FRT Revenue Flow Filed revenue amounts for 2026-04-01 to 2026-06-30. Coverage is partial. Unconnected amounts are separate disclosures; they must not be added together.
2026-03-31: Revenue $341.08M ; Operating expenses $224.81M ; Net income $159.10M . 2025-12-31: Revenue $336.05M* ; Operating expenses $220.41M* ; Net income $129.74M* . 2025-09-30: Revenue $322.25M ; Operating expenses $211.59M ; Net income $61.65M . 2025-06-30: Revenue $311.52M ; Operating expenses $199.46M ; Net income $155.92M . Consolidated Entities Separate filed amounts; connecting flows are not established. Components and totals may overlap.
FRT revenue flow Filed amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow. Partnership Interest $335.71M Revenue $335.71M Operating expenses $217.66M Operating income $138.66M
Finer product or service dollar figures and nonoverlapping groupings are shown only where supported by the retained filing evidence. Growth percentages are never converted to revenue dollars.
Historical revenue and expense breakdown Revenue and expense 3 month Period end Revenue Operating expenses Net income 2026-03-31 $341.08M $224.81M $159.10M 2025-12-31 $336.05M* $220.41M* $129.74M* 2025-09-30 $322.25M $211.59M $61.65M 2025-06-30 $311.52M $199.46M $155.92M 2025-03-31 $309.15M $202.19M $63.77M 2024-09-30 $303.63M $197.80M $60.95M 2024-06-30 $296.05M $191.32M $111.98M 2024-03-31 $291.32M $191.13M $56.74M 2023-09-30 $286.60M $186.52M $57.05M 2023-06-30 $280.68M $178.88M $60.50M 2023-03-31 $273.06M $178.95M $55.34M 2022-09-30 $273.45M $181.82M $156.14M 2022-06-30 $264.10M $170.50M $61.68M 2022-03-31 $256.77M $170.79M $51.98M 2021-09-30 $247.28M $161.71M $52.12M 2021-06-30 $231.63M $152.76M $46.20M 2021-03-31 $218.16M $152.79M $48.24M 2020-09-30 $208.20M $147.29M -$28.29M 2020-06-30 $176.23M $139.61M $10.51M 2020-03-31 $231.56M $145.81M $54.76M 2019-12-31 $239.15M (m) $147.35M 2019-09-30 $233.95M $154.22M $65.47M 2019-06-30 $230.47M $137.08M $80.90M 2019-03-31 $232.23M $141.13M $60.14M 2018-12-31 $235.38M (m) $54.51M 2018-09-30 $229.75M $139.41M $62.56M 2018-06-30 $224.90M $135.01M $63.59M 2018-03-31 $225.41M $139.26M $61.25M 2017-12-31 $223.96M (m) $50.66M 2017-09-30 $217.95M $133.46M $106.78M 2017-06-30 $208.05M $124.96M $76.29M 2017-03-31 $207.39M $125.84M $56.19M 2016-12-31 $204.11M (m) $58.04M 2016-09-30 $201.16M $120.70M $58.98M 2016-06-30 $197.98M $117.85M $55.94M 2016-03-31 $198.34M $121.42M $76.95M 2015-12-31 $192.51M (m) $67.95M 2015-09-30 $185.25M $109.33M $52.45M 2015-06-30 $181.46M $105.26M $43.63M 2015-03-31 $184.79M $112.67M $46.19M 2014-12-31 $176.38M (m) $35.16M 2014-09-30 $170.94M $103.32M $47.08M 2014-06-30 $167.95M $99.59M $43.55M 2014-03-31 $170.83M $107.38M $38.75M 2013-12-31 $163.85M (m) $28.46M 2013-09-30 $159.03M $94.33M $62.10M 2013-06-30 $157.39M $93.90M $37.54M 2013-03-31 $157.15M $94.65M $34.59M 2012-12-31 $155.78M (m) $37.69M 2012-09-30 $157.23M $90.48M $38.64M 2012-06-30 $147.04M $85.78M $32.60M 2012-03-31 $145.73M $85.74M $42.99M 2011-12-31 $141.47M (m) $30.92M 2011-09-30 $137.66M $80.91M $47.05M 2011-06-30 $136.28M $78.95M $34.76M 2011-03-31 $137.65M $81.28M $31.19M 2010-12-31 $137.33M (m) $32.82M 2010-09-30 $133.45M $77.55M $29.64M 2010-06-30 $133.22M $77.38M $31.11M 2010-03-31 $137.80M $79.34M $29.22M 2009-09-30 $130.99M $73.34M $27.43M 2009-06-30 $130.34M $74.94M $28.42M
Revenue and expense 6 month Period end Revenue Operating expenses Net income 2025-06-30 $620.68M $401.65M $219.68M 2024-06-30 $587.38M $382.45M $168.72M 2023-06-30 $553.74M $357.83M $115.83M 2022-06-30 $520.87M $341.29M $113.66M 2021-06-30 $449.79M $305.55M $94.44M 2020-06-30 $407.78M $285.43M $65.27M 2019-06-30 $462.69M $278.22M $141.05M 2018-06-30 $450.31M $274.27M $124.84M 2017-06-30 $415.44M $250.80M $132.48M 2016-06-30 $396.32M $239.27M $132.90M 2015-06-30 $366.25M $217.93M $89.82M 2014-06-30 $338.77M $206.97M $82.30M 2013-06-30 $314.54M $188.55M $72.13M 2012-06-30 $293.85M $171.52M $75.59M 2011-06-30 $273.93M $160.22M $65.94M 2010-06-30 $271.02M $156.46M $60.33M 2009-06-30 $261.41M $171.83M $38.90M
Revenue and expense 9 month Period end Revenue Operating expenses Net income 2025-09-30 $942.93M $613.23M $281.33M 2024-09-30 $891.01M $580.25M $229.67M 2023-09-30 $840.34M $544.35M $172.88M 2022-09-30 $794.32M $523.11M $269.80M 2021-09-30 $697.07M $467.26M $146.56M 2020-09-30 $615.98M $432.72M $36.98M 2019-09-30 $696.64M $432.44M $206.51M 2018-09-30 $680.06M $413.68M $187.40M 2017-09-30 $633.39M $384.26M $239.26M 2016-09-30 $597.48M $359.96M $191.87M 2015-09-30 $551.50M $327.26M $142.26M 2014-09-30 $509.71M $310.29M $129.37M 2013-09-30 $473.57M $282.88M $134.22M 2012-09-30 $450.01M $261.63M $114.23M 2011-09-30 $411.59M $241.13M $113.00M 2010-09-30 $404.46M $234.01M $89.97M 2009-09-30 $392.41M $245.17M $66.33M
Revenue and expense 12 month Period end Revenue Operating expenses Net income 2025-12-31 $1.28B $833.64M $411.08M 2024-12-31 $1.20B $784.14M $295.21M 2023-12-31 $1.13B $735.57M $236.99M 2022-12-31 $1.07B $711.83M $385.49M 2021-12-31 $951.22M $646.45M $261.50M 2020-12-31 $835.49M $586.87M $131.71M 2019-12-31 $935.79M $581.27M $353.87M 2018-12-31 $915.44M $565.72M $241.91M 2017-12-31 $857.35M $525.06M $289.91M 2016-12-31 $801.59M $480.60M $249.91M 2015-12-31 $744.01M $443.86M $210.22M 2014-12-31 $686.09M $415.05M $164.53M 2013-12-31 $637.41M $383.25M $162.68M 2012-12-31 $605.79M $351.93M $151.93M 2011-12-31 $551.10M $324.64M $143.92M 2010-12-31 $541.80M $312.58M $122.79M 2009-12-31 $528.57M $319.04M $98.30M 2008-12-31 $519.61M $302.36M $129.79M