FR Balance Sheet

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
Property, Plant & Equipment	5,196	4,781	4,729	4,446	3,803
Cash & Equivalents	78.03	44.51	43.84	133.24	58.59
Accounts Receivable	192.95	170.2	155.03	130.05	103.83
Other Intangible Assets	32.08	19.31	21.52	24.09	21.32
Restricted Cash	-	7.17	-	11.87	0.19
Other Current Assets	5.93	26.89	25.8	37.03	151.47
Deferred Long-Term Charges	7.36	0.71	2.04	3.29	4.58
Other Long-Term Assets	176.24	212.09	198.58	168.6	36.05
Total Assets	5,688	5,261	5,176	4,954	4,179
Current Portion of Long-Term Debt	301.09	-	0.78	0.25	2.67
Current Portion of Leases	2.37	-	-	-	-
Long-Term Debt	2,253	2,209	2,224	2,066	1,610
Long-Term Leases	17.08	17.61	21.99	22.27	22.59
Accounts Payable	171.85	123.88	130.8	178.63	150.43
Other Current Liabilities	62.66	51.19	44.2	41.26	37.18
Long-Term Unearned Revenue	114.77	104.56	106.73	100.17	98.59
Other Long-Term Liabilities	5.94	8.86	11.85	15.15	9.25
Total Liabilities	2,929	2,515	2,541	2,424	1,931
Common Stock	1.33	1.32	1.32	1.32	1.32
Additional Paid-In Capital	2,436	2,425	2,412	2,401	2,376
Distributions in Excess of Earnings	230.67	219.1	127.71	23.13	-178.29
Comprehensive Income & Other	3.16	19.94	22.27	33.41	-4.24
Total Common Equity	2,671	2,666	2,563	2,459	2,195
Minority Interest	87.54	80.42	72.13	71.1	53.56
Shareholders' Equity	2,759	2,746	2,635	2,530	2,248
Total Liabilities & Equity	5,688	5,261	5,176	4,954	4,179
Total Debt	2,574	2,227	2,247	2,089	1,635
Net Cash (Debt)	-2,496	-2,182	-2,203	-1,956	-1,577
Net Cash Per Share	-18.84	-16.48	-16.65	-14.80	-12.15
Filing Date Shares Outstanding	132.52	132.39	132.34	132.21	131.78
Total Common Shares Outstanding	132.47	132.35	132.29	132.14	131.75
Book Value Per Share	20.17	20.14	19.37	18.61	16.66
Tangible Book Value	2,639	2,646	2,541	2,435	2,173
Tangible Book Value Per Share	19.92	19.99	19.21	18.43	16.50
Land	1,872	1,795	1,757	1,646	1,387
Buildings	4,275	3,897	3,712	3,443	3,020
Construction In Progress	221.05	153.97	245.39	253.9	239.03

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

SEC Filings: 10-K · 10-Q