Income Statement

Revenue
+ Sales & Services Revenue
- Cost of Revenue
+ Cost of Goods & Services
+ Depreciation & Amortization
Gross Profit
+ Other Operating Income
- Operating Expenses
+ Selling, General & Admin
+ General & Administrative
+ Research & Development
+ Depreciation & Amortization
+ Other Operating Expense
Operating Income (Loss)
- Non-Operating (Income) Loss
+ Interest Expense, Net
+ Interest Expense
- Interest Income
+ Other Investment (Inc) Loss
+ Foreign Exch (Gain) Loss
+ (Income) Loss from Affiliates
+ Other Non-Op (Income) Loss
Pretax Income (Loss), Adjusted
- Abnormal Losses (Gains)
+ Disposal of Assets
+ Asset Write-Down
+ Impairment of Goodwill
+ Impairment of Intangibles
+ Sale of Investments
+ Unrealized Investments
Pretax Income (Loss), GAAP
- Income Tax Expense (Benefit), GAAP
+ Current Income Tax (Benefit), GAAP
+ Deferred Income Tax (Benefit), GAAP
Income (Loss) from Cont Ops, GAAP
- Net Extraordinary Losses (Gains), GAAP
+ Discontinued Operations, GAAP
+ XO & Accounting Changes, GAAP
Income (Loss) Incl. MI, GAAP
- Minority Interest, GAAP
Net Income, GAAP
- Preferred Dividends, GAAP
 - Other Adjustments, GAAP
Net Income Avail to Common, GAAP

Net Income Avail to Common, Adj

Net Abnormal Losses (Gains)
Net Extraordinary Losses (Gains)

Basic Weighted Avg Shares

Basic EPS, GAAP
Basic EPS from Cont Ops
Basic EPS from Cont Ops, Adjusted

Diluted Weighted Avg Shares

Diluted EPS, GAAP
Diluted EPS from Cont Ops
Diluted EPS from Cont Ops, Adjusted

Reference Items
Accounting Standard
EBITDA
EBITDA Margin (T12M)
EBITA
EBIT
Gross Margin
Operating Margin
Profit Margin
Current Profit
Revenue Per Employee
Dividends per Share
Total Cash Common Dividends

Balance General
Assets
+ Real Estate Held for Sale
+ Real Estate Equity Interests
+ Net Real Estate Property
+ Net Mortgages & Notes
+ Mortgage Loan (REIT)
+ Notes Receivable
- Less Allowance
+ Mortgage Backed Invt
Total Real Estate Investments
+ Cash & Near Cash Items
+ Accounts Receivable
+ Other Investments
 + Other Assets
+ Restricted Assets
Total Assets

Liabilities & Shareholders' Equity

+ Accounts Payable
+ ST Liabilities & Deposits
+ Secured & Unsecured Debt
+ Other Long-Term Liabilities
Total Liabilities
+ Total Preferred Equity
+ Minority Interest
+ Share Capital & APIC
+ Retained Earnings & Other Equity
Total Equity
Total Liabilities & Equity

Reference Items
Accounting Standard
Shares Outstanding
Number of Treasury Shares
Amount of Treasury Shares
Operating Leases
Capital Leases - Short Term
Capital Leases - Long Term
Capital Leases - Total
Book Value per Share
Non-Depreciable Real Estate
Projects Under Development
Net Debt
Tangible Common Equity Ratio
Debt to Real-Estate Investment
Total Debt to Total Capital
Total Liabilities to Total Common Equity
Number of Employees

Cash Flow
Net income (loss)
+ Depreciation & Amortization
+ Other Non-Cash Adjustments
+ Changes in Non-Cash Capital
Cash From Operating Activities

Cash From Investing Activities

+ Disposal of Fixed Assets
 + Property Additions
+ Property Improvements
+ Change in Investments
+ Change in Notes
+ Change in Mortgages
+ Change in Real Estate Interest
+ Other Investing Activities
Cash from Investing Activities

