Mainstreet Equity Income Statement

Financials in millions CAD. Fiscal year is October - September.

Millions CAD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Rental Revenue	276.29	249.8	210.03	180.57	159.93
Total Revenue	276.29	249.8	210.03	180.57	159.93
Revenue Growth (YoY	10.61%	18.93%	16.31%	12.91%	6.78%
Property Expenses	92.91	89.36	78.72	70.91	62.08
Selling, General & Administrative	18.87	18.18	17.23	14.94	12.24
Depreciation & Amortization	0.62	0.92	1	0.92	0.91
Total Operating Expenses	112.4	108.45	96.95	86.76	75.22
Operating Income	163.9	141.35	113.08	93.81	84.7
Interest Expense	-65.33	-57.14	-47.6	-42.48	-38.34
Interest & Investment Income	7.55	6.72	2.43	0.78	0.43
EBT Excluding Unusual Items	106.12	90.93	67.92	52.11	46.79
Gain (Loss) on Sale of Assets	0.52	2.01	0.44	4.17	0.11
Asset Writedown	234.44	144.86	69.51	86.89	212
Pretax Income	341.07	237.8	137.87	143.17	258.9
Income Tax Expense	54.06	37.92	28.46	22.63	33.37
Net Income	287.01	199.88	109.41	120.54	225.53
Net Income to Common	287.01	199.88	109.41	120.54	225.53
Net Income Growth	43.59%	82.68%	-9.23%	-46.55%	229.01%
Basic Shares Outstanding	9	9	9	9	9
Diluted Shares Outstanding	9	9	9	9	9
Shares Change (YoY)	-0.00%	-0.02%	-0.23%	-0.04%	-0.24%
EPS (Basic)	30.80	21.45	11.74	12.90	24.13
EPS (Diluted)	30.80	21.45	11.74	12.90	24.13
EPS Growth	43.59%	82.71%	-9.00%	-46.54%	229.74%
Dividend Per Share	0.160	0.110	-	-	-
Dividend Growth	45.45%	-	-	-	-
Operating Margin	59.32%	56.58%	53.84%	51.95%	52.96%
Profit Margin	103.88%	80.02%	52.09%	66.75%	141.03%
EBITDA	164.35	141.83	113.6	94.36	85.22
EBITDA Margin	59.48%	56.78%	54.09%	52.26%	53.29%
D&A For Ebitda	0.46	0.48	0.51	0.56	0.52
EBIT	163.9	141.35	113.08	93.81	84.7
EBIT Margin	59.32%	56.58%	53.84%	51.95%	52.96%
Funds From Operations (FFO)	106.55	91.65	68.72	52.82	47.5
Adjusted Funds From Operations (AFFO)	106.55	91.65	68.72	52.82	47.5
FFO Payout Ratio	1.29%	0.84%	-	-	-
Effective Tax Rate	15.85%	15.95%	20.64%	15.81%	12.89%
Revenue as Reported	276.29	249.8	210.03	180.57	159.93

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