CORPORATE PROPERTY ASSOCIATES 18 GLOBAL INC [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Net Lease	122.0	104.6	122.0	130.1	118.5	109.3	91.2	48.3
Self Storage	71.6	61.4	60.8	57.9	55.1	48.8	25.6	3.9
Other Operating Properties	10.6	9.6	10.6	21.4	24.9
All Other		1.4	4.1	7.2	7.2
Other						26.2		2.1
Total revenues [+]	204.2	177.1	197.4	216.7	205.6	184.3	82.2	54.3
Direct financing lease income						4.6	3.7
Lease / rental						93.2	78.5	41.4
Other real estate							9.0
Other income						11.6	42.0
Revenue growth [+]	15.3%	-10.3%	-8.9%	5.4%	11.6%	124.3%	51.3%	1550.0%
Net Lease	16.7%	-14.3%	-6.2%	9.8%	8.4%	19.9%	88.7%	1367.4%
Self Storage	16.6%	1.1%	4.9%	5.2%	12.9%	90.8%	553.5%
Other Operating Properties	10.0%	-9.0%	-50.8%	-14.0%
All Other		-65.0%	-43.7%	1.0%
All Others						26.7%	123.3%
Cost of goods sold [+]	50.3	46.5	46.1	59.2	69.1	57.6	44.2	9.2
Occupancy costs	20.2	18.7	18.7	26.2	35.6	25.8	19.7	7.4
Other cost of sales	30.1	27.8	27.4	32.9	33.5	31.8	18.3	1.8
Gross profit	153.9	130.5	151.4	157.5	136.5	126.7	38.0	45.1
Gross margin	75.4%	73.7%	76.7%	72.7%	66.4%	68.7%	46.2%	83.0%
Selling, general and administrative [+]	8.3	7.6	7.7	7.4	7.3	6.9	5.8	4.7
General and administrative	8.3	7.6	7.7	7.4	7.3	6.9	5.8	4.7
Equity in earnings		12.3	-2.2	-1.1	-0.9	-0.2	-0.1
Other operating expenses	-27.8	11.5	-3.8	-54.6	-3.9	3.7	-57.1	92.0
EBITDA [+]	177.4	126.5	148.9	206.8	134.6	118.0	91.6	-50.2
EBITDA growth	40.2%	-15.0%	-28.0%	53.7%	14.1%	28.8%	-282.4%	-2192.5%
EBITDA margin	86.8%	71.5%	75.4%	95.4%	65.4%	64.0%	111.5%	-92.5%
Depreciation and amortization	72.1	66.6	69.1	69.6	77.5	84.8	67.5	23.4
EBIT [+]	105.2	59.9	79.8	137.2	57.0	33.2	24.1	-73.6
EBIT growth	75.5%	-24.9%	-41.9%	140.6%	71.7%	37.9%	-132.7%	-6951.8%
EBIT margin	51.5%	33.9%	40.4%	63.3%	27.7%	18.0%	29.3%	-135.5%
Non-recurring items	23.5					6.8	42.2
Interest expense, net [+]	49.5	38.8	40.3	43.1	38.7	39.5	32.3	14.5
Interest expense	51.0	43.3	48.0	53.2	49.0	43.1	35.2	15.8
Interest income	1.4	4.6	7.8	10.1	10.3	3.6	2.8	1.3
Other income (expense), net [+]	-2.7	1.9	4.7	21.3	20.0	-6.7	-5.6	30.4
Acquisition-related costs								59.2
Other	-2.7	1.9	4.7	21.3	20.0	-6.7	-5.6	-1.2
Pre-tax income	29.5	23.1	44.2	115.3	38.3	-19.8	-56.1	-57.7
Income taxes	1.9	0.8	0.2	-2.0	-1.5	0.0	-0.1	-1.2
Tax rate	6.3%	3.3%	0.5%				0.2%	2.0%
Minority interest	-0.2	10.0	11.4	20.6	13.3	10.3	8.4	0.7
Net income	27.8	12.3	32.6	96.7	26.5	-30.1	-113.7	-57.2
Net margin	13.6%	7.0%	16.5%	44.6%	12.9%	-16.3%	-138.4%	-105.4%

Basic EPS [+]	$0.18	$0.08	$0.22	$0.67	$0.19	($0.22)	($0.88)	($0.65)
Growth	124.0%	-62.7%	-67.1%	254.7%	-184.9%	-74.8%	34.5%	-651.2%
Diluted EPS [+]	$0.18	$0.08	$0.22	$0.67	$0.19	($0.22)	($0.88)	($0.65)
Growth	124.0%	-62.7%	-67.1%	254.7%	-184.9%	-74.8%	34.5%	-651.2%

Dividends per share [+]	$0.45	$0.42	$0.60	$0.60	$0.60	$0.60	$0.59	$0.43
Growth	7.3%	-30.7%	0.1%	0.1%	0.4%	2.6%	36.6%	1128.9%

Shares outstanding (basic) [+]	152.0	151.0	148.6	145.0	141.1	135.8	129.5	87.6
Growth	0.7%	1.6%	2.5%	2.8%	3.9%	4.9%	47.7%	2563.1%
Shares outstanding (diluted) [+]	152.0	151.0	148.6	145.0	141.1	135.8	129.5	87.6
Growth	0.7%	1.6%	2.5%	2.8%	3.9%	4.9%	47.7%	2563.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.