PCOK · As filed with the SEC

Pacific Oak Strategic Opportunity REIT income statement, by fiscal year

The statement as Pacific Oak Strategic Opportunity REIT presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONSOLIDATED STATEMENTS OF OPERATIONS · USD thousands, except per-share amounts

USD thousands, except per-share amounts	FY2024 Year ended Dec 31, 2024	FY2023 Year ended Dec 31, 2023	FY2022 Year ended Dec 31, 2022	FY2021 Year ended Dec 31, 2021
Revenues:
Rental income	120,495	128,068	121,859	123,436
Hotel revenues	9,061	9,153	30,749	30,806
Other operating income	—	—	3,859	4,027
Other operating income	3,969	4,315	—	—
Hotel revenues	9,061	9,153	30,749	30,806
Interest income from real estate debt securities	—	—	—	0
Dividend income from real estate equity securities	—	3,880	5,591	9,658
Total revenues	133,525	145,416	162,058	167,927
Expenses:
Operating, maintenance, and management	45,967	45,699	44,317	42,519
Real estate taxes and insurance	23,410	28,300	21,132	20,768
Hotel expenses	6,874	6,944	19,252	20,990
Asset management fees to affiliates	15,551	15,415	13,678	14,012
General and administrative expenses	11,665	10,476	10,700	9,853
Hotel revenues	—	—	—	2,577
Foreign currency transaction loss (gain), net	3,156	18,712	(29,038)	7,445
Depreciation and amortization	41,069	47,868	51,930	58,871
Interest expense, net	—	68,216	48,130	40,510
Interest expense, net	71,892	—	—	—
Impairment charges on real estate and related intangibles	76,090	64,849	18,493	10,971
Impairment charges on goodwill	0	4,488	8,098	2,808
Total expenses	295,674	310,967	206,692	228,747
Other income (loss):
Gain from remeasurement of prior equity interest	—	—	0	0
Income from NIP	—	—	0	0
(Loss) income from unconsolidated entities	—	—	(8,019)	(1,373)
Casualty-related gain	—	—	0	27
Loss from unconsolidated entities, net	(35,397)	(54,758)	—	—
Other interest income	—	2,907	228	194
Other income	1,765	—	—	—
Loss on real estate equity securities, net	(12,076)	(4,598)	(51,943)	28,632
Gain on sale of real estate, net	119,018	82,099	46,513	30,261
(Loss) gain on extinguishment of debt	(6,033)	0	2,367	(4,757)
Gain from consolidation of previously unconsolidated entity	0	0	18,742	—
Transaction and related costs	—	0	0	(2,984)
Subordinated performance fee due upon termination to affiliate	—	0	0	(1,678)
Total other income, net	—	25,650	7,888	48,322
Total other income, net	67,277	—	—	—
Net loss before income taxes	(94,872)	(139,901)	(36,746)	—
Income tax provision	(10,000)	(6,576)	(4,924)	—
Net loss	(104,872)	(146,477)	(41,670)	(12,498)
Net loss (income) attributable to noncontrolling interests	4,035	2,326	(530)	2,310
Net loss attributable to redeemable noncontrolling interest	—	—	—	146
Net loss attributable to redeemable noncontrolling interest	0	0	81	—
Preferred stock dividends	0	0	(1,123)	(913)
Net loss attributable to common stockholders	(100,837)	(144,151)	(43,242)	(10,955)
Net loss per common share, basic (in dollars per share)	(0.98)	(1.39)	(0.44)	(0.11)
Net loss per common share, diluted (in dollars per share)	(0.98)	(1.39)	(0.44)	(0.11)
Weighted-average number of common shares outstanding, basic (in shares)	103,083,547	103,642,866	103,522,696	96,967,983
Weighted-average number of common shares outstanding, diluted (in shares)	103,083,547	103,642,866	103,522,696	96,967,983

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.