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

Total Revenues

9,058

8,943

8,846

8,748

8,597

8,457

Total Revenues %Chg

5.4%

5.7%

6.4%

6.8%

8.2%

9.4%

Total Property Expenses

4,506

4,462

4,460

4,467

4,363

4,334

Gross Profit

4,552

4,481

4,386

4,281

4,234

4,123

Gross Profit Margin

50.3%

50.1%

49.6%

48.9%

49.2%

48.8%

Selling, General & Administrative Expenses

2,688

2,670

2,654

2,657

2,663

2,608

Other Operating Expenses

98

97

95

296

18

10

Operating Profit

1,529

1,480

1,422

1,328

1,571

1,527

Operating Margin

16.9%

16.5%

16.1%

15.2%

18.3%

18.1%

Interest and Investment Income

201

183

160

137

116

104

Interest Expense

-511

-500

-475

-457

-434

-419

Non-Operating Income

-9

-2

-2

-50

-7

-20

Total Non-Operating Income

-319

-319

-317

-370

-325

-335

Income Before Provision for Income Taxes

1,196

1,147

1,090

975

1,245

1,191

Provision for Income Taxes

126

155

164

161

190

156

Consolidated Net Income

1,070

992

926

814

1,055

1,035

Net Income Attributable to Minority Interests and Other

-2

-2

-1

-1

-1

—

Net Income Attributable to Discontinued Operations

—

—

—

—

—

—

Net Income Attributable to Common Shareholders

1,071

994

927

815

1,056

1,035

Basic EPS

11

10.3

9.7

8.5

11.1

11

Diluted EPS

10.9

10.2

9.6

8.5

11.1

10.9

Basic Weighted Average Shares Outstanding

97.5

96.9

96.2

95.5

94.8

94.4

Total Shares Outstanding

97.9

97.9

97.8

97.3

96.5

94.9

Diluted Weighted Average Shares Outstanding

97.7

97.1

96.4

95.8

95.2

94.8

EBITDA

1,529

1,480

1,422

3,337

1,571

3,468

Effective Tax Rate

10.5%

13.5%

15%

16.5%

15.3%

13.1%