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Income Statement
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BROOKFIELD REAL ESTATE INCOME TRUST INC.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-K10-K
Revenues:  
    Logistics  6.60.4   
    Single-family rental  4.8    
    Other  106.937.0   
Total revenues   [+]118.337.425.37.50.0
            Revenue growth   [+]216.4%47.8%235.4%  
Cost of goods sold  41.315.510.23.10.4
Gross profit  77.021.915.14.5-0.4
            Gross margin  65.1%58.6%59.6%59.3% 
Selling, general and administrative   [+]9.67.13.57.8 
Other operating expenses  21.8-15.2-4.13.10.0
EBITDA   [+]45.630.015.7-1.5 
            EBITDA margin  38.6%80.3%62.0%-19.3% 
Depreciation and amortization  55.718.413.55.0 
EBIT   [+]-10.111.72.2-6.5-0.4
            EBIT margin  -8.5%31.2%8.7%-85.7% 
Interest expense  39.76.84.9  
Other income (expense), net  10.6  5.80.0
Pre-tax income  -39.24.9-2.7-4.7-0.4
Income taxes  -4.82.4-0.30.00.0
            Tax rate  12.2%48.9%11.2%0.0%0.0%
Net income  -39.24.9-2.7-4.7-0.4
            Net margin  -33.2%13.1%-10.9%-62.6% 
   
Basic EPS   [+]($0.63)$0.21($0.15)($4.49)($18.39)
Diluted EPS   [+]($0.63)$0.21($0.15)($4.49)($18.39)
   
Dividends per share   [+]$0.25$0.22$0.23  
   
Shares outstanding (basic)   [+]62.623.018.91.10.0
Shares outstanding (diluted)   [+]62.623.018.91.10.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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