KBSR Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	232.23	258.46	270.16	275.03	280.14
Other Revenue	16.61	18.24	18.67	18.14	25.32
Total Revenue	249.96	277.67	300.68	308.02	305.46
Revenue Growth (YoY	-9.98%	-7.65%	-2.38%	0.84%	-0.32%
Property Expenses	129.6	142.43	149.54	146.7	146.33
Selling, General & Administrative	7.47	18.54	7.3	8.12	6.12
Depreciation & Amortization	95.9	111.21	115.24	111.86	110.98
Other Operating Expenses	-	-	-	2.73	-
Total Operating Expenses	232.97	272.18	272.07	269.4	263.43
Operating Income	16.99	5.48	28.6	38.62	42.03
Interest Expense	-114.29	-126.59	-120.48	-60.26	-34.56
Interest & Investment Income	0.57	1.23	0.51	0.06	0.05
Other Non-Operating Income	-0.13	17.63	14.91	51.93	5.26
EBT Excluding Unusual Items	-96.86	-102.24	-76.46	30.35	12.79
Gain (Loss) on Sale of Investments	6.17	-11.2	-35.61	-92.81	16.77
Gain (Loss) on Sale of Assets	77.4	53.06	-	-	114.32
Asset Writedown	-65.48	-6.85	-45.46	-	-
Other Unusual Items	-	56.37	-	-	-0.21
Pretax Income	-78.76	-10.85	-157.53	-62.46	143.66
Earnings From Continuing Operations	-78.76	-10.85	-157.53	-62.46	143.66
Net Income	-78.76	-10.85	-157.53	-62.46	143.66
Net Income to Common	-78.76	-10.85	-157.53	-62.46	143.66
Basic Shares Outstanding	149	149	149	149	172
Diluted Shares Outstanding	149	149	149	149	172
Shares Change (YoY)	-	-0.15%	-0.29%	-13.44%	-5.73%
EPS (Basic)	-0.53	-0.07	-1.06	-0.42	0.83
EPS (Diluted)	-0.53	-0.07	-1.06	-0.42	0.83
Dividend Per Share	-	-	0.230	0.598	0.598
Dividend Growth	-	-	-61.54%	-	-
Operating Margin	6.80%	1.98%	9.51%	12.54%	13.76%
Profit Margin	-31.51%	-3.91%	-52.39%	-20.28%	47.03%
EBITDA	110.51	113.48	139.16	128.77	125.31
EBITDA Margin	44.21%	40.87%	46.28%	41.80%	41.02%
D&A For Ebitda	93.52	108	110.56	90.15	83.27
EBIT	16.99	5.48	28.6	38.62	42.03
EBIT Margin	6.80%	1.98%	9.51%	12.54%	13.76%
Funds From Operations (FFO)	-0.95	65.34	38.78	142.21	135.6
Adjusted Funds From Operations (AFFO)	-0.95	65.34	38.78	142.21	135.6
FFO Payout Ratio	-	-	65.30%	39.52%	45.50%
Revenue as Reported	249.96	277.67	300.68	308.02	296.76

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