Cash from Financing Activities

+ Dividends Paid
+ Preferred Dividends Other Distributions
+ Proceeds from Repayments of Borrowings - Detailed
+ Change in Unsecured Debt
+ Change in Secured Debt
+ Increase in Capital Stocks
+ Decrease in Capital Stocks
+ Other Financing Activities
Cash from Financing Activities
Net Changes in Cash

Reference Items
EBITDA
EBITDA/Revenue
Funds From Operations
Free Cash Flow to Equity
FFO per Share
Cash Paid for Interest
Net Cash Paid for Acquisitions
Capital Expenditures to Real-Estate Investment
Capital Expenditures to FFO
2023 Y 2022 Y 2021 Y 2020 Y 2019 Y

26057.337 23900.687 21868.71 19193.235 19189.083

438.049 545.985 92.967 125.939 169.842

494.416 473.857 445.662 383.393 375.955

1013.934 920.224 882.108 860.787 898.508

102.184 102.184 102.184 102.184 108.184

392.232 371.673 343.478 281.209 267.771
19049.084 17797.389 16437.38 13962.963 14212.913
3671.742 4990.046 9483.823 8740.009 3514.267
10144.604 8575.12 7439.371 7882.981 5690.016
10144.604 8575.12 7439.371 7882.981 5690.016
0 0 0 0 0

-7454.408 -3596.716 2422.979 2158.947 -1559.953

802.583 -686.352 -446.9 -1853.283 -759.988
-7275.445 -2898.722 2521.801 2710.311 -1415.761
15377.342 12807.343 6953.557 5222.954 10698.646
-2966.723 -11289.545 2913.104 -8736.28 -7451.672
-873.052 -143.373 -489.68 -50.575

-2966.723 -10416.493 3056.477 -8246.6 -7401.097

18344.065 24096.888 4010.004 13959.234 18150.318
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
18344.065 24096.888 4010.004 13959.234 18150.318
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
18344.065 24096.888 4010.004 13959.234 18150.318
510.71 454.031 350.466 984.986 150.263
17833.355 23642.857 3659.538 12974.248 18000.055
0 0 0 0 0
 0 0 0 0 0
17833.355 23642.857 3659.538 12974.248 18000.055

14866.632 12353.312 6603.091 4237.968 10548.383

-2966.723 -11289.545 2913.104 -8736.28 -7451.672
0 0 0 0 0

3807.28824 3779 3800 3872.4154 3928.194243

4.684004 6.256379 0.963036 3.350428 4.582272
4.684004 6.256379 0.963036 3.350428 4.582272
3.904782 3.268937 1.729643 1.094399 2.685301

3807.28824 3779 3800 3872.4154 3928.194243

4.684004 6.256379 0.963036 3.350428 4.582272
4.684004 6.256379 0.963036 3.350428 4.582272
3.904782 3.268937 1.729643 1.094399 2.685301

20988.773 18138.263 16759.421 14294.217 14516.438

80.548419 75.8901324 76.6365323 74.4752878 75.64946173
19151.268 17899.573 16539.564 14065.147 14321.097
19049.084 17797.389 16437.38 13962.963 14212.913

73.1044926 74.4639223 75.1639214 72.7493984 74.06770297

57.0535354 51.6860122 30.194241 22.0805299 54.97075082

78015979 75396489 76464021 66643177.1 70289681.32

2.259392 2.7012 1.7123 1.1842 2.3391
8602.15582 10207.8348 6506.74 4585.71432 9188.439154

2023 Y 2022 Y 2021 Y 2020 Y 2019 Y

0 0 0 0 0
9892.099 10679.088 9957.484 9510.584 7657.301
312270.87 300989.567 286470.312 278253.392 259485.461
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
322162.969 311668.655 296427.796 287763.976 267142.762
2826.642 6887.111 6739.511 7746.593 3042.914
3537.159 2851.632 2323.542 1612.37 1488.232
0 0 0 0 0
 10106.995 16904.603 11130.662 10931.317
10440.234
0
338633.765 338312.001 316621.511 308054.256 282114.142

