Erp Operating Ltd Partnership income statement VRMK

Annual Quarterly

In Q2 of fiscal 2015, the quarter ended Jun 30, 2015, Erp Operating Ltd Partnership reported revenue of $679.1 million. Net income was $286.4 million, a profit margin of 42.2%. Operating income came to $246.2 million, an operating margin of 36.3%. Diluted earnings per share were $0.78.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM Jun 30, 2015	Q2 FY2015 Jun 30, 2015	Q1 FY2015 Mar 31, 2015	Q1 FY2010 Mar 31, 2010	Q4 FY2009 Dec 31, 2009	Q3 FY2009 Sep 30, 2009	Q2 FY2009 Jun 30, 2009
Revenue	—	679	666	489	464	493	505
Selling, general and administrative	—	16	20	11	9	10	10
Operating income	—	246	218	119	129	133	136
Pretax income	—	138	107	-2	-21	9	23
Income tax	—	0	0	0	-0	0	0
Net income	—	286	183	58	47	144	106
Net income to common	—	286	179	—	—	—	—
Basic EPS	—	0.79	0.49	—	—	—	—
Diluted EPS	—	0.78	0.49	—	—	—	—
Weighted average shares, basic	—	363	363	—	—	—	—
Weighted average shares, diluted	—	380	380	—	—	—	—
Other measures
Depreciation and amortization	—	194	195	152	144	147	150
EBITDA	—	440	413	271	272	281	286
Interest coverage	—	205.15x	—	—	—	—	—
Margins
Operating margin	—	36.25%	32.74%	24.27%	27.70%	27.01%	26.92%
Pretax margin	—	20.26%	16.08%	-0.42%	-4.46%	1.92%	4.64%
Profit margin	—	42.18%	27.39%	11.89%	10.22%	29.16%	20.97%
EBITDA margin	—	64.86%	61.93%	55.44%	58.61%	56.94%	56.59%
Effective tax rate	—	0.24%	0.04%	—	—	4.84%	1.10%

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Real Estate Investment Trusts (SIC 6798)
Listed as: VRMK
Fiscal year ends: December 31
Incorporated in: IL
Headquarters: Chicago, IL
SEC filer status: Large Accelerated
SEC CIK: 931182

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.