SEG 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
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
Rental Revenue	20.03	25.36	22.1	19.81	7.98
Other Revenue	83.81	53.2	49.95	62.11	72.65
Total Revenue	103.84	78.57	72.05	81.92	80.63
Revenue Growth (YoY	42.22%	9.05%	-12.06%	1.60%	-
Property Expenses	134.69	119.19	120.12	120.85	98.77
Selling, General & Administrative	22.38	39.47	26.04	16.98	17.21
Depreciation & Amortization	36.05	34.79	48.43	47.36	41.61
Other Operating Expenses	-4.69	-4.73	0.05	-0.88	0.78
Total Operating Expenses	190.79	191.08	195.09	185.72	158.54
Operating Income	-86.95	-112.51	-123.05	-103.8	-77.91
Interest Expense	-1	-6.75	-3.17	-4.01	-6.53
EBT Excluding Unusual Items	-86.15	-119.26	-126.21	-107.81	-84.44
Gain (Loss) on Sale of Investments	-10	-10	-37	-	-
Asset Writedown	-	-	-672.49	-	-
Total Legal Settlements	2	2	-	-	-
Other Unusual Items	-25.36	-25.36	-4.55	-	-
Pretax Income	-119.51	-152.63	-840.25	-107.81	-84.44
Income Tax Expense	-	-	-2.19	3.47	-3.58
Net Income	-119.51	-152.63	-838.07	-111.28	-80.87
Net Income to Common	-120.21	-152.63	-838.07	-111.28	-80.87
Basic Shares Outstanding	13	9	6	6	-
Diluted Shares Outstanding	13	9	6	6	-
Shares Change (YoY)	129.89%	64.94%	-	-	-
EPS (Basic)	-9.47	-16.76	-151.77	-20.15	-
EPS (Diluted)	-9.52	-16.82	-151.77	-20.15	-
Operating Margin	-83.73%	-143.21%	-170.79%	-126.70%	-96.62%
Profit Margin	-115.76%	-194.27%	-1163.25%	-135.83%	-100.29%
EBITDA	-50.9	-77.73	-74.62	-56.44	-36.3
EBITDA Margin	-49.02%	-98.93%	-103.57%	-68.89%	-45.01%
D&A For Ebitda	36.05	34.79	48.43	47.36	41.61
EBIT	-86.95	-112.51	-123.05	-103.8	-77.91
EBIT Margin	-83.73%	-143.21%	-170.79%	-126.70%	-96.62%
Revenue as Reported	118.83	111.14	115.68	119.05	82.62

Updated May 12, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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