3350.027 2938.629 2619.19 2259.818 2295.269

6628.151 6607.581 4769.048 4703.119 4253.766
128555.595 139439.051 136026.198 125529.858 107058.638
5337.373 3175.732 2267.304 2165.889 1601.601
143871.146 152160.993 145681.74 134658.684 115209.274
0 0 0 0 0
6725.202 6223.094 5309.512 4862.48 4012.038
106372.973 106051.073 105407.873 106183.896 109935.017
81664.444 73876.841 60222.386 62349.196 52957.813
194762.619 186151.008 170939.771 173395.572 166904.868
338633.765 338312.001 316621.511 308054.256 282114.142

3807.28824 3779 3800 3872.4154 3928.194243

1235.42734 1287.97459 1316.52354 0 0
0 0
0
0
0
0
49.3888052 47.6125732 43.5869103 43.5214393 41.4676108

125728.953 132551.94 129286.687 117783.265 104015.724

55.528254 53.1840176 52.3117518 54.7088991 57.7400441
39.9039019 44.739517 45.888476 43.6225061 40.07544026
39.7613216 42.8265689 44.3131199 41.9937032 39.07770037
76.5119774 84.5677525 87.9559936 79.9004412 70.72703814
334 317 286 288 273

17833.355 23642.857 3659.538 12974.248 18000.055

1939.689 340.874 322.041 331.254 303.525
-8606.231 -11524.879 8650.335 -5882.812 -12875.13
-699.405 -503.788 -473.157 -66.473 -123.313
10467.408 11955.064 12158.757 7356.217 5305.137

0 0 0 0 0
 0 0 0 0 0
-5945.415 -7174.575 -2115.651 -4804.286 -7401.364
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
3128.916 -3093.449 -10301.776 -5196.002 -19777.767
-2816.499 -10268.024 -12417.427 -10000.288 -27179.131

-10292.848 -8652.082 -5156.934 -5772.751 -9087.663

0 0 0 0 0
-172.675 8632.989 8780.965 15181.235 29595.645
28051.638 43942.323 26783.36 38041.843 49547.71
-28224.313 -35309.334 -18002.395 -22860.608 -19952.065
0 0 0 0 0
0 0 0 0 0
-1245.855 -1520.344 -4372.443 -2060.734 0
-11711.378 -1539.437 -748.412 7347.75 20507.982
-4060.469 147.603 -1007.082 4703.679 -1366.012

20988.773 18138.263 16759.421 14294.217 14516.438

80.548419 75.8901324 76.6365323 74.4752878 75.64946173
8918.2 9251.4 8999.4 6260 9120.9
10294.733 20588.053 20939.722 22537.452 34900.782
2.3493 2.4458 2.3615 1.6019 2.3348
8273.73 7991.378 6108.222 7888.186 4946.952
0 0 0 0 288.825
1.87602347 2.35968323 0.72430017 1.73156521 2.983949125
0.66666087 0.77551235 0.23508801 0.76745783 0.811472991
Revenue
+ Sales & Services Revenue
- Cost of Revenue
+ Cost of Goods & Services
+ Depreciation & Amortization
Gross Profit
+ Other Operating Income
- Operating Expenses
+ Selling, General & Admin
+ General & Administrative
+ Research & Development
+ Depreciation & Amortization
+ Other Operating Expense
Operating Income (Loss)
- Non-Operating (Income) Loss
+ Interest Expense, Net
+ Interest Expense
- Interest Income
+ Other Investment (Inc) Loss
+ Foreign Exch (Gain) Loss
+ (Income) Loss from Affiliates
+ Other Non-Op (Income) Loss
Pretax Income (Loss), Adjusted
- Abnormal Losses (Gains)
+ Disposal of Assets
+ Asset Write-Down
+ Impairment of Goodwill
+ Impairment of Intangibles
+ Sale of Investments
+ Unrealized Investments
Pretax Income (Loss), GAAP
- Income Tax Expense (Benefit), GAAP
+ Current Income Tax (Benefit), GAAP
+ Deferred Income Tax (Benefit), GAAP
Income (Loss) from Cont Ops, GAAP
- Net Extraordinary Losses (Gains), GAAP
+ Discontinued Operations, GAAP
+ XO & Accounting Changes, GAAP
Income (Loss) Incl. MI, GAAP
- Minority Interest, GAAP
Net Income, GAAP
- Preferred Dividends, GAAP
- Other Adjustments, GAAP
Net Income Avail to Common, GAAP
Net Income Avail to Common, Adj
Net Abnormal Losses (Gains)
Net Extraordinary Losses (Gains)

