PILLARSTONE CAPITAL REIT (PRLE) [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/A	10-K/A	10-K
Revenues [+]	9.3	9.7	14.3	17.2	16.8	0.2	0.0	0.0
Lease / rental				17.1	14.2
Net interest income								0.0
Other					2.6	0.2
Revenue growth	-4.1%	-32.1%	-17.0%	2.5%	10580.3%		-100.0%	-99.1%
Cost of goods sold [+]	12.7	12.6	15.9	18.7	14.4	0.6	0.0	0.1
Maintenance and operations costs	3.0	2.6	3.5	4.0	4.0	0.4
Real estate taxes and insurance	1.6	1.8	2.3	2.7	2.7	0.2
Gross profit	-3.4	-2.9	-1.7	-1.5	2.4	-0.4	0.0	-0.1
Gross margin	-36.9%	-30.2%	-11.9%	-9.0%	14.1%	-263.7%		-1436750.0%
Selling, general and administrative [+]	0.7	1.0	0.8	0.8	0.5	0.5	0.1
General and administrative	0.7	1.0	0.8	0.8	0.5	0.5	0.1	0.1
Other selling, general and administrative								-0.1
Other operating expenses	-7.4	-7.4	-26.3	-18.8	-6.5	-2.0
EBITDA [+]	3.3	3.5	23.9	16.4	8.4	1.1
EBITDA growth	-5.0%	-85.4%	45.4%	96.8%	687.9%	-1730.8%	13.1%	1.8%
EBITDA margin	35.8%	36.1%	167.6%	95.7%	49.8%	675.2%		-1436750.0%
Depreciation and amortization	2.1	2.1	2.9	3.6	3.3	0.2
EBIT [+]	1.3	1.4	21.0	12.9	5.1	0.9	-0.1	-0.1
EBIT growth	-12.2%	-93.1%	63.1%	153.1%	466.8%	-1480.0%	13.1%	1.8%
EBIT margin	13.6%	14.9%	147.3%	74.9%	30.3%	571.3%		-1436750.0%
Interest expense	0.8	0.8	2.4	2.8	2.7	0.2	0.0
Interest expense	0.8	0.8	2.4	2.8	2.7	0.2	0.0
Other income (expense), net [+]	0.0					-1.0
Gain (loss) on sale of assets	0.0	0.1	0.0	0.1	0.0
Other	0.0
Pre-tax income	0.5	0.6	18.6	10.0	2.4	-0.3	-0.1	-0.1
Income taxes	0.0	0.0	0.3	0.2	-0.1	0.0	0.0	0.0
Tax rate	0.4%		1.5%	2.3%		0.0%	0.0%	0.0%
Minority interest	0.7	1.0	15.2	8.5	2.2	0.2
Net income	0.0	0.0	0.0	1.3	0.2	-0.5	-0.1	-0.1
Net margin	0.0%	0.0%	0.0%	7.7%	1.3%	-296.2%		-1436750.0%

Basic EPS [+]	$0.00	$0.00	$0.00	$3.25	$0.53	($1.15)	($0.17)	($0.14)
Growth	-59.5%	-109.4%	-100.0%	512.1%	-146.2%	593.9%	16.6%	18.2%
Diluted EPS [+]	$0.00	$0.00	$0.00	$0.43	$0.07	($1.15)	($0.17)	($0.14)
Growth	-59.5%	-170.3%	-100.0%	479.6%	-106.5%	593.9%	16.6%	18.2%

Shares outstanding (basic) [+]	0.6	0.5	0.4	0.4	0.4	0.4	0.4	0.4
Growth	31.0%	13.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Shares outstanding (diluted) [+]	0.6	0.5	3.0	3.1	2.9	0.4	0.4	0.4
Growth	31.0%	-84.8%	-1.3%	5.6%	616.5%	0.0%	0.0%	0.0%

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