Prime US 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	133.3	140.96	159.8	163.01	156.74
Total Revenue	133.3	140.96	159.8	163.01	156.74
Revenue Growth (YoY	-5.43%	-11.79%	-1.97%	4.00%	9.18%
Property Expenses	68.62	69.23	72.67	72.95	63.76
Selling, General & Administrative	2.53	2.42	2.17	2.48	2.05
Total Operating Expenses	71.15	71.65	74.84	75.43	65.81
Operating Income	62.16	69.32	84.96	87.58	90.93
Interest Expense	-49.04	-43.95	-39.3	16	-0.53
Interest & Investment Income	0.13	0.67	0.09	0.01	0
Other Non-Operating Income	-0.16	-0.17	-0.34	-0.34	-0.31
EBT Excluding Unusual Items	13.09	25.86	45.41	103.26	90.1
Gain (Loss) on Sale of Assets	-	-2.63	-	-	-
Asset Writedown	7.44	-15.06	-161.21	-143.73	-17.2
Other Unusual Items	-	-	-	-0.34	-
Pretax Income	20.54	8.17	-115.79	-40.81	72.9
Income Tax Expense	0.2	0.12	0.05	-13.89	4.71
Net Income	20.33	8.05	-115.84	-26.92	68.19
Net Income to Common	20.33	8.05	-115.84	-26.92	68.19
Net Income Growth	152.59%	-	-	-	193.80%
Basic Shares Outstanding	1,339	1,308	1,305	1,293	1,223
Diluted Shares Outstanding	1,339	1,308	1,305	1,293	1,223
Shares Change (YoY)	2.35%	0.26%	0.93%	5.73%	7.27%
EPS (Basic)	0.02	0.01	-0.09	-0.02	0.06
EPS (Diluted)	0.02	0.01	-0.09	-0.02	0.06
EPS Growth	146.80%	-	-	-	173.90%
Dividend Per Share	0.006	0.003	0.025	0.059	0.062
Dividend Growth	110.34%	-88.21%	-58.66%	-3.41%	-2.38%
Operating Margin	46.63%	49.17%	53.17%	53.73%	58.01%
Profit Margin	15.25%	5.71%	-72.49%	-16.51%	43.50%
EBIT	62.16	69.32	84.96	87.58	90.93
EBIT Margin	46.63%	49.17%	53.17%	53.73%	58.01%
Effective Tax Rate	0.99%	1.48%	-	-	6.46%

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