Basic Weighted Avg Shares

Basic EPS, GAAP
Basic EPS from Cont Ops
Basic EPS from Cont Ops, Adjusted

Diluted Weighted Avg Shares

Diluted EPS, GAAP
Diluted EPS from Cont Ops
Diluted EPS from Cont Ops, Adjusted

Reference Items
Accounting Standard
EBITDA
EBITDA Margin (T12M)
EBITA
EBIT
Gross Margin
Operating Margin
Profit Margin
Current Profit
Revenue Per Employee
Dividends per Share
Total Cash Common Dividends
Personnel Expense
Depreciation Expense
Rental Expense

BALANCE GENERAL
Assets
+ Real Estate Held for Sale
+ Real Estate Equity Interests
+ Net Real Estate Property
+ Net Mortgages & Notes
+ Mortgage Loan (REIT)
+ Notes Receivable
- Less Allowance
+ Mortgage Backed Invt
Total Real Estate Investments
+ Cash & Near Cash Items
+ Accounts Receivable
 + Other Investments
+ Other Assets
+ Restricted Assets
Total Assets

Liabilities & Shareholders' Equity

+ Accounts Payable
+ ST Liabilities & Deposits
+ Secured & Unsecured Debt
+ Unsecured Debt
+ Secured Debt
+ Other Long-Term Liabilities
Total Liabilities
+ Total Preferred Equity
+ Minority Interest
+ Share Capital & APIC
+ Retained Earnings & Other Equity
Total Equity
Total Liabilities & Equity

Reference Items
Accounting Standard
Shares Outstanding
Number of Treasury Shares
Amount of Treasury Shares
Operating Leases
Capital Leases - Short Term
Capital Leases - Long Term
Capital Leases - Total
Book Value per Share
Net Debt
Tangible Common Equity Ratio
Debt to Real-Estate Investment
Total Debt to Total Capital
Total Liabilities to Total Common Equity
Number of Employees

Flujo de efectivo
Cash From Operating Activities
Net income (loss)
+ Depreciation & Amortization
+ Provision for Doubtful Accounts
+ Other Non-Cash Adjustments
+ Changes in Non-Cash Capital
Cash From Operating Activities
Cash From Investing Activities
+ Disposal of Fixed Assets
+ Property Additions
+ Property Improvements
+ Change in Investments
+ Change in Notes
+ Change in Mortgages
+ Change in Real Estate Interest
+ Other Investing Activities
Cash from Investing Activities

Cash from Financing Activities

+ Dividends Paid
+ Preferred Dividends Other Distributions
+ Proceeds from Repayments of Borrowings - Detailed
+ Change in Unsecured Debt
+ Change in Secured Debt
+ Increase in Capital Stocks
+ Decrease in Capital Stocks
+ Other Financing Activities
Cash from Financing Activities
Net Changes in Cash

Reference Items
EBITDA
EBITDA/Revenue
Funds From Operations
Free Cash Flow to Equity
FFO per Share
Cash Paid for Taxes
Cash Paid for Interest
Net Cash Paid for Acquisitions
Capital Expenditures to Real-Estate Investment
Capital Expenditures to FFO
 2023 2022 2021 2020 2019
4089.983 4077.475 3847.644 4028.1 3657.565

0 0 215.495 0 0
0 0

319.171 282.936 271.646 261.687 243.299

0 0 0 0 0
2991.614 3140.844 2965.882 3146.926 2882.223
4143.376 2288.638 -67.357 2718.155 1735.245
915.285 961.682 909.653 1002.153 921.102
915.285 961.682 909.653 1002.153 921.102
0 0 0 0 0

