Page: Company Financials
Bhiraj Office Leasehold Real Estate Investment Trust
$5.10
0.00 (0.00%)
As of: 2026-01-27
Master Data Export
Enterprise Value
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Stock Price | 4.86 | 4.84 | 6.39 | 8.14 | 9.13 | 12.32 | 15.84 | 12.70 |
| Market Capitalization | 3,586.06M | 3,573.15M | 4,713.16M | 6,004.43M | 6,733.08M | 7,620.02M | 8,231.88M | 6,600.74M |
| (-) Cash & Equivalents | 79.61M | 58.47M | 79.84M | 94.45M | 89.28M | 75.14M | 44.88M | 68.06M |
| (+) Total Debt | 2,207.97M | 2,217.70M | 2,292.56M | 2,416.32M | 2,415.11M | 2,061.62M | 1,698.73M | 1,693.06M |
| Enterprise Value | 5,714.42M | 5,732.37M | 6,925.89M | 8,326.30M | 9,058.91M | 9,606.51M | 9,885.73M | 8,225.74M |
Income Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 884M | 894M | 895M | 901M | 908M | 884M | 721M | 643M | 568M |
| Cost of Revenue | 281M | 332M | 283M | 284M | 268M | 224M | 191M | 183M | 162M |
| Gross Profit | 603M | 562M | 612M | 617M | 640M | 660M | 530M | 460M | 406M |
| Gross Profit Margin | 68.2% | 62.9% | 68.3% | 68.5% | 70.5% | 74.6% | 73.5% | 71.5% | 71.5% |
| R&D Expenses | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| SG&A Expenses | 7M | 15M | -5M | 15M | 15M | 15M | 14M | 11M | 0M |
| Operating Expenses | 7M | 152M | -5M | 1M | 17M | 26M | 20M | 22M | 23M |
| Operating Income (EBIT) | 596M | 410M | 617M | 617M | 623M | 634M | 511M | 439M | 383M |
| Operating Income Margin | 67.4% | 45.9% | 68.9% | 68.4% | 68.6% | 71.7% | 70.8% | 68.2% | 67.5% |
| Interest Income | 1M | 1M | 1M | 1M | 0M | 0M | 0M | 0M | 1M |
| Interest Expense | 81M | 125M | 91M | 100M | 73M | 71M | 69M | 72M | 67M |
| Net Interest Income | -80M | -123M | -90M | -99M | -72M | -71M | -68M | -72M | -67M |
| Unusual Items | -99M | 168M | -62M | -156M | -136M | -457M | 13M | 59M | -249M |
| EBT Excluding Unusual Items | 516M | 287M | 526M | 518M | 550M | 563M | 442M | 367M | 316M |
| Pre-Tax Income | 416M | 454M | 464M | 361M | 415M | 106M | 456M | 426M | 68M |
| Pre-Tax Margin | 47.1% | 50.8% | 51.9% | 40.1% | 45.7% | 12.0% | 63.2% | 66.3% | 11.9% |
| Income Tax Expense | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| Net Income | 416M | 454M | 464M | 361M | 415M | 106M | 456M | 426M | 68M |
| Net Income Margin | 47.1% | 50.8% | 51.9% | 40.1% | 45.7% | 12.0% | 63.2% | 66.3% | 11.9% |
| Depreciation & Amortization | 0M | -502M | 0M | 1M | 17M | 457M | 17M | 17M | 0M |
| EBITDA | 596M | -92M | 617M | 617M | 640M | 1,090M | 528M | 456M | 383M |
| EBITDA Margin | 67.4% | -10.3% | 68.9% | 68.5% | 70.5% | 123.3% | 73.2% | 70.9% | 67.5% |
| NOPAT | 596M | 410M | 617M | 617M | 623M | 634M | 511M | 439M | 383M |
| NOPAT Margin | 67.4% | 45.9% | 68.9% | 68.4% | 68.6% | 71.7% | 70.8% | 68.2% | 67.5% |
| Owner's Earnings | 416M | -47M | 464M | 362M | 432M | 562M | 473M | 444M | 68M |
| Owner's Earnings Margin | 47.1% | -5.3% | 51.9% | 40.1% | 47.6% | 63.6% | 65.5% | 68.9% | 11.9% |
| EPS (Basic) | 0.57 | 0.61 | 0.63 | 0.49 | 0.56 | 0.14 | 0.62 | 0.82 | 0.13 |
| EPS (Diluted) | 0.56 | 0.62 | 0.63 | 0.49 | 0.56 | 0.14 | 0.62 | 0.82 | 0.13 |
