Fortune Real Estate Investment Trust
OTC:FRIVF
Income Statement
Earnings Waterfall
Fortune Real Estate Investment Trust
Income Statement
Fortune Real Estate Investment Trust
| Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | 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 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
19
|
0
|
0
|
0
|
59
|
0
|
0
|
0
|
107
|
0
|
0
|
0
|
112
|
0
|
0
|
0
|
100
|
0
|
0
|
0
|
88
|
0
|
0
|
0
|
47
|
0
|
0
|
0
|
45
|
0
|
0
|
0
|
71
|
0
|
0
|
0
|
176
|
0
|
0
|
210
|
0
|
57
|
0
|
229
|
265
|
257
|
239
|
243
|
258
|
265
|
192
|
119
|
107
|
120
|
240
|
401
|
530
|
588
|
561
|
0
|
|
| Revenue |
308
N/A
|
172
-44%
|
216
+26%
|
284
+32%
|
453
+59%
|
448
-1%
|
546
+22%
|
581
+6%
|
614
+6%
|
616
+0%
|
612
-1%
|
607
-1%
|
615
+1%
|
611
-1%
|
616
+1%
|
629
+2%
|
637
+1%
|
653
+2%
|
662
+1%
|
668
+1%
|
701
+5%
|
742
+6%
|
781
+5%
|
819
+5%
|
837
+2%
|
847
+1%
|
870
+3%
|
897
+3%
|
909
+1%
|
950
+4%
|
1 000
+5%
|
1 053
+5%
|
1 114
+6%
|
1 156
+4%
|
1 186
+3%
|
1 217
+3%
|
1 318
+8%
|
1 420
+8%
|
1 522
+7%
|
1 656
+9%
|
1 294
-22%
|
1 348
+4%
|
1 819
+35%
|
1 882
+3%
|
1 935
+3%
|
1 910
-1%
|
1 940
+2%
|
1 936
0%
|
1 960
+1%
|
1 937
-1%
|
1 844
-5%
|
1 796
-3%
|
1 806
+1%
|
1 769
-2%
|
1 764
0%
|
1 806
+2%
|
1 786
-1%
|
1 749
-2%
|
1 746
0%
|
1 729
-1%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(95)
|
(20)
|
(0)
|
30
|
(130)
|
(13)
|
(89)
|
(153)
|
(177)
|
(176)
|
(168)
|
(163)
|
(165)
|
(163)
|
(165)
|
(196)
|
(174)
|
(215)
|
(231)
|
(216)
|
(207)
|
(245)
|
(256)
|
(273)
|
(240)
|
(283)
|
(297)
|
(306)
|
(267)
|
(324)
|
(338)
|
(356)
|
(325)
|
(394)
|
(403)
|
(420)
|
(460)
|
(498)
|
(534)
|
(587)
|
(457)
|
(477)
|
(645)
|
(664)
|
(591)
|
(548)
|
(589)
|
(590)
|
(607)
|
(614)
|
(590)
|
(582)
|
(583)
|
(587)
|
(593)
|
(596)
|
(605)
|
(606)
|
(609)
|
(610)
|
|
| Gross Profit |
214
N/A
|
152
-29%
|
215
+41%
|
314
+46%
|
323
+3%
|
436
+35%
|
457
+5%
|
429
-6%
|
438
+2%
|
440
+1%
|
443
+1%
|
444
+0%
|
450
+1%
|
448
0%
|
450
+1%
|
434
-4%
|
463
+7%
|
438
-6%
|
431
-1%
|
452
+5%
|
495
+9%
|
497
+0%
|
525
+6%
|
546
+4%
|
597
+9%
|
564
-6%
|
573
+2%
|
591
+3%
|
642
+9%
|
626
-2%
|
662
+6%
|
696
+5%
|
788
+13%
|
762
-3%
|
782
+3%
|
796
+2%
|
858
+8%
|
922
+8%
|
988
+7%
|
1 068
+8%
|
837
-22%
|
871
+4%
|
1 174
+35%
|
1 218
+4%
|
1 344
+10%
|
1 362
+1%
|
1 351
-1%
|
1 346
0%
|
1 353
+1%
|
1 323
-2%
|
1 254
-5%
|
1 214
-3%
|
1 223
+1%
|
1 182
-3%
|
1 172
-1%
|
1 209
+3%
|
1 181
-2%
|
1 143
-3%
|
1 137
-1%
|
1 119
-2%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(11)
|
51
|
(15)
|
(65)
|
(27)
|
57
|
(55)
|
(24)
|
(51)
|
(36)
|
(38)
|
(35)
|
(43)
|
(50)
|
(38)
|
(14)
|
(40)
|
12
|
8
|
(10)
|
(34)
|
(40)
|
(46)
|
(51)
|
(130)
|
(28)
|
(77)
|
(74)
|
(55)
|
(42)
|
9
|
6
|
(73)
|
(12)
|
(13)
|
(24)
|
(107)
|
(112)
|
(124)
|
(15)
|
(26)
|
(21)
|
(32)
|
(42)
|
(17)
|
(18)
|
(18)
|
(21)
|
(24)
|
(21)
|
(14)
|
(14)
|
(14)
|
(9)
|
(6)
|
(7)
|
(8)
|
(8)
|
(7)
|
(7)
|
|
| Selling, General & Administrative |
(14)
|
(1)
|
(4)
|
(7)
|
(27)
|
(14)
|
(21)
|
(28)
|
(51)
|
(36)
|
(38)
|
(35)
|
(43)
|
(50)
|
(38)
|
(27)
|
(40)
|
(1)
|
(6)
|
(12)
|
(34)
|
(40)
|
(46)
|
(51)
|
(75)
|
(29)
|
(79)
|
(77)
|
(58)
|
(45)
|
6
|
3
|
(68)
|
(15)
|
(15)
|
(26)
|
(107)
|
(115)
|
(127)
|
(15)
|
(53)
|
(47)
|
(58)
|
(42)
|
(17)
|
(18)
|
(18)
|
(21)
|
(24)
|
(21)
|
(14)
|
(14)
|
(14)
|
(9)
|
(6)
|
(7)
|
(8)
|
(8)
|
(7)
|
(7)
|
|
| Depreciation & Amortization |
3
|
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
|
0
|
|
| Other Operating Expenses |
0
|
52
|
(11)
|
(60)
|
0
|
71
|
(34)
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
13
|
0
|
14
|
14
|
2
|
0
|
1
|
0
|
1
|
(55)
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
(5)
|
2
|
2
|
3
|
0
|
3
|
4
|
0
|
27
|
26
|
26
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
203
N/A
|
203
+0%
|
200
-2%
|
248
+24%
|
296
+19%
|
493
+66%
|
402
-18%
|
404
+1%
|
386
-4%
|
404
+5%
|
406
+0%
|
409
+1%
|
407
-1%
|
398
-2%
|
412
+3%
|
420
+2%
|
423
+1%
|
450
+6%
|
439
-2%
|
442
+1%
|
461
+4%
|
457
-1%
|
479
+5%
|
496
+3%
|
467
-6%
|
536
+15%
|
496
-7%
|
516
+4%
|
587
+14%
|
585
0%
|
671
+15%
|
702
+5%
|
715
+2%
|
749
+5%
|
769
+3%
|
773
+0%
|
751
-3%
|
810
+8%
|
864
+7%
|
1 054
+22%
|
811
-23%
|
850
+5%
|
1 142
+34%
|
1 176
+3%
|
1 327
+13%
|
1 344
+1%
|
1 333
-1%
|
1 326
-1%
|
1 330
+0%
|
1 303
-2%
|
1 239
-5%
|
1 200
-3%
|
