IIPZF Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	249.35	246.25	237.14	216.4	185.15	159.96
Other Revenue	0.6	0.03	3.83	0.04	0.04	0.04
Total Revenue	249.95	246.29	240.97	216.44	185.19	160
Revenue Growth (YoY	1.78%	2.21%	11.33%	16.88%	15.75%	10.09%
Property Expenses	83.92	81.32	81.52	77.98	67.49	57.82
Selling, General & Administrative	16.6	17.47	16.62	14.68	13.22	11.6
Total Operating Expenses	103.92	81.99	99.64	73.58	97.96	57.33
Operating Income	146.03	164.3	141.33	142.86	87.23	102.67
Interest Expense	-62.16	-62.59	-63.67	-48.27	-33.97	-30.02
Interest & Investment Income	1.09	1.25	0.65	0.48	0.39	0.64
Other Non-Operating Income	2.47	5.67	2.01	17.22	-11.17	7.26
EBT Excluding Unusual Items	87.43	108.63	80.32	112.28	42.48	80.54
Gain (Loss) on Sale of Assets	-2.25	-1.49	-0.03	-	-	-
Asset Writedown	-175.34	-262.79	11.95	-8.33	327.21	70.11
Pretax Income	-105.36	-155.65	92.24	103.96	369.69	150.65
Net Income	-105.36	-155.65	92.24	103.96	369.69	150.65
Net Income to Common	-105.36	-155.65	92.24	103.96	369.69	150.65
Net Income Growth	-	-	-11.27%	-71.88%	145.40%	-60.86%
Basic Shares Outstanding	144	148	143	141	139	131
Diluted Shares Outstanding	144	148	146	144	139	131
Shares Change (YoY)	-2.20%	1.38%	1.17%	3.82%	6.13%	15.53%
EPS (Basic)	-0.73	-1.05	0.64	0.74	2.66	1.15
EPS (Diluted)	-0.73	-1.05	0.63	0.72	2.66	1.15
EPS Growth	-	-	-12.30%	-72.91%	131.23%	-66.12%
Dividend Per Share	0.395	0.381	0.363	0.345	0.328	0.313
Dividend Growth	5.01%	5.01%	5.22%	5.10%	5.01%	6.56%
Operating Margin	58.42%	66.71%	58.65%	66.00%	47.10%	64.17%
Profit Margin	-42.15%	-63.20%	38.28%	48.03%	199.63%	94.16%
EBITDA	146.97	165.07	142.31	144.11	88.14	103.31
EBITDA Margin	58.80%	67.03%	59.06%	66.58%	47.59%	64.57%
D&A For Ebitda	0.94	0.78	0.99	1.26	0.91	0.64
EBIT	146.03	164.3	141.33	142.86	87.23	102.67
EBIT Margin	58.42%	66.71%	58.65%	66.00%	47.10%	64.17%
Funds From Operations (FFO)	75.89	90.74	80.6	76.93	72.83	62.87
FFO Per Share	0.53	0.61	0.55	0.53	0.51	0.47
Adjusted Funds From Operations (AFFO)	-	80.49	70.4	67.37	64.93	55.58
AFFO Per Share	-	0.54	0.48	0.47	0.46	0.41
FFO Payout Ratio	67.18%	39.90%	38.54%	39.25%	38.94%	41.23%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.