5580.455 2588.567 -1158.27 -1068.541 833.442

-223.505 76.551 -192.029 316.958 -155.013
3451.596 1250.405 -784.981 1399.044 969.156
-1151.762 852.206 3033.239 428.771 1146.978
-5172.751 -1987.439 -4767.929 -1157.936 605.08

-5172.751 -1987.439 -4767.929 -1157.936 605.08

4020.989 2839.645 7801.168 1586.707 541.898
-0.834 -0.171 4.782 -0.633 5.582
0.604 0.816 1.296 0.274
-0.775 3.966 -1.929 5.308
4021.823 2839.816 7796.386 1587.34 536.316
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
4021.823 2839.816 7796.386 1587.34 536.316
54.611 -8.212 4.78 -15.585 0
3967.212 2848.028 7791.606 1602.925 536.316
0 0 0 0 0
0 0 0 0 0
3967.212 2848.028 7791.606 1602.925 536.316
 -1205.539 860.589 3023.677 444.989 1141.396
-3620.9257 -1391.2073 -3337.5503 -810.5552 423.556
0 0 0 0 0

797.311379 797.311379 797.311379 798.538082 804.929864

4.97461134 3.57102618 9.76780691 2.00732442 0.66628951
4.97461134 3.57102618 9.76780691 2.00732442 0.66628951
0.43431794 1.82716615 5.58634436 0.99227551 1.19249168

797.311379 797.311379 797.311379 798.538082 804.929864

4.97461134 3.57102618 9.76780691 2.00732442 0.66628951
4.97461134 3.57102618 9.76780691 2.00732442 0.66628951
0.43431794 1.82716615 5.58634436 0.99227551 1.19249168

3126.067 3224.481 3045.621 3208.77 2930.401

76.4322737 79.0803377 79.155478 79.659641 80.1189042

2991.614 3140.844 2965.882 3146.926 2882.223

73.1449006 77.0291418 77.0830669 78.1243266 78.8016891

-29.4754037 21.1059295 78.585155 11.047119 31.2064447

45954865.2 52954220.8 52707452.1 55179452.1 53008188.4

2.79647633 1.86189868 1.80635585 2.53651327 1.22216939
2229.6624 1484.513 1440.22808 2023.27892 980.096

2023 2022 2021 2020 2019

0 0 0 0 0
1266.865 1147.682 1323.7 1186.526 1544.25
49895.84 48861.01 47659.885 41119.827 38799.138
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
51162.705 50008.692 48983.585 42306.353 40343.388
467.686 1226.602 715.618 889.571 693.209
0 0 0 37.75 0
 0 0 0 0 0
1318.614 1406.658 1207.695 1170.212 1608.262
0 0 0 0 0
52949.005 52641.952 50906.898 44403.886 42644.859

795.811 978.144 800.947 146.985 97.758

333.229 348.486 340.119 1312.324 1108.501
15465.845 16683.461 16419.466 15701.789 14825.577

25.109 73.246 124.022 362.369 62.658

16619.994 18083.337 17684.554 17523.467 16094.494
0 0 0 0 0
292.04 240.143 248.355 243.575 0
17303.908 17303.908 17303.908 17311.749 17394.792
18733.063 17014.564 15670.081 9325.095 9155.573
36329.011 34558.615 33222.344 26880.419 26550.365
52949.005 52641.952 50906.898 44403.886 42644.859

797.311379 797.311379 797.311379 797.661477 801.931393

0 0 0 0 0
0 0 0
3.302 3.501 3.953 3.523 4.239
4.283 7.575 11.139 14.088 16.968
7.585 11.076 15.092 17.611 21.207
45.1981145 43.0427471 41.3564761 33.3936698 33.1080255
14998.159 15456.859 15703.848 14812.218 14132.368
67.5438864 64.6267173 64.1809502 59.2146112 61.4994147
30.2287477 33.3611225 33.5203436 37.1144944 36.7484679
29.8598089 32.5581286 33.075881 36.8740602 35.8313945
46.1192868 52.6927219 53.6318308 65.7865737 60.6187297
89 77 73 73 69

