Fair Value REIT-AG
F:FVI
Income Statement
Earnings Waterfall
Fair Value REIT-AG
Income Statement
Fair Value REIT-AG
| Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Dec-2024 | Mar-2025 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
5
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
12
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
3
|
1
|
3
|
3
|
3
|
2
|
2
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
0
|
1
|
1
|
0
|
0
|
|
| Revenue |
8
N/A
|
12
+42%
|
15
+31%
|
30
+100%
|
30
-2%
|
29
-2%
|
28
-2%
|
12
-57%
|
13
+6%
|
14
+4%
|
14
+4%
|
23
+63%
|
25
+9%
|
25
-1%
|
25
-1%
|
17
-33%
|
15
-9%
|
15
+2%
|
17
+13%
|
19
+8%
|
47
+150%
|
42
-10%
|
57
+33%
|
67
+18%
|
81
+21%
|
89
+10%
|
77
-13%
|
54
-30%
|
54
+1%
|
56
+4%
|
57
+1%
|
34
-40%
|
33
-4%
|
30
-7%
|
29
-3%
|
28
-4%
|
28
0%
|
28
+0%
|
28
0%
|
28
+0%
|
28
0%
|
28
+0%
|
28
+0%
|
27
-3%
|
26
-5%
|
24
-7%
|
23
-4%
|
23
-2%
|
24
+4%
|
23
-1%
|
30
+28%
|
30
0%
|
24
-19%
|
31
+27%
|
31
0%
|
25
-20%
|
31
+25%
|
31
0%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(3)
|
(4)
|
(4)
|
(3)
|
(18)
|
(18)
|
(18)
|
(4)
|
(7)
|
(13)
|
(13)
|
(5)
|
(13)
|
(7)
|
(8)
|
(5)
|
(6)
|
(7)
|
(7)
|
(5)
|
(14)
|
(12)
|
(15)
|
(13)
|
(16)
|
(19)
|
(17)
|
(13)
|
(38)
|
(38)
|
(39)
|
(12)
|
(12)
|
(13)
|
(13)
|
(12)
|
(11)
|
(11)
|
(10)
|
(12)
|
(12)
|
(9)
|
(10)
|
(11)
|
(11)
|
(8)
|
(7)
|
(7)
|
(8)
|
(8)
|
(10)
|
(10)
|
(8)
|
(11)
|
(11)
|
(9)
|
(12)
|
(12)
|
|
| Gross Profit |
5
N/A
|
8
+47%
|
11
+34%
|
27
+152%
|
12
-56%
|
11
-5%
|
11
-6%
|
9
-18%
|
6
-28%
|
0
-93%
|
1
+93%
|
18
+1 982%
|
12
-35%
|
18
+52%
|
17
-4%
|
12
-30%
|
9
-26%
|
9
-2%
|
11
+23%
|
14
+27%
|
33
+143%
|
30
-8%
|
41
+36%
|
54
+30%
|
65
+22%
|
70
+8%
|
60
-14%
|
41
-31%
|
16
-61%
|
18
+14%
|
18
0%
|
22
+20%
|
20
-7%
|
18
-12%
|
17
-6%
|
17
-2%
|
17
+4%
|
17
+0%
|
18
+1%
|
17
-6%
|
16
-2%
|
19
+17%
|
18
-3%
|
16
-13%
|
15
-3%
|
16
+2%
|
16
+1%
|
16
-2%
|
16
0%
|
16
-1%
|
20
+27%
|
20
+3%
|
16
-22%
|
20
+25%
|
20
-2%
|
16
-19%
|
19
+21%
|
18
-4%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(0)
|
(3)
|
(3)
|
1
|
1
|
2
|
(4)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(7)
|
3
|
4
|
5
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(3)
|
(3)
|
(4)
|
(4)
|
(3)
|
(2)
|
(12)
|
(12)
|
(12)
|
(3)
|
(3)
|
(4)
|
(3)
|
(2)
|
(2)
|
|
