FINANCIAL RESULTS
Albanese Cormier Holdings, LLC and Subsidiaries SUPPLEMENTARY INFORMATION SCHEDULE 2 – CONSOLIDATING STATEMENT OF INCOME For years ended December 31, 2025
Albanese Cormier
Edison Plaza P artners, LLC
Income
Holdings, LLC
Eliminatio ns
Consolidated
Rental inco me, net
$
48,519,390 277,896 35,087 120,590 171,600 404,949 56,228 12,154,739 61,740,479
$
7,616,518
$
(102,616)
$
56,033,292
Rental inco me-co ntingent Rental inco me-terminatio n fee Rental inco me-s traight line rent Sales -res idential real es tate Tenant expenses reimbursement
- -
- - - -
277,896 35,087 111,398 171,600
(9,192)
-
3,412,349
15,567,088
Administrative income Income from investment
- -
(340,084)
64,865 56,228
-
Totalincome
11,019,675
(442,700)
72,317,454
Expenses: Advertis ing Bank charges
- - - - - - - - - -
395,032
657
395,689
4,043
-
4,043
Cleaning
1,041,413 163,337 169,284
382,081 63,978
1,423,494
Computer software
227,315 169,284
Co s t o f res idential lo t s ales
- - -
Donations
6,050
6,050
Dues and subscriptions
72,469
72,469
Insurance
2,788,913 3,971,992
429,832 1,083,030 340,084
3,218,745 5,055,022 8,400 50,128 66,464 26,302 851,941 56,060 522,779 65,544 848,489 193,137 3,926,353 7,072,544
Maintenance and repairs
Management fees
8,400
(340,084)
Meals and entertainment
49,572 62,545 18,059 843,043 102,616 174,821 58,847 848,489 3,685,538
556
- -
Office expense
3,919 8,243 8,898
Other
P ro fes s io nal fees
-
Rent
56,060 240,815 347,958
(102,616)
Salaries Security
- - - - - - - - -
Simple IRA Contributions
6,697
Taxes-other Taxes -payro ll Taxes -pro perty
-
175,409
17,728
6,072,505
1,000,039
Telephone
10,821 151,516
28,918
39,739 151,516
Travel
- -
Travel-o ther
1,818,072 1,097,407 23,790,193
1,818,072 1,966,160
Utilities
868,753
-
Totalexpense
4,888,246
(442,700)
28,235,739
Operating inco me
37,950,286
6,131,429
-
44,081,715
Other income (expense): Depreciation and amortization Deprecation - basis step up
(17,507,196) (1,810,235) (21,055,210) 14,731,224 1,574,429 (1,562,252)
(1,529,860) (1,026,396) (1,374,225)
- - - - - - - - - - - - -
(19,037,056) (2,836,631) (22,429,435) 14,731,224 1,574,429 (1,562,252)
Interest expense Gain on disposal
-
Interest and dividend income Income (Loss) from securities
- -
Miscellaneous income
103,435
11,172
114,607
Totalother income (expense)
(25,525,805)
(3,919,309)
(29,445,114)
Income before taxprovision State income taxprovision
12,424,481
2,212,120
14,636,601
533,717
36,229
569,946
Net income
11,890,764
2,175,891 (543,973) 1,631,918
14,066,655
Noncontrolling interest in net income Controlling interest in net income
-
(543,973)
$
11,890,764
$
$
$
13,522,682
See independent accountants’ review report. 31
100
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