VTMX 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	282.7	283.19	251.95	213.45	178.03	160.7
Service and Other Revenue	10.2	0.03	0.38	1.02	-	0.09
Revenue	292.8	283.23	252.33	214.47	178.03	160.79
Revenue Growth (YoY)	13.07%	12.25%	17.65%	20.47%	10.72%	7.29%
Property Expenses	0.07	28.28	24.59	18.24	11.42	10.73
Total Property Expenses	0.07	28.28	24.59	18.24	11.42	10.73
Gross Profit	292.73	254.95	227.74	196.23	166.6	150.06
Selling, General & Admin	25.1	35.49	34.18	31.72	24.41	21.4
Depreciation & Amortization Expenses	1.6	-	-	-	-	-
Other Operating Expenses	0.6	3.52	5.15	3.04	0.37	0.12
Operating Income	265.43	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	6.4	5.28	15.19	9.41	2.64	0.08
Interest Expense	-65	-56.23	-44.26	-46.31	-46.4	-50.26
Other Non-Operating Income (Expense)	136.2	68.99	264.22	257.51	188.76	163.69
Total Non-Operating Income (Expense)	77.6	18.04	237.76	220.15	150.04	127.5
Pretax Income	303.3	233.97	426.16	381.62	291.85	256.03
Provision for Income Taxes	-24.6	-	-	-	48.22	82.09
Net Income	328	241.9	223.35	316.64	243.63	173.94
Net Income to Common	328	241.9	223.35	316.64	243.63	173.94
Net Income Growth	188.68%	8.31%	-29.46%	29.97%	40.06%	159.78%
Shares Outstanding (Basic)	85	85	87	76	68	65
Shares Outstanding (Diluted)	86	86	88	77	69	69
Shares Change (YoY)	-2.05%	-2.51%	14.89%	10.74%	0.19%	20.80%
EPS (Basic)	3.82	2.85	2.56	4.18	3.57	2.68
EPS (Diluted)	3.80	2.81	2.53	4.12	3.51	2.64
EPS Growth	111.12%	11.07%	-38.59%	17.36%	33.12%	125.88%
Shares Outstanding	85.01	84.6	85.71	87.01	67.97	68.43
Free Cash Flow	-59.75	-130.52	-102.03	-120.33	-204.23	-0.68
Free Cash Flow Per Share	-0.69	-1.52	-1.16	-1.57	-2.94	-0.01
Dividends Per Share	0.085	0.085	0.072	0.072	0.088	0.083
Dividend Growth	-	17.90%	-	-18.01%	5.73%	-16.02%
Gross Margin	99.98%	90.02%	90.25%	91.50%	93.58%	93.33%
Operating Margin	90.65%	76.24%	74.67%	75.29%	79.66%	79.94%
Profit Margin	111.99%	82.61%	168.89%	177.94%	136.85%	108.18%
FCF Margin	-20.41%	-46.08%	-40.43%	-56.11%	-114.72%	-0.43%
EBITDA	267.02	217.66	189.82	163.05	143.28	130.14
EBITDA Margin	91.19%	76.85%	75.23%	76.02%	80.48%	80.94%
EBIT	265.43	215.93	188.4	161.47	141.81	128.54
EBIT Margin	90.65%	76.24%	74.67%	75.29%	79.66%	79.94%
Effective Tax Rate	-8.11%	0.00%	0.00%	0.00%	16.52%	32.06%

Updated Apr 23, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q