Real Estate
REIT - Retail
$64.40B
3K
Key insights and themes extracted from this filing
Lease income increased to $1,339.8 million from $1,298.7 million year-over-year, while total revenue increased to $1,480.7 million from $1,410.9 million, indicating a slight improvement in the core business and other revenue streams.
Total operating expenses were $712.9 million in 2024 compared to $716.7 million in the prior year, showing a consistent cost structure despite revenue growth.
Consolidated net income decreased to $546.7 million from $680.8 million year-over-year, indicating a decline in profitability despite revenue growth, likely due to other factors such as interest expenses.