Income StatementJun '25Dec '24Jun '24Dec '23Jun '23Dec '22Jun '22Dec '21Jun '21Dec '20Jun '20Dec '19Jun '19Dec '18

Property Revenue

2,844.2

2,826.2

2,656.2

2,749.8

2,680.4

2,409.6

Service and Other Revenue

56.6

40.8

31.7

22.3

24.6

15.6

Total Revenues

2,900.8

2,867.1

2,687.9

2,772.1

2,705

2,425.2

Total Revenues %Chg

7.9%

3.4%

-0.6%

14.3%

19.3%

8.1%

Property Expenses

1,159

1,216.5

1,101.8

1,210.7

1,170.9

968.7

Total Property Expenses

1,159

1,216.5

1,101.8

1,210.7

1,170.9

968.7

Property Taxes

107.9

102.6

98.2

120.5

95.9

90.5

Gross Profit

1,633.9

1,548

1,487.8

1,440.8

1,438.2

1,366

Gross Profit Margin

56.3%

54%

55.4%

52%

53.2%

56.3%

Selling, General & Administrative Expenses

259.6

244.4

235.6

227.5

221.5

217.9

Depreciation & Amortization Expenses

904.2

915.4

856.4

841.1

853.8

818.8

Other Operating Expenses

62.8

75.6

236.5

179.9

30.7

50.9

Operating Profit

407.4

312.6

159.3

192.3

332.2

278.4

Operating Margin

14%

10.9%

5.9%

6.9%

12.3%

11.5%

Net Gains on Disposal of Properties

932.9

144.3

451.5

810.6

89.9

174

Interest and Investment Income

-19.7

-62.7

-57.5

-49.7

20

-40.4

Interest Expense

-207.8

-228.5

-224.3

-224.4

-213.3

-163.4

Non-Operating Income

70.5

77.5

70.9

75.1

-6.7

-7.1

Total Non-Operating Income

775.9

-69.4

240.7

611.5

-110.1

-36.9

Income Before Provision for Income Taxes

1,183.4

243.2

399.9

803.8

222.1

241.5

Provision for Income Taxes

30

17.4

37.4

38

37.6

1.9

Consolidated Net Income

1,153.3

225.8

362.5

765.8

184.5

239.6

Net Income Attributable to Minority Interests and Other

11.2

-14.9

0.8

3.9

-2.4

-1.4

Net Income Attributable to Preferred Dividends

20.4

20.4

20.4

20.4

20.4

20.4

Net Income Attributable to Common Shareholders

1,121.8

220.4

341.4

741.6

166.5

220.6

Basic EPS

3.3

0.7

1.1

2.5

0.6

0.8

Diluted EPS

3.2

0.6

1

2.4

0.5

0.7

Basic Weighted Average Shares Outstanding

337.1

330.8

315.9

303.9

293.3

288.1

Total Shares Outstanding

340.4

336.6

325.9

311.6

299.2

291.1

Diluted Weighted Average Shares Outstanding

345.3

338.6

324.5

313.7

304.5

310.9

EBITDA

1,311.6

1,228

1,015.7

1,033.4

1,186

1,097.2

Effective Tax Rate

2.5%

7.1%

9.4%

4.7%

16.9%

0.8%