Cottonwood Communities, Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17
	10-K	10-K	10-K	10-K	10-K	10-K
Revenues	138.3	83.2	11.3	2.8	0.0	0.0
Revenue growth	66.3%	634.5%	298.5%
Cost of goods sold	0.0	0.0	0.0	6.1	0.0	0.0
Gross profit	138.3	83.2	11.3	-3.3	0.0	0.0
Gross margin	100.0%	100.0%	100.0%	-116.0%
Selling, general and administrative [+]	11.9	10.2	3.4	0.9	0.1
General and administrative	11.9	10.2	3.4	0.9	0.1	0.0
Equity in earnings	12.4	-0.5	2.1	0.3
Other operating expenses	100.8	98.9	8.4	-3.8
EBITDA [+]	38.0	-26.4	1.7	-0.1
EBITDA growth	-243.8%	-1669.0%	-1358.2%	33.6%
EBITDA margin	27.5%	-31.8%	14.9%	-4.7%
Depreciation and amortization	54.6	63.4	7.0	2.7
EBIT [+]	-16.6	-89.8	-5.3	-2.9	-0.1	0.0
EBIT growth	-81.6%	1601.1%	83.9%	2766.1%
EBIT margin	-12.0%	-108.0%	-46.6%	-101.1%
Interest expense, net [+]	52.2	26.7	3.5
Interest expense	52.3	27.0	3.7
Interest income	0.1	0.2	0.2
Other income (expense), net [+]	42.7	10.9	0.2	-0.4
Gain (loss) on sale of assets		10.9
Gain (loss) on sale of business	8.1
Other non-operating income				0.5
Other non-ooperating expenses				-0.9
Other	3.9	0.0	0.2	-0.4
Pre-tax income	-26.1	-105.7	-8.6	-3.3	-0.1	0.0
Income taxes	8.0	1.2	0.0	0.0	0.0	0.0
Tax rate			0.0%	0.0%	0.0%
Net income	-15.6	-43.9	-8.6	-3.3	-0.1	0.0
Net margin	-11.3%	-52.8%	-75.5%	-116.0%

Basic EPS [+]	($0.53)	($2.49)	($0.79)	($0.70)	($3.13)	$0.00
Growth	-78.6%	214.5%	13.4%	-77.6%
Diluted EPS [+]	($0.53)	($2.49)	($0.79)	($0.70)	($3.13)	$0.00
Growth	-78.6%	214.5%	13.4%	-77.6%

Dividends per share [+]				$0.50
Growth			-100.0%

Shares outstanding (basic) [+]	29.3	17.6	10.8	4.7	0.0	0.0
Growth	66.3%	63.3%	128.8%	14598.6%	60.3%
Shares outstanding (diluted) [+]	29.3	17.6	10.8	4.7	0.0	0.0
Growth	66.3%	63.3%	128.8%	14598.6%	60.3%

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