1 209
+1%
|
1 173
-3%
|
1 166
-1%
|
1 202
+3%
|
1 173
-2%
|
1 135
-3%
|
1 130
0%
|
1 112
-2%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(19)
|
(21)
|
(22)
|
(39)
|
(58)
|
720
|
701
|
695
|
(95)
|
599
|
597
|
597
|
(104)
|
340
|
348
|
354
|
(93)
|
(1 221)
|
(941)
|
(938)
|
(87)
|
707
|
1 281
|
1 255
|
(131)
|
1 616
|
3 128
|
3 151
|
(166)
|
2 861
|
1 419
|
1 403
|
(141)
|
1 675
|
2 773
|
2 775
|
3 033
|
2 989
|
2 418
|
3 050
|
3 092
|
2 812
|
2 692
|
1 508
|
2 097
|
5 090
|
4 907
|
1 495
|
386
|
(2 884)
|
(4 205)
|
(1 697)
|
333
|
545
|
(388)
|
(542)
|
(1 176)
|
(1 467)
|
(1 511)
|
(2 133)
|
|
| Non-Reccuring Items |
0
|
0
|
141
|
141
|
941
|
0
|
0
|
0
|
707
|
0
|
0
|
0
|
461
|
0
|
0
|
0
|
(1 131)
|
0
|
0
|
0
|
806
|
0
|
0
|
0
|
1 761
|
0
|
0
|
0
|
3 034
|
0
|
0
|
0
|
1 776
|
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
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
0
|
(1)
|
(0)
|
(1)
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
(2)
|
0
|
0
|
(2)
|
(52)
|
(51)
|
(51)
|
(2)
|
(3)
|
(10)
|
(28)
|
(22)
|
(20)
|
(19)
|
(21)
|
(22)
|
(21)
|
(20)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
|
| Pre-Tax Income |
184
N/A
|
183
-1%
|
319
+75%
|
351
+10%
|
1 179
+236%
|
1 213
+3%
|
1 103
-9%
|
1 099
0%
|
998
-9%
|
1 002
+0%
|
1 003
+0%
|
1 006
+0%
|
764
-24%
|
738
-3%
|
760
+3%
|
773
+2%
|
(801)
N/A
|
(771)
+4%
|
(502)
+35%
|
(496)
+1%
|
1 179
N/A
|
1 163
-1%
|
1 761
+51%
|
1 751
-1%
|
2 097
+20%
|
2 152
+3%
|
3 624
+68%
|
3 667
+1%
|
3 456
-6%
|
3 446
0%
|
2 090
-39%
|
2 105
+1%
|
2 351
+12%
|
2 424
+3%
|
3 542
+46%
|
3 548
+0%
|
3 782
+7%
|
3 799
+0%
|
3 283
-14%
|
4 102
+25%
|
3 852
-6%
|
3 611
-6%
|
3 783
+5%
|
2 683
-29%
|
3 420
+27%
|
6 424
+88%
|
6 212
-3%
|
2 799
-55%
|
1 696
-39%
|
(1 600)
N/A
|
(2 987)
-87%
|
(519)
+83%
|
1 521
N/A
|
1 698
+12%
|
777
-54%
|
660
-15%
|
(4)
N/A
|
(333)
-7 915%
|
(382)
-15%
|
(1 023)
-167%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(34)
|
(34)
|
(34)
|
(40)
|
(46)
|
(53)
|
(59)
|
(59)
|
(59)
|
(59)
|
(59)
|
(59)
|
(60)
|
(59)
|
(52)
|
(53)
|
(54)
|
(55)
|
(63)
|
(63)
|
(66)
|
(71)
|
(75)
|
(77)
|
(78)
|
(79)
|
(80)
|
(87)
|
(92)
|
(97)
|
(106)
|
(108)
|
(112)
|
