Owens Realty Mortgage, Inc. (ORM) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12
	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues [+]	16.8	15.5	17.1	21.2	17.8	14.4	16.0
Lease / rental	4.1	4.5	8.0	12.8	12.3	11.2	13.2
Net interest income	12.3	10.8	8.9	8.3	5.4	3.0	2.6
Other						0.0	0.0
Other income	0.4	0.2	0.2	0.2
Revenue growth	8.1%	-9.1%	-19.6%	19.2%	23.7%	-9.8%
Cost of goods sold	8.7	9.8	14.5	8.5	8.2	8.2	10.2
Gross profit	8.1	5.8	2.6	12.7	9.7	6.3	5.7
Gross margin	48.4%	37.2%	15.2%	59.9%	54.2%	43.4%	35.9%
Selling, general and administrative [+]	3.4	2.2	1.6	1.3	1.7	1.7	1.4
General and administrative	3.4	2.2	1.6	1.3	1.7	1.7	1.4
Equity in earnings					-0.2	-0.2	-0.2
Other operating expenses	0.1	0.4	0.3	3.3	1.2	-5.5	2.4
EBITDA [+]	4.7	3.2	0.7	8.2	6.7	9.9	1.7
EBITDA growth	46.3%	341.8%	-91.2%	22.6%	-32.9%	473.4%
EBITDA margin	27.7%	20.5%	4.2%	38.4%	37.3%	68.8%	10.8%
Depreciation and amortization	0.8	1.1	1.3	2.1	2.3	2.5	2.3
EBIT [+]	3.9	2.0	-0.5	6.1	4.4	7.4	-0.6
EBIT growth	90.5%	-479.7%	-108.8%	38.8%	-40.8%	-1418.0%
EBIT margin	23.2%	13.2%	-3.2%	28.7%	24.7%	51.5%	-3.5%
Non-recurring items [+]	1.1	1.4	3.2	1.6	0.2	0.7	4.9
Asset impairment	1.1	1.4	3.2	1.6	0.2	0.7	4.9
Interest expense	2.1	1.6	2.9	1.9	1.2	0.5	0.5
Interest expense	2.1	1.6	2.9	1.9	1.2	0.5	0.5
Other income (expense), net [+]	6.7	13.7	27.4	23.8	5.0	4.6	4.8
Gain (loss) on sale of assets	4.6	14.7	24.5	21.8
Environmental remediation expense							0.1
Other					0.0	0.0	0.1
Pre-tax income	7.4	12.7	20.7	26.3	8.1	10.8	-1.2
Income taxes	0.6	4.0	-7.2	0.1	0.2	2.1	0.5
Tax rate	7.5%	31.8%		0.4%	2.0%	19.3%
Minority interest			3.6	2.7	0.2	2.1	0.5
Net income	6.9	8.7	24.4	23.6	7.9	8.7	-1.7
Net margin	41.0%	55.9%	142.9%	110.9%	44.5%	60.6%	-10.5%

Basic EPS [+]	$0.79	$0.85	$2.38	$2.22	$0.74	$0.78	($0.15)
Growth	-8.0%	-64.1%	7.1%	202.1%	-6.2%	-623.2%
Diluted EPS [+]	$0.79	$0.85	$2.38	$2.22	$0.74	$0.78	($0.15)
Growth	-8.0%	-64.1%	7.1%	202.1%	-6.2%	-623.2%

Dividends per share [+]	$0.76	$0.38	$0.32	$0.41	$0.27	$0.25	$0.17
Growth	100.0%	18.8%	-22.0%	51.9%	8.0%	47.1%

Shares outstanding (basic) [+]	8.8	10.2	10.2	10.6	10.8	11.1	11.2
Growth	-13.8%	-0.8%	-3.3%	-1.6%	-3.2%	-0.6%
Shares outstanding (diluted) [+]	8.8	10.2	10.2	10.6	10.8	11.1	11.2
Growth	-13.8%	-0.8%	-3.3%	-1.6%	-3.2%	-0.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.