Slate Grocery REIT 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	213.37	209.14	203.28	177.49	138.28
Other Revenue	10.71	8.74	3.71	29.27	20.49
Total Revenue	224.08	217.87	206.99	206.76	158.76
Revenue Growth (YoY	2.85%	5.26%	0.11%	30.23%	27.46%
Property Expenses	65.8	64.63	63.79	50.07	37.42
Selling, General & Administrative	16.37	15.79	15.05	14.19	9.99
Other Operating Expenses	0.26	0.39	0.54	0.76	0.43
Total Operating Expenses	82.43	80.8	79.37	65.02	47.84
Operating Income	141.66	137.07	127.62	141.73	110.93
Interest Expense	-66.25	-58.25	-53.05	-47.13	-32.92
Interest & Investment Income	0.49	0.28	0.03	0.04	0.03
Other Non-Operating Income	-1.21	1.79	-2.69	-1.65	-17.92
EBT Excluding Unusual Items	74.69	80.89	71.92	92.99	60.12
Asset Writedown	-12.08	-20.64	-50.39	80.72	67.29
Other Unusual Items	-2.56	-1.39	1.43	-0.8	-4.16
Pretax Income	60.06	58.87	22.96	172.91	123.25
Income Tax Expense	6.61	8.28	1.29	34.04	35.82
Earnings From Continuing Operations	53.45	50.59	21.66	138.87	87.43
Minority Interest in Earnings	-12.62	-12.31	-6.64	-10.87	-0.52
Net Income	40.83	38.28	15.02	128	86.91
Net Income to Common	40.83	38.28	15.02	128	86.91
Net Income Growth	6.66%	154.79%	-88.26%	47.29%	108.88%
Basic Shares Outstanding	60	60	61	61	52
Diluted Shares Outstanding	60	60	61	61	52
Shares Change (YoY)	0.12%	-0.72%	-0.53%	18.00%	21.56%
EPS (Basic)	0.68	0.63	0.25	2.09	1.68
EPS (Diluted)	0.68	0.63	0.25	2.09	1.68
EPS Growth	6.53%	156.64%	-88.20%	24.82%	71.83%
Dividend Per Share	0.864	0.864	0.864	0.864	0.864
Operating Margin	63.21%	62.91%	61.65%	68.55%	69.87%
Profit Margin	18.22%	17.57%	7.26%	61.91%	54.74%
EBIT	141.66	137.07	127.62	141.73	110.93
EBIT Margin	63.21%	62.91%	61.65%	68.55%	69.87%
Funds From Operations (FFO)	63.04	66.3	64.79	66.83	53.45
Adjusted Funds From Operations (AFFO)	49.7	53.25	53.09	55.15	44.59
FFO Payout Ratio	81.08%	77.05%	79.63%	77.40%	81.16%
Effective Tax Rate	11.00%	14.06%	5.63%	19.68%	29.06%

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