The company said total revenues rose to $2,432.3 million in 2023 from $2,238.1 million in 2022, and rental revenues and other property income increased 8.6% to $2,418.6 million.

1. 01

   The company said total revenues rose to $2,432.3 million in 2023 from $2,238.1 million in 2022, and rental revenues and other property income increased 8.6% to $2,418.6 million.

2. 02

   The company said total expenses rose to $2,074.8 million in 2023 from $1,919.2 million in 2022. Interest expense increased to $333.5 million, and the company cited a $779.3 million increase in total debt among the factors.

3. 03

   The company said it issued 5.45% and 5.50% Senior Notes in August 2023, and unrestricted cash and cash equivalents at the end of 2023 were $700.6 million, up 166.5% from $262.9 million at the end of 2022.

4. 04

   The company said net cash provided by operating activities was $1,107.1 million in 2023, net cash used in investing activities was $773.6 million, and net cash provided by financing activities was $110.0 million.

Key figures

Fiscal year ended December 31, 2023

Revenue

$2.4B

Net income

$519M

EPS

$0.85

Operating cash flow

$1.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.