| Selling, General & Administrative |
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(4)
|
(3)
|
0
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(2)
|
(3)
|
(3)
|
|
| Depreciation & Amortization |
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
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
|
| Other Operating Expenses |
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
2
|
(0)
|
(0)
|
5
|
5
|
2
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
8
|
8
|
9
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(9)
|
(9)
|
0
|
0
|
0
|
(0)
|
0
|
1
|
|
| Operating Income |
1
N/A
|
3
+176%
|
5
+77%
|
22
+323%
|
7
-68%
|
7
-5%
|
6
-10%
|
6
-5%
|
3
-42%
|
(2)
N/A
|
(2)
+14%
|
16
N/A
|
9
-40%
|
15
+63%
|
15
-4%
|
10
-35%
|
7
-32%
|
9
+32%
|
8
-6%
|
11
+36%
|
34
+209%
|
32
-7%
|
43
+36%
|
50
+15%
|
63
+26%
|
67
+7%
|
57
-16%
|
39
-32%
|
13
-65%
|
15
+12%
|
14
-6%
|
15
+8%
|
23
+54%
|
21
-7%
|
22
+0%
|
13
-38%
|
14
+5%
|
13
-5%
|
13
+0%
|
12
-6%
|
13
+5%
|
15
+13%
|
14
-3%
|
13
-10%
|
12
-4%
|
12
-1%
|
12
+2%
|
13
+5%
|
13
+1%
|
4
-70%
|
8
+93%
|
9
+10%
|
13
+54%
|
17
+25%
|
16
-3%
|
13
-17%
|
17
+26%
|
17
+0%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(4)
|
(12)
|
(36)
|
(21)
|
(18)
|
(17)
|
(10)
|
(5)
|
0
|
1
|
(14)
|
(8)
|
(13)
|
(13)
|
(6)
|
(4)
|
(5)
|
(6)
|
(12)
|
(32)
|
(30)
|
(37)
|
(57)
|
(65)
|
(69)
|
(61)
|
(38)
|
(11)
|
(11)
|
(11)
|
(17)
|
(17)
|
(17)
|
(16)
|
(1)
|
(1)
|
3
|
4
|
9
|
24
|
21
|
6
|
10
|
5
|
(5)
|
(2)
|
7
|
6
|
(11)
|
(12)
|
(21)
|
(26)
|
(26)
|
(16)
|
(11)
|
(12)
|
(14)
|
|
| Non-Reccuring Items |
4
|
5
|
5
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
2
|
2
|
0
|
2
|
4
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
10
|
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
|
|
| Total Other Income |
(2)
|
(2)
|
(2)
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
(0)
|
0
|
1
|
1
|
2
|
0
|
1
|
2
|
1
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
2
N/A
|
3
+19%
|
(3)
N/A
|
(13)
-339%
|
(13)
+2%
|
(12)
+9%
|
(11)
+3%
|
(4)
+66%
|
(1)
+71%
|
(1)
-26%
|
(0)
+88%
|
2
N/A
|
2
+17%
|
3
+21%
|
2
-22%
|
5
+150%
|
5
-10%
|
4
-20%
|
4
+12%
|
2
-45%
|
2
-22%
|
2
+23%
|
7
+182%
|
(6)
N/A
|
(2)
+64%
|
(1)
+48%
|
(5)
-299%
|
1
N/A
|
2
+154%
|
4
+92%
|
3
-23%
|
8
+161%
|
6
-29%
|
4
-22%
|
6
+27%
|
12
