INRE 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	152.5	149.83	149.64	133.43	118.96	115.53
Other Revenue	0.31	0.38	0.34	0.21	0.18	0.16
Total Revenue	152.81	150.21	149.97	133.65	119.14	115.69
Revenue Growth (YoY	1.35%	0.15%	12.22%	12.18%	2.98%	-10.26%
Property Expenses	59.41	57.61	58.08	52.5	44.99	42.85
Selling, General & Administrative	6.09	5.82	5.24	5.4	4.78	5.21
Depreciation & Amortization	60.09	60.81	59.54	55.32	48.91	52.83
Total Operating Expenses	125.58	124.23	122.86	113.21	98.68	100.89
Operating Income	27.23	25.97	27.11	20.43	20.46	14.8
Interest Expense	-39.4	-41.27	-42.45	-33.07	-23.24	-25.35
Interest & Investment Income	0.22	0.32	0.22	0.02	0.27	0.16
EBT Excluding Unusual Items	-11.95	-14.98	-15.12	-12.62	-2.5	-10.39
Pretax Income	-11.95	-14.98	-15.12	-12.62	-2.5	-10.39
Net Income	-11.95	-14.98	-15.12	-12.62	-2.5	-10.39
Net Income to Common	-11.95	-14.98	-15.12	-12.62	-2.5	-10.39
Basic Shares Outstanding	36	36	36	36	36	36
Diluted Shares Outstanding	36	36	36	36	36	36
Shares Change (YoY)	-0.10%	-0.20%	0.17%	0.29%	0.03%	0.76%
EPS (Basic)	-0.33	-0.41	-0.42	-0.35	-0.07	-0.29
EPS (Diluted)	-0.33	-0.41	-0.42	-0.35	-0.07	-0.29
Dividend Per Share	0.542	0.542	0.542	0.542	0.407	0.227
Dividend Growth	-	-	-	33.33%	79.31%	-81.21%
Operating Margin	17.82%	17.29%	18.08%	15.29%	17.18%	12.80%
Profit Margin	-7.82%	-9.97%	-10.08%	-9.44%	-2.10%	-8.98%
EBITDA	85.87	85.61	83.16	74.06	67.87	64.95
EBITDA Margin	56.19%	57.00%	55.45%	55.41%	56.96%	56.14%
D&A For Ebitda	58.63	59.64	56.05	53.63	47.4	50.15
EBIT	27.23	25.97	27.11	20.43	20.46	14.8
EBIT Margin	17.82%	17.29%	18.08%	15.29%	17.18%	12.80%
Funds From Operations (FFO)	48.14	45.83	44.42	42.7	46.4	42.45
Adjusted Funds From Operations (AFFO)	-	45.83	44.42	42.7	46.4	42.45
FFO Payout Ratio	40.69%	42.77%	44.21%	45.86%	21.05%	25.54%
Revenue as Reported	152.81	150.21	149.97	133.65	119.14	115.69

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