MHCUF 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	99.69	88.13	71.05	58.8	43.08	33.22
Total Revenue	99.69	88.13	71.05	58.8	43.08	33.22
Revenue Growth (YoY	19.90%	24.04%	20.84%	36.50%	29.68%	8.85%
Property Expenses	33.7	29.69	24.14	19.87	14.41	11.23
Selling, General & Administrative	11.32	10.35	9.12	7.82	5.78	5.03
Depreciation & Amortization	0.52	0.49	0.4	0.29	0.17	0.1
Total Operating Expenses	46.37	40.41	33.65	27.92	20.38	16.36
Operating Income	53.32	47.72	37.4	30.88	22.69	16.86
Interest Expense	-23.66	-22.27	-17.68	-14.11	-10.92	-9.81
Interest & Investment Income	0.51	0.51	0.2	0.12	-	-
Other Non-Operating Income	1.22	1.95	-0.23	1.12	1.12	1.08
EBT Excluding Unusual Items	31.38	27.92	19.7	18.02	12.89	8.13
Merger & Restructuring Charges	-	-	-	-	-0.24	-21.22
Total Insurance Settlements	-0.75	-	1.44	-	-	-
Asset Writedown	84.44	70.64	42.05	7.95	78.81	11.83
Other Unusual Items	-19.8	4.96	1.92	16.71	-31.46	190.62
Pretax Income	95.27	103.52	65.1	42.68	60.01	189.35
Net Income	95.27	103.52	65.1	42.68	60.01	189.35
Net Income to Common	95.27	103.52	65.1	42.68	60.01	189.35
Net Income Growth	23.93%	59.02%	52.52%	-28.87%	-68.31%	289.11%
Basic Shares Outstanding	19	18	15	14	9	7
Diluted Shares Outstanding	25	24	21	20	15	12
Shares Change (YoY)	9.96%	14.78%	5.85%	27.99%	25.17%	-
EPS (Basic)	4.91	5.70	4.29	3.02	6.53	26.85
EPS (Diluted)	3.79	4.34	3.13	2.17	3.91	15.44
EPS Growth	12.39%	38.66%	44.24%	-44.50%	-74.68%	-
Dividend Per Share	0.620	0.598	0.566	0.540	0.514	0.472
Dividend Growth	5.40%	5.56%	4.97%	4.94%	8.94%	-
Operating Margin	53.49%	54.15%	52.64%	52.52%	52.68%	50.76%
Profit Margin	95.58%	117.46%	91.62%	72.59%	139.31%	570.06%
EBITDA	53.84	48.21	37.8	31.17	22.87	16.96
EBITDA Margin	54.01%	54.70%	53.20%	53.01%	53.08%	51.05%
D&A For Ebitda	0.52	0.49	0.4	0.29	0.17	0.1
EBIT	53.32	47.72	37.4	30.88	22.69	16.86
EBIT Margin	53.49%	54.15%	52.64%	52.52%	52.68%	50.76%
Funds From Operations (FFO)	36.85	30.77	24.63	21.2	15.87	10.79
FFO Per Share	1.47	1.29	1.19	1.08	1.03	0.88
Adjusted Funds From Operations (AFFO)	-	27.83	21.56	18.3	13.46	-
AFFO Per Share	-	1.14	1.04	0.93	0.88	-
FFO Payout Ratio	32.54%	35.04%	34.64%	35.84%	31.29%	20.21%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.