2023 2022 2021 2020 2019

3967.212 2848.028 7791.606 1602.925 536.316

134.453 83.637 79.739 61.844 48.178

-1609.686 -255.731 -5500.746 815.448 1764.009

-377.084 -130.04 -333.787 239.846 29.097
2114.895 2545.894 2036.812 2720.063 2377.6
 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
-1680.591 -1835.136 -929.505 -1252.458 -1032.544
-1680.591 -1835.136 -929.505 -1252.458 -1032.544

-2229.681 -1484.513 -1446.78 -1420.023 -983.687

0 0 0 0 0
971.571 1279.641 197.728 327.054 -154.023
5260.246 6789.09 197.728 4340.034 6231.596
-4288.675 -5509.449 0 -4007.607 -6380.379
0 0 0 0 0
0 0 -7.841 -83.043 -102.691
62.847 4.087 -23.842 -94.317 48.571
-1195.263 -200.785 -1280.735 -1270.329 -1191.83
-760.959 509.973 -173.428 197.276 153.226

3126.067 3224.481 3045.621 3208.77 2930.401

76.4322737 79.0803377 79.155478 79.659641 80.1189042
2474.5 2521.3 2325 2394.3 2303.63
3086.466 3825.535 2234.54 3052.49 2228.817
3.10364187 3.16226781 2.91544688 2.99832525 2.86188149
0.834 0.171 -4.782 0.633
881.917 855.488 859.387 955.721 764.667
7.074 3.543 4.639 10.064 326.331
0 0 0 0 0
0 0 0 0 0
 2023
Revenue 5606.34
+ Sales & Services Revenue
- Cost of Revenue
+ Cost of Goods & Services
+ Depreciation & Amortization
Gross Profit
+ Other Operating Income 95.002
- Operating Expenses 0
+ Selling, General & Admin 2225.453
+ General & Administrative 1421.814
+ Research & Development
+ Depreciation & Amortization 0
+ Other Operating Expense 0
Operating Income (Loss) 3380.887
- Non-Operating (Income) Loss 624.751
+ Interest Expense, Net 680.287
+ Interest Expense 680.287
- Interest Income 0
+ Other Investment (Inc) Loss
+ Foreign Exch (Gain) Loss -74.603
+ (Income) Loss from Affiliates
+ Other Non-Op (Income) Loss -55.536
Pretax Income (Loss), Adjusted 2756.136
- Abnormal Losses (Gains) -12275.82
+ Disposal of Assets
+ Asset Write-Down
+ Impairment of Goodwill
+ Impairment of Intangibles
+ Sale of Investments
+ Unrealized Investments -12275.82
Pretax Income (Loss), GAAP 15031.956
- Income Tax Expense (Benefit), GAAP 0
+ Current Income Tax (Benefit), GAAP 0
+ Deferred Income Tax (Benefit), GAAP 0
Income (Loss) from Cont Ops, GAAP 15031.956
- Net Extraordinary Losses (Gains), GAAP 0
+ Discontinued Operations, GAAP 0
+ XO & Accounting Changes, GAAP 0
Income (Loss) Incl. MI, GAAP 15031.956
- Minority Interest, GAAP 0
Net Income, GAAP 15031.956
- Preferred Dividends, GAAP 0
- Other Adjustments, GAAP 0
Net Income Avail to Common, GAAP 15031.956
Net Income Avail to Common, Adj 2756.136
Net Abnormal Losses (Gains) -12275.82
Net Extraordinary Losses (Gains) 0

Basic Weighted Avg Shares 1181.95596

Basic EPS, GAAP 12.7178645
Basic EPS from Cont Ops 12.7178645
Basic EPS from Cont Ops, Adjusted 2.33184339

Diluted Weighted Avg Shares 1181.95596

Diluted EPS, GAAP 12.7178645
Diluted EPS from Cont Ops 12.7178645
Diluted EPS from Cont Ops, Adjusted 2.33184339

