DREUF Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	504.26	466.22	437.6	369.57	289.82
Other Revenue	17.04	42.98	4.94	38.48	39.27
Total Revenue	524.99	514.56	443.11	408.72	331.67
Revenue Growth (YoY	2.03%	16.12%	8.41%	23.23%	40.04%
Property Expenses	119.27	110.79	103.42	87.98	71.92
Selling, General & Administrative	77.23	31.83	32.15	30.26	22.81
Total Operating Expenses	200.86	138.38	139.6	113.41	99.91
Operating Income	324.14	376.18	303.52	295.31	231.76
Interest Expense	-89.85	-99.07	-85.5	-18.5	-31.2
Currency Exchange Gain (Loss)	-2.38	-1.59	1.25	-11.98	2.09
Other Non-Operating Income	-17.43	18.62	-49.48	97.76	-119.4
EBT Excluding Unusual Items	214.46	294.14	169.79	362.6	83.25
Gain (Loss) on Sale of Investments	-	-	-	-	0.91
Asset Writedown	-46.27	-24.77	-66.69	363.03	586.01
Other Unusual Items	-	-	-	-0.26	-31.57
Pretax Income	168.19	269.38	103.1	725.37	638.6
Income Tax Expense	-1.88	9.76	-1.2	19.48	30.26
Earnings From Continuing Operations	170.07	259.61	104.3	705.89	608.35
Net Income	170.07	259.61	104.3	705.89	608.35
Net Income to Common	170.07	259.61	104.3	705.89	608.35
Net Income Growth	-34.49%	148.91%	-85.22%	16.03%	203.97%
Basic Shares Outstanding	287	278	273	257	234
Diluted Shares Outstanding	287	278	273	257	234
Shares Change (YoY)	3.23%	1.68%	6.48%	9.72%	53.17%
EPS (Basic)	0.59	0.93	0.38	2.75	2.60
EPS (Diluted)	0.59	0.93	0.38	2.75	2.60
EPS Growth	-36.54%	144.81%	-86.12%	5.75%	98.44%
Dividend Per Share	0.700	0.700	0.700	0.700	0.700
Dividend Growth	-0.01%	-	-	-	-
Operating Margin	61.74%	73.11%	68.50%	72.25%	69.88%
Profit Margin	32.40%	50.45%	23.54%	172.70%	183.42%
EBITDA	324.87	376.59	303.7	295.31	231.78
EBITDA Margin	61.88%	73.19%	68.54%	72.25%	69.88%
D&A For Ebitda	0.73	0.41	0.18	0	0.02
EBIT	324.14	376.18	303.52	295.31	231.76
EBIT Margin	61.74%	73.11%	68.50%	72.25%	69.88%
Funds From Operations (FFO)	306.78	288.88	274.63	240.49	-
FFO Per Share	1.05	1.00	0.98	0.89	-
Adjusted Funds From Operations (AFFO)	306.78	288.88	274.63	240.49	-
AFFO Per Share	1.05	1.00	0.98	0.89	-
FFO Payout Ratio	47.07%	48.55%	48.93%	56.58%	-
Effective Tax Rate	-	3.62%	-	2.69%	4.74%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.