+116%
|
13
+10%
|
16
+20%
|
17
+9%
|
21
+20%
|
37
+78%
|
35
-5%
|
20
-43%
|
23
+14%
|
17
-26%
|
7
-56%
|
11
+43%
|
20
+92%
|
20
-4%
|
(7)
N/A
|
(4)
+48%
|
(12)
-233%
|
(13)
-2%
|
(9)
+25%
|
(0)
+96%
|
2
N/A
|
5
+165%
|
3
-49%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
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
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
2
|
3
|
(3)
|
(13)
|
(13)
|
(12)
|
(11)
|
(4)
|
(1)
|
(1)
|
(0)
|
2
|
2
|
3
|
2
|
5
|
5
|
4
|
4
|
2
|
2
|
2
|
7
|
(6)
|
(2)
|
(1)
|
(5)
|
1
|
2
|
4
|
3
|
8
|
6
|
4
|
6
|
12
|
13
|
16
|
17
|
21
|
37
|
35
|
20
|
23
|
17
|
7
|
11
|
20
|
20
|
(7)
|
(4)
|
(12)
|
(13)
|
(9)
|
(0)
|
2
|
5
|
3
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
1
|
(1)
|
(1)
|
(1)
|
0
|
1
|
1
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(5)
|
1
|
(3)
|
(5)
|
(3)
|
(1)
|
(0)
|
0
|
1
|
(1)
|
(1)
|
(1)
|
(2)
|
(5)
|
(6)
|
(7)
|
(8)
|
(8)
|
(13)
|
(12)
|
(6)
|
(8)
|
(6)
|
(3)
|
(4)
|
(7)
|
(7)
|
1
|
(1)
|
2
|
5
|
4
|
1
|
(2)
|
(3)
|
(2)
|
|
| Net Income (Common) |
2
N/A
|
3
+19%
|
(3)
N/A
|
(13)
-339%
|
(13)
+1%
|
(12)
+6%
|
(12)
+1%
|
(3)
+76%
|
(2)
+27%
|
(2)
-7%
|
(1)
+46%
|
2
N/A
|
3
+28%
|
4
+24%
|
3
-24%
|
5
+72%
|
4
-14%
|
3
-27%
|
4
+30%
|
1
-68%
|
(0)
N/A
|
1
N/A
|
2
+11%
|
(5)
N/A
|
(5)
-1%
|
(7)
-24%
|
(7)
-9%
|
(0)
+99%
|
2
N/A
|
4
+152%
|
4
+5%
|
7
+53%
|
5
-30%
|
3
-35%
|
3
+11%
|
7
+109%
|
8
+11%
|
9
+17%
|
10
+9%
|
13
+29%
|
24
+88%
|
23
-3%
|
14
-40%
|
15
+10%
|
11
-29%
|
4
-62%
|
6
+52%
|
13
+116%
|
13
-7%
|
(6)
N/A
|
(4)
+33%
|
(10)
-133%
|
(8)
+26%
|
(6)
+26%
|
1
N/A
|
0
-64%
|
2
+768%
|
1
-67%
|
|
| EPS (Diluted) |
0.22
N/A
|
0.27
+23%
|
-0.32
N/A
|
-1.41
-341%
|
-1.4
+1%
|
-1.32
+6%
|
-1.3
+2%
|
-0.31
+76%
|
-0.23
+26%
|
-0.24
-4%
|
-0.13
+46%
|
0.24
N/A
|
0.31
+29%
|
0.38
+23%
|
0.29
-24%
|
0.49
+69%
|
0.42
-14%
|
0.31
-26%
|
0.4
+29%
|
0.13
-68%
|
0
N/A
|
0.17
N/A
|
0.18
+6%
|
-0.56
N/A
|
-0.57
-2%
|
-0.7
-23%
|
-0.76
-9%
|
-0.01
+99%
|
0.18
N/A
|
0.29
+61%
|
0.28
-3%
|
0.5
+79%
|
0.31
-38%
|
0.22
-29%
|
0.23
+5%
|
0.49
+113%
|
0.55
+12%
|
0.64
+16%
|
0.7
+9%
|
0.9
+29%
|
1.68
+87%
|
1.62
-4%
|
0.98
-40%
|
1.08
+10%
|
0.76
-30%
|
0.29
-62%
|
0.44
+52%
|
0.96
+118%
|
0.9
-6%
|
-0.46
N/A
|
-0.31
+33%
|
-0.72
-132%
|
-0.54
+25%
|
-0.4
+26%
|
0.05
N/A
|
0.02
-60%
|
0.15
+650%
|
0.05
-67%
|
|