Reference Items
Accounting Standard
EBITDA 3380.887
EBITDA Margin (T12M) 60.3047086
EBITA
EBIT 3380.887
Gross Margin
Operating Margin 60.3047086
Profit Margin 49.1610569
Current Profit
Revenue Per Employee
Dividends per Share 1.56322034
Total Cash Common Dividends 1847.65777
Personnel Expense
Depreciation Expense
Rental Expense

BALANCE 2023
Assets
+ Real Estate Held for Sale 0
+ Real Estate Equity Interests
+ Net Real Estate Property 83406.806
+ Net Mortgages & Notes 0
+ Mortgage Loan (REIT) 0
+ Notes Receivable 0
- Less Allowance 0
+ Mortgage Backed Invt 0
Total Real Estate Investments 83406.806
+ Cash & Near Cash Items 3322.815
+ Accounts Receivable 100.528
 + Other Investments 0
+ Other Assets 790.331
+ Restricted Assets 0
Total Assets 87620.48

Liabilities & Shareholders' Equity

+ Accounts Payable 166.482
+ ST Liabilities & Deposits 65.328
+ Secured & Unsecured Debt 15535.29
+ Other Long-Term Liabilities 378.36
Total Liabilities 16145.46
+ Total Preferred Equity 0
+ Minority Interest 0
+ Share Capital & APIC 38885.136
+ Retained Earnings & Other Equity 32589.884
Total Equity 71475.02
Total Liabilities & Equity 87620.48

Reference Items
Accounting Standard
Shares Outstanding 1181.95596
Number of Treasury Shares
Amount of Treasury Shares 5
Operating Leases
Capital Leases - Short Term
Capital Leases - Long Term
Capital Leases - Total
Book Value per Share 60.471813
Non-Depreciable Real Estate
Projects Under Development
Net Debt 12212.475
Tangible Common Equity Ratio 81.5734175
Debt to Real-Estate Investment 18.625926
Total Debt to Total Capital 17.8545393
Total Liabilities to Total Common Equity 22.5889549

CASH FLOW 2023

Cash From Operating Activities
Net income (loss) 15031.956
+ Depreciation & Amortization 0
+ Other Non-Cash Adjustments -11328.431
+ Changes in Non-Cash Capital -341.133
Cash From Operating Activities 3362.392

Cash From Investing Activities

 + Disposal of Fixed Assets 0
+ Property Additions 0
+ Property Improvements -405.341
+ Change in Investments 0
+ Change in Notes 0
+ Change in Mortgages 0
+ Change in Real Estate Interest 0
+ Other Investing Activities -5608.68
Cash from Investing Activities -6014.021

Cash from Financing Activities

+ Dividends Paid -2572.664
+ Preferred Dividends Other Distributions 0
+ Proceeds from Repayments of Borrowings - Detailed -105.022
+ Change in Unsecured Debt 0
+ Change in Secured Debt -105.022
+ Increase in Capital Stocks 6967.137
+ Decrease in Capital Stocks 0
+ Other Financing Activities -1019.584
Cash from Financing Activities 3269.867
Net Changes in Cash 618.238

Reference Items
EBITDA 3380.887
EBITDA/Revenue 60.3047086
Funds From Operations 3693.818
Free Cash Flow to Equity 3257.37
Cash Paid for Taxes
Cash Paid for Interest 658.725
Net Cash Paid for Acquisitions
Capital Expenditures to Real-Estate Investment 0.51263382
Capital Expenditures to FFO 0.10973497
 2022 2021 2020 2019
5543.019 4906.417 4661.822 3824.765

44.099 47.141 60.919 70.039

0 0 0

1314.387 878.064 490.295 669.296

0 0 0
0 0 0 0
3509.045 3385.474 3568.158 2631.872
859.53 728.894 811.116 733.79
880.809 725.56 869.688 730.576
880.809 725.56 869.688 730.576
0 0 0 0

-21.279 -0.606 -61.002 -15.424

0 0 0 0
-21.279 3.334 -58.572 3.214
2649.515 2656.58 2757.042 1898.082
-4898.216 -7322.781 -805.632 -261.111