| Shares (Basic) | 738M | 738M | 738M | 738M | 738M | 738M | 738M | 521M | 521M |
| Shares (Diluted) | 738M | 738M | 738M | 738M | 738M | 738M | 738M | 521M | 521M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 90.01M | 57.13M | 64.75M | 63.04M | 80.33M | 84.35M | 52.93M | 53.22M | 30.02M |
| Short-Term Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Cash & Short-Term Investments | 90.01M | 57.13M | 64.75M | 63.04M | 80.33M | 84.35M | 52.93M | 53.22M | 30.02M |
| Net Receivables | 16.76M | 16.31M | 15.83M | 20.07M | 20.32M | 31.30M | 10.65M | 17.60M | 12.78M |
| Inventory | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Current Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Current Assets | 106.78M | 73.44M | 80.58M | 83.10M | 100.64M | 115.65M | 63.58M | 70.81M | 42.80M |
| Property, Plant & Equipment | 0.00M | 0.00M | 0.00M | 9,103.41M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Goodwill | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Intangible Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Long-Term Investments | 535.02M | 557.01M | 564.19M | 520.06M | 695.20M | 598.24M | 511.98M | 293.07M | 316.08M |
| Tax Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Non-Current Assets | 9,031.85M | 9,022.04M | 9,075.40M | 23.76M | 9,285.64M | 9,417.16M | 9,936.41M | 6,589.73M | 6,534.57M |
| Other Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Assets | 9,566.87M | 9,579.05M | 9,639.58M | 9,647.23M | 9,980.83M | 10,015.40M | 10,448.38M | 6,882.80M | 6,850.64M |
| Total Assets | 9,673.65M | 9,652.49M | 9,720.16M | 9,730.33M | 10,081.48M | 10,131.05M | 10,511.97M | 6,953.62M | 6,893.44M |
| Accounts Payable | 103.34M | 63.89M | 63.45M | 81.63M | 94.87M | 60.03M | 55.32M | 41.02M | 60.64M |
| Short-Term Debt | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Tax Payables | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Deferred Revenue | 253.82M | 247.43M | 248.60M | 247.68M | 248.91M | 256.84M | 256.06M | 171.98M | 163.85M |
| Other Current Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Current Liabilities | 357.16M | 311.32M | 312.05M | 329.31M | 343.78M | 316.87M | 311.37M | 213.00M | 224.49M |
| Long-Term Debt | 2,203.09M | 2,205.63M | 2,214.75M | 2,218.04M | 2,416.78M | 2,415.56M | 2,414.37M | 1,700.92M | 1,695.15M |
| Capital Lease Obligations | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Deferred Tax Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Non-Current Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 223.20M | 0.00M | -256.06M | -171.98M | 60.62M |
| Total Non-Current Liabilities | 2,203.09M | 2,205.63M | 2,214.75M | 2,218.04M | 2,639.98M | 2,415.56M | 2,158.32M | 1,528.94M | 1,755.78M |
| Total Liabilities | 2,560.25M | 2,516.95M | 2,526.81M | 2,547.35M | 2,983.76M | 2,732.43M | 2,469.69M | 1,741.94M | 1,980.27M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 6,426.35M | 6,426.35M | 6,426.35M | 6,473.79M | 6,610.74M | 6,610.74M | 6,978.28M | 4,873.44M | 4,974.03M |
| Retained Earnings | 112.87M | 135.02M | 192.83M | 135.00M | 135.99M | 213.70M | 233.76M | 176.30M | -0.23M |
