VTMX 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	283.19	251.95	213.45	178.03	160.7
Service and Other Revenue	0.03	0.38	1.02	-	0.09
Revenue	283.22	252.33	214.47	178.03	160.79
Revenue Growth (YoY)	12.25%	17.65%	20.47%	10.72%	7.29%
Property Expenses	28.28	24.59	18.24	11.42	10.73
Total Property Expenses	28.28	24.59	18.24	11.42	10.73
Gross Profit	254.95	227.73	196.23	166.6	150.06
Selling, General & Admin	35.49	34.18	31.72	24.41	21.4
Other Operating Expenses	3.52	5.15	3.04	0.37	0.12
Operating Income	215.93	188.4	161.47	141.81	128.54
Net Gains on Disposal of Properties	-0.01	2.62	-0.46	5.03	13.99
Interest Income	5.28	15.19	9.41	2.64	0.08
Interest Expense	-56.23	-44.26	-46.31	-46.4	-50.26
Other Non-Operating Income (Expense)	68.99	264.22	257.5	188.76	163.69
Total Non-Operating Income (Expense)	18.04	237.76	220.15	150.03	127.5
Pretax Income	233.97	426.16	381.62	291.85	256.03
Provision for Income Taxes	-	-	-	48.22	82.09
Net Income	241.9	223.35	316.64	243.62	173.94
Net Income to Common	241.9	223.35	316.64	243.62	173.94
Net Income Growth	8.31%	-29.46%	29.97%	40.06%	159.79%
Shares Outstanding (Basic)	85	87	76	68	65
Shares Outstanding (Diluted)	86	88	77	69	69
Shares Change (YoY)	-2.51%	14.89%	10.74%	0.19%	20.80%
EPS (Basic)	2.85	2.56	4.18	3.57	2.68
EPS (Diluted)	2.81	2.53	4.12	3.51	2.64
EPS Growth	11.07%	-38.59%	17.36%	33.12%	125.88%
Shares Outstanding	84.6	85.71	87.01	67.97	68.43
Free Cash Flow	-130.52	-102.03	-120.33	-204.23	-0.68
Free Cash Flow Per Share	-1.52	-1.16	-1.57	-2.94	-0.01
Dividends Per Share	0.085	0.072	0.072	0.088	0.083
Dividend Growth	17.90%	-	-18.01%	5.73%	-16.02%
Gross Margin	90.02%	90.25%	91.50%	93.58%	93.33%
Operating Margin	76.24%	74.67%	75.29%	79.66%	79.94%
Profit Margin	82.61%	168.89%	177.94%	136.85%	108.18%
FCF Margin	-46.08%	-40.43%	-56.11%	-114.72%	-0.43%
EBITDA	217.66	189.82	163.05	143.28	130.14
EBITDA Margin	76.85%	75.23%	76.02%	80.48%	80.94%
EBIT	215.93	188.4	161.47	141.81	128.54
EBIT Margin	76.24%	74.67%	75.29%	79.66%	79.94%
Effective Tax Rate	0.00%	0.00%	0.00%	16.52%	32.06%

Updated Feb 19, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q