Income StatementSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22Sep '22Jun '22

Total Revenues

39,326

38,104

36,741

35,767

34,312

33,144

Total Revenues %Chg

14.6%

15%

13.1%

12%

10%

7.4%

Property Expenses

31,801

30,749

29,600

28,811

27,612

26,757

Total Property Expenses

31,801

30,749

29,600

28,811

27,612

26,757

Gross Profit

7,525

7,355

7,141

6,956

6,700

6,387

Gross Profit Margin

19.1%

19.3%

19.4%

19.4%

19.5%

19.3%

Selling, General & Administrative Expenses

5,268

5,177

5,093

5,011

4,745

4,566

Depreciation & Amortization Expenses

717

714

693

674

654

625

Other Operating Expenses

—

—

—

—

—

—

Operating Profit

1,540

1,464

1,355

1,271

1,301

1,196

Operating Margin

3.9%

3.8%

3.7%

3.6%

3.8%

3.6%

Net Gains on Disposal of Properties

185

148

129

142

21

27

Interest and Investment Income

109

52

55

-19

50

41

Interest Expense

-211

-225

-229

-215

-202

-176

Non-Operating Income

22

31

32

39

66

68

Total Non-Operating Income

105

6

-13

-53

-65

-40

Income Before Provision for Income Taxes

1,643

1,468

1,342

1,218

1,236

1,156

Provision for Income Taxes

316

292

263

182

206

170

Consolidated Net Income

1,327

1,176

1,079

1,036

1,030

986

Net Income Attributable to Minority Interests and Other

99

86

74

68

72

62

Net Income Attributable to Common Shareholders

1,228

1,090

1,005

968

958

924

Basic EPS

4.1

3.6

3.3

3.2

3.1

3

Diluted EPS

4.1

3.6

3.3

3.1

3.1

3

Basic Weighted Average Shares Outstanding

300.1

302.3

304.5

305.9

305.9

306.3

Total Shares Outstanding

297.6

297.5

299.6

302.1

306

306.5

Diluted Weighted Average Shares Outstanding

302.6

304.6

306.6

308

308.3

309.3

EBITDA

2,269

2,189

2,049

1,945

1,955

1,821

Effective Tax Rate

19.2%

19.9%

19.6%

14.9%

16.7%

14.7%