Prime US REIT 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	Jun '25 Jun 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	134.79	140.96	159.8	163.01	156.74	143.56
Total Revenue	134.79	140.96	159.8	163.01	156.74	143.56
Revenue Growth (YoY	-12.37%	-11.79%	-1.97%	4.00%	9.18%	-1.39%
Property Expenses	67.04	69.23	72.67	72.95	63.76	56.55
Selling, General & Administrative	2.49	2.42	2.17	2.48	2.05	1.61
Total Operating Expenses	69.53	71.65	74.84	75.43	65.81	58.16
Operating Income	65.26	69.32	84.96	87.58	90.93	85.4
Interest Expense	-52.21	-43.95	-39.3	16	-0.53	-30.96
Interest & Investment Income	0.65	0.67	0.09	0.01	0	0
Other Non-Operating Income	-0.13	-0.17	-0.34	-0.34	-0.31	-0.27
EBT Excluding Unusual Items	13.58	25.86	45.41	103.26	90.1	54.17
Gain (Loss) on Sale of Assets	-2.63	-2.63	-	-	-	-
Asset Writedown	-8.12	-15.06	-161.21	-143.73	-17.2	-28.94
Other Unusual Items	-	-	-	-0.34	-	-
Pretax Income	2.84	8.17	-115.79	-40.81	72.9	25.24
Income Tax Expense	0.12	0.12	0.05	-13.89	4.71	2.03
Net Income	2.71	8.05	-115.84	-26.92	68.19	23.21
Net Income to Common	2.71	8.05	-115.84	-26.92	68.19	23.21
Net Income Growth	-	-	-	-	193.80%	-71.31%
Basic Shares Outstanding	1,308	1,308	1,305	1,293	1,223	1,140
Diluted Shares Outstanding	1,308	1,308	1,305	1,293	1,223	1,140
Shares Change (YoY)	0.04%	0.26%	0.93%	5.73%	7.27%	12.14%
EPS (Basic)	0.00	0.01	-0.09	-0.02	0.06	0.02
EPS (Diluted)	0.00	0.01	-0.09	-0.02	0.06	0.02
EPS Growth	-	-	-	-	173.90%	-74.41%
Dividend Per Share	0.002	0.003	0.025	0.059	0.062	0.063
Dividend Growth	-42.50%	-88.21%	-58.66%	-3.41%	-2.38%	-8.07%
Operating Margin	48.42%	49.17%	53.17%	53.73%	58.01%	59.49%
Profit Margin	2.01%	5.71%	-72.49%	-16.51%	43.50%	16.17%
EBIT	65.26	69.32	84.96	87.58	90.93	85.4
EBIT Margin	48.42%	49.17%	53.17%	53.73%	58.01%	59.49%
Effective Tax Rate	4.34%	1.48%	-	-	6.46%	8.04%

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