-4898.216 -7322.781 -805.632 -261.111

7547.731 9979.361 3562.674 2159.193
0 0 0 0
0 0 0 0
0 0 0 0
7547.731 9979.361 3562.674 2159.193
0 0 0 0
0 0 0 0
0 0 0 0
7547.731 9979.361 3562.674 2159.193
0 0 0 0
7547.731 9979.361 3562.674 2159.193
0 0 0 0
0 0 0 0
7547.731 9979.361 3562.674 2159.193
 2649.515 2656.58 2757.042 1898.082
-4898.216 -7322.781 -805.632 -261.111
0 0 0 0

1045.42517 878.574741 871.153618 667.180701

7.21977204 11.3585799 4.0896045 3.23629406
7.21977204 11.3585799 4.0896045 3.23629406
2.53439037 3.02373805 3.16481739 2.84492937

1045.42517 878.574741 871.153618 667.180701

7.21977204 11.3585799 4.0896045 3.23629406
7.21977204 11.3585799 4.0896045 3.23629406
2.53439037 3.02373805 3.16481739 2.84492937

3509.045 3385.474 3568.158 2631.872

63.3056643 69.0009431 76.539988 68.8113387

3509.045 3385.474 3568.158 2631.872

63.3056643 69.0009431 76.539988 68.8113387

47.7991326 54.1450105 59.1408681 49.6261077

2.31600939 2.1083264 2.09071403 1.71083949

2421.21492 1852.32232 1821.33309 1141.43876

2022 2021 2020 2019

0 0 0 0
0 0 0 0
74733.756 71267.372 56831.355 44611.642
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
74733.756 71267.372 56831.355 44611.642
2704.577 342.501 434.406 182.792
71.361 54.622 52.313 56.87
 0 0 0 0
1012.506 526.288 752.975 75.098
0 0 0 0
78522.2 72190.783 58071.049 44926.402

89.25 204.347 71.397 69.159

135.591 81.405 60.869 49.517
17900.779 21768.149 17042.906 14551.328
404.234 388.071 353.644 342.025
18529.854 22441.972 17528.816 15012.029
0 0 0 0
0 0 0 0
31149.718 22688.711 22369.174 14124.954
28842.628 27060.1 18173.059 15789.419
59992.346 49748.811 40542.233 29914.373
78522.2 72190.783 58071.049 44926.402

1045.42517 878.574741 871.153618 667.180701

5 5 5 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
57.3855955 56.6244494 46.5385578 44.8369879

15196.202 21425.648 16608.5 14368.536

76.4017641 68.9129677 69.8148797 66.5852854
23.9527356 30.5443408 29.9885618 32.6177817
22.9812053 30.4377437 29.5960143 32.7248366
30.8870302 45.1105696 43.2359411 50.1833316

2022 2021 2020 2019

7547.731 9979.361 3562.674 2159.193

0 0 0 0
-4317.484 -6909.392 -709.5 -70.236
38.772 -287.952 26.047 52.775
3269.019 2782.017 2879.221 2141.732
 0 0 0 0
0 0 0 0
-301.504 -236.18 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
-3035.554 -3166.322 -11069.802 780.375
-3337.058 -3402.502 -11069.802 780.375

-2113.836 -1751.632 -1568.397 -1526.752

0 0 0 0
-2759.04 2640.503 1730.719 -1361.959
5671.268 12116.024 11961.049 1736.006
-8430.308 -9475.521 -10230.33 -3097.965
7805.519 0 8239.22 0
0 0 0 0
-502.528 -360.291 40.653 -189.88
2430.115 528.58 8442.195 -3078.591
2362.076 -91.905 251.614 -156.484

3509.045 3385.474 3568.158 2631.872

63.3056643 69.0009431 76.539988 68.8113387
3257.953 2939.888 2902.445 2085.809
509.979 5422.52 4609.94 779.773
0 0 0
854.076 548.148 567.734 712.81
0 0 0
0.41301599 0.36874683 0 0
0.092544 0.08033639 0 0