INRE Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	153.2	153.22	149.83	149.64	133.43	118.96
Other Revenue	0.49	0.36	0.38	0.34	0.21	0.18
Total Revenue	153.69	153.58	150.21	149.97	133.65	119.14
Revenue Growth (YoY	1.41%	2.25%	0.15%	12.22%	12.18%	2.98%
Property Expenses	60.92	60.56	57.61	58.08	52.5	44.99
Selling, General & Administrative	7.52	8.12	5.82	5.24	5.4	4.78
Depreciation & Amortization	57.08	57.25	60.81	59.54	55.32	48.91
Total Operating Expenses	125.52	125.94	124.23	122.86	113.21	98.68
Operating Income	28.17	27.65	25.97	27.11	20.43	20.46
Interest Expense	-39.28	-39.11	-41.27	-42.45	-33.07	-23.24
Interest & Investment Income	0.41	0.42	0.32	0.22	0.02	0.27
EBT Excluding Unusual Items	-10.7	-11.05	-14.98	-15.12	-12.62	-2.5
Pretax Income	-10.7	-11.05	-14.98	-15.12	-12.62	-2.5
Net Income	-10.7	-11.05	-14.98	-15.12	-12.62	-2.5
Net Income to Common	-10.7	-11.05	-14.98	-15.12	-12.62	-2.5
Basic Shares Outstanding	36	36	36	36	36	36
Diluted Shares Outstanding	36	36	36	36	36	36
Shares Change (YoY)	-0.01%	-0.05%	-0.20%	0.17%	0.29%	0.03%
EPS (Basic)	-0.30	-0.31	-0.41	-0.42	-0.35	-0.07
EPS (Diluted)	-0.30	-0.31	-0.41	-0.42	-0.35	-0.07
Dividend Per Share	0.542	0.542	0.542	0.542	0.542	0.407
Dividend Growth	33.33%	-	-	-	33.33%	79.31%
Operating Margin	18.33%	18.00%	17.29%	18.08%	15.29%	17.18%
Profit Margin	-6.96%	-7.19%	-9.97%	-10.08%	-9.44%	-2.10%
EBITDA	83.38	83.07	85.61	83.16	74.06	67.87
EBITDA Margin	54.25%	54.09%	57.00%	55.45%	55.41%	56.96%
D&A For Ebitda	55.22	55.43	59.64	56.05	53.63	47.4
EBIT	28.17	27.65	25.97	27.11	20.43	20.46
EBIT Margin	18.33%	18.00%	17.29%	18.08%	15.29%	17.18%
Funds From Operations (FFO)	46.21	46.21	45.83	44.42	42.7	46.4
Adjusted Funds From Operations (AFFO)	-	46.21	45.83	44.42	42.7	46.4
FFO Payout Ratio	42.40%	42.40%	42.77%	44.21%	45.86%	21.05%
Revenue as Reported	153.69	153.58	150.21	149.97	133.65	119.14

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