| Accumulated OCI | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Minority Interest | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Shareholders’ Equity | 6,539.22M | 6,561.36M | 6,619.18M | 6,608.80M | 6,746.73M | 6,824.44M | 7,212.04M | 5,049.74M | 4,973.80M |
| Total Equity | 6,539.22M | 6,561.36M | 6,619.18M | 6,608.80M | 6,746.73M | 6,824.44M | 7,212.04M | 5,049.74M | 4,973.80M |
| Total Liabilities & Equity | 9,099.47M | 9,078.31M | 9,145.98M | 9,156.15M | 9,730.49M | 9,556.87M | 9,681.73M | 6,791.68M | 6,954.07M |
| Tangible Assets | 9,673.65M | 9,652.49M | 9,720.16M | 9,730.33M | 10,081.48M | 10,131.05M | 10,511.97M | 6,953.62M | 6,893.44M |
| Tangible Equity | 6,539.22M | 6,561.36M | 6,619.18M | 6,608.80M | 6,746.73M | 6,824.44M | 7,212.04M | 5,049.74M | 4,973.80M |
| Tangible Book Value | 6,539.22M | 6,561.36M | 6,619.18M | 6,608.80M | 6,746.73M | 6,824.44M | 7,212.04M | 5,049.74M | 4,973.80M |
| Total Investments | 535.02M | 557.01M | 564.19M | 520.06M | 695.20M | 598.24M | 511.98M | 293.07M | 316.08M |
| Net Debt | 2,113.07M | 2,148.50M | 2,150.00M | 2,155.01M | 2,336.46M | 2,331.21M | 2,361.44M | 1,647.70M | 1,665.13M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Working Capital | -250.4M | -237.9M | -231.5M | -246.2M | -243.1M | -201.2M | -247.8M | -132.1M | -181.7M |
| Total Capital | 9,316.5M | 9,341.2M | 9,408.1M | 9,401.0M | 9,737.7M | 9,814.2M | 10,200.6M | 6,750.7M | 6,669.0M |
| Capital Employed | 9,316.5M | 9,341.2M | 9,408.1M | 9,401.0M | 9,737.7M | 9,814.2M | 10,200.6M | 6,750.7M | 6,669.0M |
| Invested Capital | 9,226.5M | 9,284.0M | 9,343.4M | 9,338.0M | 9,657.4M | 9,729.8M | 10,147.7M | 6,697.4M | 6,638.9M |
Cash Flow Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | 416.22M | 454.33M | 464.32M | 361.09M | 414.82M | 105.67M | 455.65M | 426.40M | 67.53M |
| Depreciation & Amortization | 0.43M | 0.00M | 0.00M | 0.71M | 0.00M | 0.00M | 0.00M | 17.22M | 16.54M |
| Deferred Income Tax | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Stock-Based Compensation | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in Working Capital | 23.80M | -4.39M | 13.12M | -9.01M | 15.25M | 18.13M | 118.52M | -36.88M | 4.54M |
| Accounts Receivable | -3.56M | 6.88M | 4.24M | 0.25M | 10.98M | -20.64M | 16.99M | -14.86M | -12.78M |
| Inventory | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 31.33M | 0.00M | 18.77M | 0.00M |
| Accounts Payable | 33.52M | -3.56M | 8.59M | -8.03M | 26.37M | -10.69M | 17.61M | -18.77M | 46.27M |
| Other Working Capital | -6.15M | -7.71M | 0.29M | -1.23M | -22.10M | 18.13M | 83.92M | -22.02M | -28.95M |
| Other Non-Cash Items | 111.80M | 74.30M | 99.75M | 432.69M | 121.39M | 455.41M | -3,503.00M | 33.96M | -6,606.93M |
| Net Cash from Operating Activities | 552.26M | 524.24M | 577.18M | 785.48M | 551.46M | 579.22M | -2,928.83M | 440.70M | -6,518.32M |
| Capital Expenditures (PPE) | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Acquisitions (Net) | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Purchases of Investments | -62.08M | -22.16M | -40.70M | -0.53M | -842.51M | -89.72M | -3,569.22M | -1.41M | -314.43M |
