SMA 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
Property Revenue	238.5	209.58	206.49	191.75	150.61
Service and Other Revenue	42.64	27.43	26.5	20.89	18.15
Revenue	281.14	237.01	232.99	212.64	168.76
Revenue Growth (YoY)	18.62%	1.72%	9.57%	26.00%	36.07%
Property Expenses	86.36	70.68	65.36	58.44	48.13
Service and Other Expenses	22.3	10.63	9.13	7.11	5.73
Total Property Expenses	108.67	81.31	74.49	65.55	53.86
Gross Profit	172.47	155.69	158.5	147.09	114.91
Selling, General & Admin	38.21	29.95	27.45	28.25	23.27
Depreciation & Amortization Expenses	73.2	56.11	60.23	64.62	53.37
Other Operating Expenses	2.25	0.41	0.19	4.45	21.94
Operating Income	59.1	69.22	70.63	65.87	16.51
Net Gains on Disposal of Properties	0.28	-	-	-	0.18
Interest Income	5.22	6.04	6.26	3.53	1.12
Interest Expense	-59.9	-72.33	-61.81	-41.51	-33.38
Other Non-Operating Income (Expense)	-2.55	-1.75	-0.23	13.71	-3.38
Total Non-Operating Income (Expense)	-56.95	-68.04	-55.78	-24.28	-35.47
Pretax Income	2.15	1.19	14.85	41.59	-18.96
Provision for Income Taxes	-1.9	-1.48	2.6	0.56	1.81
Net Income	-8.76	-18.38	-2.75	6.32	-29.4
Minority Interest in Earnings	0.19	0.27	-1.89	-2.85	2.66
Net Income Attributable to Preferred Dividends	7.21	12.76	12.5	12.5	12.5
Net Income to Common	-8.76	-18.38	-2.75	6.32	-29.4
Shares Outstanding (Basic)	47	24	24	21	18
Shares Outstanding (Diluted)	47	24	24	21	18
Shares Change (YoY)	95.94%	-0.26%	15.28%	17.52%	37.91%
EPS (Basic)	-0.20	-0.78	-0.13	0.26	-1.48
EPS (Diluted)	-0.20	-0.78	-0.13	0.26	-1.48
Free Cash Flow	-233.31	-97.62	46.36	3.6	-16.45
Free Cash Flow Growth	-	-	1188.71%	-	-
Free Cash Flow Per Share	-4.93	-4.04	1.92	0.17	-0.92
Dividends Per Share	-	2.200	2.390	2.394	2.400
Dividend Growth	-	-7.96%	-0.17%	-0.23%	-0.01%
Gross Margin	61.35%	65.69%	68.03%	69.17%	68.09%
Operating Margin	21.02%	29.21%	30.31%	30.98%	9.78%
Profit Margin	-0.62%	-2.48%	5.00%	10.19%	-11.59%
FCF Margin	-82.99%	-41.19%	19.90%	1.69%	-9.75%
EBITDA	132.3	125.33	130.86	130.49	69.88
EBITDA Margin	47.06%	52.88%	56.16%	61.36%	41.40%
EBIT	59.1	69.22	70.63	65.87	16.51
EBIT Margin	21.02%	29.21%	30.31%	30.98%	9.78%
Effective Tax Rate	-88.42%	-125.23%	17.49%	1.33%	-9.55%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q