FSP Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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 Revenue	106.28	107.16	120.08	145.45	163.74	207.58
Service and Other Revenue	-	-	0.03	0.26	1.88	1.78
Revenue	106.28	107.16	120.11	145.71	165.62	209.36
Revenue Growth (YoY)	-8.38%	-10.78%	-17.57%	-12.02%	-20.89%	-14.84%
Property Expenses	42.24	42.04	45.04	50.73	52.82	60.88
Total Property Expenses	42.24	42.04	45.04	50.73	52.82	60.88
Property Taxes	17.09	18.21	22.72	27.2	34.62	41.06
Gross Profit	46.96	46.91	52.35	67.78	78.18	107.42
Selling, General & Admin	11.61	12.43	13.88	14.02	13.89	15.9
Depreciation & Amortization Expenses	42.37	42.61	44.77	54.74	63.81	78.54
Operating Income	-7.02	-8.13	-6.31	-0.98	0.48	12.97
Net Gains on Disposal of Properties	0.38	-12.9	-20.83	-23.38	27.94	113.13
Interest Income	0.89	0.99	2.09	0.57	-	-
Interest Expense	-25.84	-24.72	-26.42	-24.32	-22.81	-32.27
Other Non-Operating Income (Expense)	-1.28	-0.01	-1.04	0.29	-4.32	-0.48
Total Non-Operating Income (Expense)	-25.84	-36.65	-46.2	-46.85	0.82	80.38
Pretax Income	-32.86	-44.77	-52.51	-47.83	1.3	92.93
Provision for Income Taxes	0.19	0.19	0.22	0.28	0.2	0.64
Net Income	-33.05	-44.96	-52.72	-48.11	1.09	92.72
Net Income to Common	-33.05	-44.96	-52.72	-48.11	1.09	92.72
Net Income Growth	-	-	-	-	-98.82%	184.28%
Shares Outstanding (Basic)	104	104	104	103	103	107
Shares Outstanding (Diluted)	104	104	104	103	103	107
Shares Change (YoY)	0.12%	0.13%	0.15%	0.02%	-3.12%	-0.59%
EPS (Basic)	-0.32	-0.43	-0.51	-0.47	0.01	0.87
EPS (Diluted)	-0.32	-0.43	-0.51	-0.47	0.01	0.87
EPS Growth	-	-	-	-	-98.85%	190.00%
Shares Outstanding	103.69	103.69	103.57	103.43	103.24	105.63
Free Cash Flow	-10.58	-12.66	-16.23	-13.77	-39.68	-28.47
Free Cash Flow Per Share	-0.10	-0.12	-0.16	-0.13	-0.38	-0.27
Dividends Per Share	0.030	0.040	0.040	0.040	0.120	0.360
Dividend Growth	-25.00%	-	-	-66.67%	-66.67%	-
Gross Margin	44.19%	43.78%	43.59%	46.51%	47.20%	51.31%
Operating Margin	-6.60%	-7.58%	-5.25%	-0.68%	0.29%	6.20%
Profit Margin	-31.10%	-41.96%	-43.89%	-33.02%	0.66%	44.09%
FCF Margin	-9.95%	-11.82%	-13.51%	-9.45%	-23.96%	-13.60%
EBITDA	38.4	37.21	41.44	56.26	66.18	94.02
EBITDA Margin	36.13%	34.72%	34.50%	38.61%	39.96%	44.91%
EBIT	-7.02	-8.13	-6.31	-0.98	0.48	12.97
EBIT Margin	-6.60%	-7.58%	-5.25%	-0.68%	0.29%	6.20%
Effective Tax Rate	-0.58%	-0.42%	-0.41%	-0.58%	15.72%	0.69%

Updated Apr 28, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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