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Income Statement · Annual · Millions · USD
Line itemFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Rental revenue308315321355283280275270258232
Total revenues400414426385307297308301278250
Provision for credit losses––––1–––––
Depreciation and amortization16116415914111111111211511196
Gain on sale of real estate001232749114005377
Impairment of real estate0009200045765
Funds from operations (NAREIT definition, derived)1621661508469140493545
Operating income––––––––––
Interest expense525572114423560120127114
Interest and investment income0001000111
Other non-operating income (expense)–01632849140(95)(35)9984
Net income113261(12)144(62)(158)(11)(79)
Net income to common shareholders––3261(18)144(62)–––
KBSR · FinancialMD