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
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31,47630,884658,71918,15521,68318,101
Cash and cash equivalent31,47630,884658,71918,15521,68318,101
Total current assets:31,47630,884658,71918,15521,68318,101
Noncurrent Assets
Property, plant and equipment1,056,9431,041,7671,041,7671,041,7391,035,5791,038,963
Intangible assets, net (including goodwill)445,616461,577477,577493,780496,792486,932
Intangible assets, net (excluding goodwill)445,616461,577477,577493,780496,792486,932
Total noncurrent assets:1,502,5591,503,3441,519,3441,535,5191,532,3711,525,895
Other undisclosed assets3,149,8153,134,7813,124,9673,123,7213,119,5363,070,069
TOTAL ASSETS:4,683,8504,669,0095,303,0304,677,3954,673,5904,614,065
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt64,37266,57768,78370,98973,20075,411
Off-market lease, unfavorable64,37266,57768,78370,98973,20075,411
Total noncurrent liabilities:64,37266,57768,78370,98973,20075,411
Other undisclosed liabilities2,223,8472,173,9883,242,4282,584,1072,569,1362,487,451
Total liabilities:2,288,2192,240,5653,311,2112,655,0962,642,3362,562,862
Equity
Equity, attributable to parent, including:2,077,1592,110,5951,991,8192,022,2992,031,2542,051,203
Common stock895895895895894894
Additional paid in capital2,312,3392,311,9232,180,8962,180,8452,180,0542,179,669
Accumulated other comprehensive income6871,44052,66539,63335,20636,593
Retained earnings605,366592,826508,213506,138474,696448,035
Other undisclosed equity, attributable to parent(842,128)(796,489)(750,850)(705,212)(659,596)(613,988)
Equity, attributable to noncontrolling interest318,472317,849    
Total equity:2,395,6312,428,4441,991,8192,022,2992,031,2542,051,203
TOTAL LIABILITIES AND EQUITY:4,683,8504,669,0095,303,0304,677,3954,673,5904,614,065

Income Statement (P&L) ($ in thousands)

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
Revenues
(Revenue, Net)
116,007120,629117,925118,014115,870116,294
Cost of revenue(23,068)(11,388)6,417(11,489)(10,836)(23,360)
Gross profit:92,939109,241124,342106,525105,03492,934
Operating expenses(66,708)(64,569)(98,045)(50,951)(56,250)(65,542)
Operating income:26,23144,67226,29755,57448,78427,392
Nonoperating income
(Investment Income, Nonoperating)
506907    
Interest and debt expense(22,667)(24,684)(24,592)(24,383)(22,808)(21,087)
Other undisclosed income from continuing operations before equity method investments, income taxes13,48816,900397397396397
Income from continuing operations before equity method investments, income taxes:17,55837,7952,10231,58826,3726,702
Income from equity method investments7447531374128
Income from continuing operations before income taxes:17,56537,8392,17731,61926,7466,830
Income tax expense(101)(160)(102)(177)(85)(102)
Income from continuing operations:17,46437,6792,07531,44226,6616,728
Income before gain (loss) on sale of properties:17,46437,6792,07531,44226,6616,728
Other undisclosed net income      
Net income:17,46437,6792,07531,44226,6616,728
Net loss attributable to noncontrolling interest(5,765)(4,479)    
Net income available to common stockholders, diluted:11,69933,2002,07531,44226,6616,728

Comprehensive Income ($ in thousands)

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
Net income:17,46437,6792,07531,44226,6616,728
Other comprehensive income (loss)8818813,0324,427(1,387)16,121
Comprehensive income:17,55237,86715,10735,86925,27422,849
Comprehensive loss, net of tax, attributable to noncontrolling interest(5,765)(4,479)    
Comprehensive income, net of tax, attributable to parent:11,78733,38815,10735,86925,27422,849

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.

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