Select Income REIT (SIR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
C/O THE RMR GROUP NEWTON, MA 02458 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 658,719 | 22,127 | 17,876 | 13,504 | 20,025 | 20,373 | |||
| Cash and cash equivalent | 658,719 | 22,127 | 17,876 | 13,504 | 20,025 | 20,373 | |||
| Total current assets: | 658,719 | 22,127 | 17,876 | 13,504 | 20,025 | 20,373 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,041,767 | 1,038,686 | 1,036,425 | 756,160 | 732,509 | 675,092 | |||
| Intangible assets, net (including goodwill) | 477,577 | 506,298 | 566,195 | 120,700 | 129,426 | 95,248 | |||
| Intangible assets, net (excluding goodwill) | 477,577 | 506,298 | 566,195 | 120,700 | 129,426 | 95,248 | |||
| Total noncurrent assets: | 1,519,344 | 1,544,984 | 1,602,620 | 876,860 | 861,935 | 770,340 | |||
| Other undisclosed assets | 3,124,967 | 3,072,571 | 3,075,621 | 1,102,867 | 919,899 | 639,939 | |||
| TOTAL ASSETS: | 5,303,030 | 4,639,682 | 4,696,117 | 1,993,231 | 1,801,859 | 1,430,652 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 68,783 | 77,622 | 86,495 | 26,475 | 26,966 | 20,434 | |||
| Off-market lease, unfavorable | 68,783 | 77,622 | 86,495 | 26,475 | 26,966 | 20,434 | |||
| Total noncurrent liabilities: | 68,783 | 77,622 | 86,495 | 26,475 | 26,966 | 20,434 | |||
| Other undisclosed liabilities | 3,242,428 | 2,488,098 | 2,512,662 | 486,309 | 576,202 | 510,035 | |||
| Total liabilities: | 3,311,211 | 2,565,720 | 2,599,157 | 512,784 | 603,168 | 530,469 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,991,819 | 2,073,962 | 2,096,960 | 1,480,447 | 1,198,691 | 900,183 | |||
| Common stock | 895 | 894 | 894 | 600 | 498 | 393 | |||
| Additional paid in capital | 2,180,896 | 2,179,669 | 2,178,477 | 1,441,036 | 1,160,894 | 876,920 | |||
| Accumulated other comprehensive income (loss) | 52,665 | 20,472 | (19,587) | (23) | (25) | 25 | |||
| Retained earnings | 508,213 | 441,307 | 324,986 | 250,238 | 144,343 | 51,251 | |||
| Other undisclosed equity, attributable to parent | (750,850) | (568,380) | (387,810) | (211,404) | (107,019) | (28,406) | |||
| Total equity: | 1,991,819 | 2,073,962 | 2,096,960 | 1,480,447 | 1,198,691 | 900,183 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,303,030 | 4,639,682 | 4,696,117 | 1,993,231 | 1,801,859 | 1,430,652 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 468,103 | 462,007 | 428,365 | 412,423 | 347,334 | 228,349 | ||
| Cost of revenue | (43,544) | (42,383) | (37,923) | (21,358) | (19,919) | (17,863) | ||
| Gross profit: | 424,559 | 419,624 | 390,442 | 391,065 | 327,415 | 210,486 | ||
| Operating expenses | (266,512) | (221,607) | (212,242) | (82,724) | (61,979) | (31,466) | ||
| Other undisclosed operating loss | (189,743) | (159,011) | (105,559) | |||||
| Operating income: | 158,047 | 198,017 | 178,200 | 118,598 | 106,425 | 73,461 | ||
| Nonoperating income (Investment Income, Nonoperating) | 1,587 | 1,268 | 1,666 | |||||
| Interest and debt expense | (92,870) | (82,620) | (80,730) | (12,731) | (13,763) | (7,565) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (23,717) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 66,764 | 116,665 | 75,419 | 105,867 | 92,662 | 65,896 | ||
| Income from equity method investments | 608 | 137 | 20 | 87 | 334 | 269 | ||
| Income from continuing operations before income taxes: | 67,372 | 116,802 | 75,439 | 105,954 | 92,996 | 66,165 | ||
| Income tax expense (benefit) | (466) | (448) | (515) | (175) | 96 | (290) | ||
| Income from continuing operations: | 66,906 | 116,354 | 74,924 | 105,779 | 93,092 | 65,875 | ||
| Income before gain (loss) on sale of properties: | 66,906 | 116,354 | 74,924 | 105,779 | 93,092 | 65,875 | ||
| Net income: | 66,906 | 116,354 | 74,924 | 105,779 | 93,092 | 65,875 | ||
| Net income (loss) attributable to noncontrolling interest | (33) | 176 | ||||||
| Other undisclosed net income (loss) attributable to parent | (352) | 116 | ||||||
| Net income available to common stockholders, diluted: | 66,906 | 116,321 | 74,748 | 105,895 | 93,092 | 65,875 | ||
Comprehensive Income ($ in thousands)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 66,906 | 116,354 | 74,924 | 105,779 | 93,092 | 65,875 | ||
| Other comprehensive income (loss) | 32,193 | 40,059 | (19,564) | |||||
| Comprehensive income: | 99,099 | 156,413 | 55,360 | 105,779 | 93,092 | 65,875 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (33) | (176) | ||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 118 | (50) | 25 | |||||
| Comprehensive income, net of tax, attributable to parent: | 99,099 | 156,380 | 55,184 | 105,897 | 93,042 | 65,900 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.