In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Rental revenue | | | | | | | 17.3 | 11.9 |
Tenant recovery revenue | | | | | | | 0.0 | 0.0 |
Total revenues [+] | 89.2 | 75.3 | 57.0 | 40.7 | 36.7 | 25.1 | 17.3 | 11.9 |
Tenant reimbursements | | | | | | | 0.0 | 0.0 |
Lease / rental | | | | | 29.4 | 24.8 | 17.3 | 11.9 |
Other income | | | | | 7.3 | | | |
Revenue growth [+] | 18.5% | 32.1% | 40.2% | 10.9% | 46.0% | 45.1% | 45.5% | 65.6% |
Rental revenue | | | | | | | 45.6% | 65.8% |
Tenant recovery revenue | | | | | | | -15.4% | -11.0% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 25.6 | 13.8 | 0.0 | -0.3 |
Gross profit | 89.2 | 75.3 | 57.0 | 40.7 | 11.1 | 11.3 | 17.3 | 12.2 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 30.3% | 45.1% | 100.0% | 102.7% |
Selling, general and administrative [+] | 2.7 | 2.1 | 2.1 | 2.0 | 1.8 | 1.6 | 1.4 | 1.2 |
General and administrative [+] | 2.7 | 2.1 | 2.1 | 2.0 | 1.8 | 1.6 | 1.4 | 1.2 |
General and administrative expenses | 2.7 | 2.1 | 2.1 | 2.0 | 1.8 | 1.6 | 1.4 | 1.2 |
Other selling, general and administrative | | | | | | | | |
Equity in earnings | -0.1 | -0.1 | 0.0 | | | | | |
Other operating expenses | 24.0 | 19.8 | 14.6 | 8.8 | -28.5 | -18.6 | 3.5 | 2.8 |
EBITDA [+] | 62.4 | 53.3 | 40.4 | 29.9 | 37.9 | 28.4 | 12.5 | 8.1 |
EBITDA growth | 17.1% | 32.0% | 34.8% | -20.9% | 33.5% | 127.0% | 53.3% | 99.3% |
EBITDA margin | 69.9% | 70.8% | 70.8% | 73.6% | 103.2% | 112.9% | 72.1% | 68.5% |
Depreciation | 34.4 | 25.9 | 15.0 | 11.2 | 8.3 | 7.2 | 4.4 | 2.3 |
EBITA | 28.0 | 27.4 | 25.4 | 18.8 | 29.6 | 21.1 | 8.0 | 5.9 |
EBITA margin | 31.4% | 36.4% | 44.5% | 46.1% | 80.6% | 84.1% | 46.4% | 49.4% |
Amortization of intangibles | 1.0 | 1.3 | 1.7 | 1.6 | 1.1 | | 0.7 | 0.8 |
EBIT [+] | 27.0 | 26.1 | 23.7 | 17.2 | 28.5 | 21.1 | 7.3 | 5.0 |
EBIT growth | 3.5% | 10.1% | 38.2% | -39.8% | 34.9% | 189.2% | 45.0% | 114.0% |
EBIT margin | 30.3% | 34.7% | 41.6% | 42.2% | 77.6% | 84.1% | 42.2% | 42.3% |
Non-recurring items | | | | | | | 0.2 | 0.5 |
Interest expense | 25.7 | 24.9 | 20.6 | 16.3 | 14.0 | 11.6 | 6.7 | 4.2 |
Interest expense | 25.7 | 24.9 | 20.6 | 16.3 | 14.0 | 11.6 | 6.7 | 4.2 |
Other income (expense), net [+] | 3.4 | 2.3 | 1.9 | 0.9 | -11.8 | -9.6 | 0.1 | 0.2 |
Other non-operating income | 3.4 | 2.3 | 1.9 | 0.9 | 0.4 | 0.2 | 0.1 | 0.0 |
Other | 3.4 | 2.3 | 1.9 | 0.9 | 0.4 | 0.2 | 0.1 | 0.0 |
Pre-tax income | 4.7 | 3.5 | 5.0 | 1.8 | 2.8 | 0.0 | 0.5 | 0.6 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.2% | 0.5% | 0.6% | 1.2% | 5.0% | 8.8% | 5.3% | 0.0% |
Minority interest | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | |
Net income | -15.0 | -8.8 | -4.4 | -2.5 | 2.3 | 0.0 | 0.4 | 0.6 |
Net margin | -16.8% | -11.6% | -7.7% | -6.1% | 6.1% | -0.1% | 2.6% | 4.8% |
|
Basic EPS [+] | ($0.43) | ($0.29) | ($0.20) | ($0.13) | $0.15 | $0.00 | $0.04 | $0.07 |
Growth | 50.4% | 46.2% | 54.9% | -187.8% | -5744.1% | -105.7% | -32.0% | -460.7% |
Diluted EPS [+] | ($0.43) | ($0.29) | ($0.20) | ($0.13) | $0.15 | $0.00 | $0.04 | $0.07 |
Growth | 50.4% | 46.2% | 54.9% | -187.8% | -5744.1% | -105.7% | -32.0% | -460.7% |
|
Dividends per share [+] | $0.55 | $0.54 | $0.54 | $0.53 | $0.53 | $0.52 | $0.50 | $0.47 |
Growth | 0.6% | 0.5% | 1.3% | 0.0% | 1.9% | 5.8% | 6.5% | 29.6% |
|
Shares outstanding (basic) [+] | 34.6 | 30.4 | 22.3 | 19.6 | 15.5 | 12.1 | 10.0 | 8.6 |
Growth | 13.9% | 36.4% | 13.5% | 26.4% | 28.6% | 20.5% | 15.8% | 26.1% |
Shares outstanding (diluted) [+] | 34.6 | 30.4 | 22.3 | 19.6 | 15.5 | 12.1 | 10.0 | 8.6 |
Growth | 13.9% | 36.4% | 13.5% | 26.4% | 28.6% | 20.5% | 15.8% | 26.1% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |