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| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Rental (including tenant reimbursements) | $265.5M-13.5% | $306.9M-0.1% | $307.3M+12.0% | $274.4M+34.1% | $204.6M |
| Other | $469K-70.3% | $1.6M-26.7% | $2.2M+8.8% | $2.0M | — |
| Total revenues | $266.0M-13.8% | $308.5M-0.3% | $309.5M+12.0% | $276.4M+35.1% | $204.6M |
| Property expenses | $30.2M+6.0% | $28.5M+14.4% | $24.9M+136.6% | $10.5M+136.8% | $4.4M |
| General and administrative expense | $33.7M-9.9% | $37.4M-12.6% | $42.8M+11.2% | $38.5M+67.8% | $23.0M |
| Depreciation and amortization expense | $74.1M+4.6% | $70.8M+5.4% | $67.2M+9.6% | $61.3M+46.7% | $41.8M |
| Impairment loss on real estate | $3.5M | $0 | $0 | — | — |
| Total expenses | $141.5M+3.5% | $136.7M+1.3% | $134.9M+22.3% | $110.3M+59.5% | $69.2M |
| Gain (loss) on sale of real estate | -$326K+90.5% | -$3.4M | $0 | — | — |
| Income from operations | $124.1M-26.3% | $168.3M-3.6% | $174.6M+2.9% | $169.6M+25.3% | $135.4M |
| Interest and other income | $14.3M+30.3% | $11.0M+30.1% | $8.4M | — | $397K |
| Interest expense | -$20.2M-14.3% | -$17.7M-1.2% | -$17.5M+4.6% | -$18.3M-1.2% | -$18.1M |
| Gain (loss) on exchange of Exchangeable Senior Notes | $0 | $0-100.0% | $22K | — | -$3.7M |
| Net income | $118.2M-26.9% | $161.7M-2.4% | $165.6M+7.3% | $154.4M+35.4% | $114.0M |
| Preferred stock dividends | -$3.8M-111.3% | -$1.8M-33.4% | -$1.4M+0.0% | -$1.4M+0.0% | -$1.4M |
| Net income attributable to common stockholders | $114.4M-28.4% | $159.9M-2.7% | $164.2M+7.3% | $153.0M+35.9% | $112.6M |
| Basic (in dollars per share) | $4K-28.7% | $6K-4.1% | $6K+4.5% | $6K+18.8% | $5K |
| Diluted (in dollars per share) | $4K-28.8% | $6K-4.3% | $6K+4.5% | $6K+21.3% | $5K |
| Basic (in shares) | $28.01B-0.8% | $28.23B+0.9% | $27.98B+2.3% | $27.35B+14.4% | $23.90B |
| Diluted (in shares) | $28.38B-0.5% | $28.53B+1.0% | $28.26B+2.1% | $27.66B+5.3% | $26.26B |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
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