21
Other Revenue	9.01	8.81	10.58	4.95	-8.67	-22.35
Total Revenue	15.91	15.8	14.74	8.01	-6.27	-20.61
Revenue Growth (YoY	-0.92%	7.22%	83.90%	-	-	-
Property Expenses	0.52	0.71	0.61	0.6	0.43	0.44
Selling, General & Administrative	6.12	6.02	6.49	3.57	4.73	4.53
Depreciation & Amortization	0.28	0.23	0.19	0.2	0.21	0.2
Other Operating Expenses	0.03	0.01	0	0.01	-1.86	-0.02
Total Operating Expenses	6.95	6.97	7.29	4.38	3.51	5.16
Operating Income	8.95	8.83	7.45	3.64	-9.78	-25.77
Interest Expense	-1.84	-1.61	-0.13	-0.26	-0.4	-0.53
EBT Excluding Unusual Items	7.11	7.22	7.32	3.38	-10.18	-26.3
Gain (Loss) on Sale of Assets	6.31	0.84	-	4.57	1.84	1.7
Asset Writedown	-	-	-	-	-0.67	-1.1
Other Unusual Items	-	-	-	-	2.7	-
Pretax Income	13.42	8.06	7.32	7.95	-6.31	-25.7
Income Tax Expense	-	-	-	-	-	-0.22
Earnings From Continuing Operations	13.42	8.06	7.32	7.95	-6.31	-25.48
Earnings From Discontinued Operations	-	-	-	-	11.84	-4.45
Net Income to Company	13.42	8.06	7.32	7.95	5.53	-29.93
Minority Interest in Earnings	-1.61	-0.98	-0.66	-1.13	-3.02	10.78
Net Income	11.81	7.08	6.66	6.82	2.51	-19.15
Net Income to Common	11.81	7.08	6.66	6.82	2.51	-19.15
Net Income Growth	57.68%	6.25%	-2.35%	172.11%	-	-
Basic Shares Outstanding	-	10	10	10	10	10
Diluted Shares Outstanding	-	10	10	10	10	10
Shares Change (YoY)	-	-	-	-0.00%	-	12.09%
EPS (Basic)	-	0.72	0.68	0.70	0.26	-1.95
EPS (Diluted)	-	0.72	0.68	0.70	0.26	-1.95
EPS Growth	-	6.25%	-2.35%	172.11%	-	-
Operating Margin	56.29%	55.87%	50.54%	45.37%	-	-
Profit Margin	74.23%	44.77%	45.18%	85.09%	-	-
EBITDA	9.19	9.06	7.64	3.82	-9.58	-25.57
EBITDA Margin	57.78%	57.30%	51.83%	47.64%	-	-
D&A For Ebitda	0.24	0.23	0.19	0.18	0.2	0.2
EBIT	8.95	8.83	7.45	3.64	-9.78	-25.77
EBIT Margin	56.29%	55.87%	50.54%	45.37%	-	-
Revenue as Reported	7.49	7.58	4.29	3.08	2.96	1.75

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.