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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	71	76	79	85	82	83	–	–	–	–
Rental revenue	–	75	77	83	82	83	92	91	91	97
Property operating expenses	9	11	11	–	–	–	–	–	–	–
Provision for credit losses	–	–	–	–	–	–	–	–	–	–
Depreciation and amortization	18	21	24	22	23	23	24	25	24	27
Gain on sale of real estate	10	10	5	4	17	25	17	17	18	–
Total operating expenses	39	44	48	49	51	51	55	57	59	68
Impairment of real estate	0	0	0	–	0	–	0	0	1	5
Funds from operations (NAREIT definition, derived)	32	35	40	36	34	36	49	37	38	57
Operating income	42	42	36	40	48	57	54	50	50	48
Interest expense	17	18	18	20	19	18	18	19	19	23
Net income from continuing operations	24	–	–	–	–	–	–	–	–	–
Net income	24	24	21	18	27	39	42	30	30	25
Net income to common shareholders	23	23	19	17	26	38	41	28	29	24