(117)
|
(121)
|
(124)
|
(133)
|
(144)
|
(155)
|
(171)
|
(135)
|
(141)
|
(190)
|
(196)
|
(219)
|
(222)
|
(221)
|
(221)
|
(219)
|
(212)
|
(206)
|
(202)
|
(204)
|
(196)
|
(275)
|
(267)
|
(151)
|
(137)
|
(137)
|
(113)
|
|
| Income from Continuing Operations |
150
|
149
|
285
|
310
|
1 132
|
1 160
|
1 044
|
1 040
|
939
|
943
|
944
|
947
|
704
|
679
|
708
|
720
|
(855)
|
(826)
|
(565)
|
(560)
|
1 113
|
1 093
|
1 686
|
1 674
|
2 019
|
2 073
|
3 544
|
3 581
|
3 363
|
3 348
|
1 984
|
1 997
|
2 238
|
2 307
|
3 421
|
3 424
|
3 649
|
3 656
|
3 128
|
3 931
|
3 717
|
3 470
|
3 593
|
2 486
|
3 201
|
6 202
|
5 991
|
2 578
|
1 477
|
(1 812)
|
(3 193)
|
(721)
|
1 318
|
1 502
|
503
|
393
|
(155)
|
(470)
|
(519)
|
(1 136)
|
|
| Net Income (Common) |
150
N/A
|
149
-1%
|
285
+92%
|
310
+9%
|
1 132
+265%
|
1 160
+2%
|
1 044
-10%
|
1 040
0%
|
939
-10%
|
943
+0%
|
944
+0%
|
947
+0%
|
704
-26%
|
679
-3%
|
708
+4%
|
720
+2%
|
(855)
N/A
|
(826)
+3%
|
(565)
+32%
|
(560)
+1%
|
1 113
N/A
|
1 093
-2%
|
1 686
+54%
|
1 674
-1%
|
2 019
+21%
|
2 073
+3%
|
3 544
+71%
|
3 581
+1%
|
3 363
-6%
|
3 348
0%
|
1 984
-41%
|
1 997
+1%
|
2 238
+12%
|
2 307
+3%
|
3 421
+48%
|
3 424
+0%
|
3 649
+7%
|
3 656
+0%
|
3 128
-14%
|
3 931
+26%
|
3 717
-5%
|
3 470
-7%
|
3 593
+4%
|
2 486
-31%
|
3 201
+29%
|
6 202
+94%
|
5 991
-3%
|
2 578
-57%
|
1 477
-43%
|
(1 812)
N/A
|
(3 193)
-76%
|
(721)
+77%
|
1 318
N/A
|
1 502
+14%
|
503
-67%
|
393
-22%
|
(155)
N/A
|
(470)
-204%
|
(519)
-10%
|
(1 136)
-119%
|
|
| EPS (Diluted) |
0.26
N/A
|
0.24
-8%
|
0.2
-17%
|
0.33
+65%
|
1.43
+333%
|
1.15
-20%
|
1.06
-8%
|
1.05
-1%
|
0.94
-10%
|
0.94
N/A
|
0.94
N/A
|
0.95
+1%
|
0.7
-26%
|
0.69
-1%
|
0.69
N/A
|
0.73
+6%
|
-0.85
N/A
|
-0.82
+4%
|
-0.56
+32%
|
-0.56
N/A
|
1.11
N/A
|
0.65
-41%
|
1.01
+55%
|
1
-1%
|
1.21
+21%
|
1.25
+3%
|
2.12
+70%
|
2.14
+1%
|
2
-7%
|
1.97
-2%
|
1.18
-40%
|
1.19
+1%
|
1.32
+11%
|
1.37
+4%
|
1.91
+39%
|
1.97
+3%
|
2.07
+5%
|
1.96
-5%
|
1.69
-14%
|
2.1
+24%
|
1.99
-5%
|
1.85
-7%
|
1.92
+4%
|
1.32
-31%
|
1.68
+27%
|
3.24
+93%
|
3.12
-4%
|
1.33
-57%
|
0.76
-43%
|
-0.93
N/A
|
-1.64
-76%
|
-0.37
+77%
|
0.67
N/A
|
0.76
+13%
|
0.25
-67%
|
0.2
-20%
|
-0.08
N/A
|
-0.23
-188%
|
-0.26
-13%
|
-0.56
-115%
|
|