| Sales / Maturities of Investments | 36.41M | -6.20M | 0.00M | 184.10M | 0.00M | 0.00M | 0.00M | 28.62M | 0.00M |
| Other Investing Activities | 8.23M | 0.00M | 0.00M | 0.00M | 745.49M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Cash from Investing Activities | -17.43M | 10.70M | -40.70M | 0.00M | -97.02M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Debt Issuance | -13.00M | 0.00M | 0.00M | -200.00M | 0.00M | 0.00M | 700.00M | 0.00M | 1,689.90M |
| Long-Term Debt Issuance | -13.00M | 0.00M | 0.00M | -200.00M | 0.00M | 0.00M | 700.00M | 0.00M | 1,689.90M |
| Short-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Stock Issuance | 0.00M | -58.44M | -47.45M | -136.95M | 0.00M | -367.53M | 2,679.02M | -100.59M | 4,974.03M |
| Common Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 2,679.02M | 0.00M | 5,153.10M |
| Common Stock Repurchased | 0.00M | -58.44M | -47.45M | -136.95M | 0.00M | -367.53M | 0.00M | -100.59M | -179.07M |
| Preferred Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Dividends Paid | -467.96M | -402.29M | -406.49M | -362.07M | -492.53M | -125.73M | -398.18M | -249.87M | -67.76M |
| Common Dividends Paid | -467.96M | -402.29M | -406.49M | -362.07M | -492.53M | -125.73M | -398.18M | -249.87M | -67.76M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | -24.86M | -90.30M | -121.53M | -103.75M | -62.96M | -54.53M | -52.29M | -67.05M | -47.82M |
| Net Cash from Financing Activities | -505.82M | -551.03M | -575.47M | -802.77M | -555.48M | -547.80M | 2,928.55M | -417.51M | 6,548.35M |
| Effect of FX on Cash | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Change in Cash | 29.01M | -9.35M | 1.72M | -17.29M | -4.03M | 31.42M | -0.28M | 23.19M | 30.02M |
| Cash at Beginning of Period | 274.57M | 241.52M | 63.04M | 80.33M | 84.35M | 52.93M | 53.22M | 30.02M | 0.00M |
| Cash at End of Period | 303.58M | 232.17M | 64.75M | 63.04M | 80.33M | 84.35M | 52.93M | 53.22M | 30.02M |
| Operating Cash Flow | 603.63M | 550.31M | 577.18M | 785.48M | 551.46M | 579.22M | -2,928.83M | 440.70M | -6,518.32M |
| Capital Expenditure | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Free Cash Flow | 603.63M | 550.31M | 577.18M | 785.48M | 551.46M | 579.22M | -2,928.83M | 440.70M | -6,518.32M |
Free Cash Flow
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 595.96M | 45.17M | 616.54M | 602.52M | 641.81M | 1,101.15M | 533.91M | 466.11M | 405.87M |
| (-) Tax Adjustment | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| (-) Change In Working Capital | 23.80M | -4.39M | 13.12M | -9.01M | 15.25M | 18.13M | 118.52M | -36.88M | 4.54M |
| (-) Capital Expenditure | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Unlevered Free Cash Flow | 572.15M | 49.56M | 603.43M | 611.53M | 626.56M | 1,083.01M | 415.39M | 502.99M | 401.33M |
| (-) Net Interest Income After Taxes | -80.31M | -123.34M | -90.47M | -98.97M | -72.30M | -70.82M | -68.35M | -71.67M | -66.63M |
| Net Debt Issuance | -13.00M | 0.00M | 0.00M | -200.00M | 0.00M | 0.00M | 700.00M | 0.00M | 1,689.90M |
| Levered Free Cash Flow | 639.46M | 172.90M | 693.90M | 510.50M | 698.86M | 1,153.83M | 1,183.74M | 574.66M | 2,157.86M |