NWHUF 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	422.53	462.4	508	452.2	374.61
Property Management Fees	15.1	15.15	15.36	15.88	16.55
Other Revenue	10.72	-22.1	-19.23	11.97	107.48
Total Revenue	458.16	465.67	522.68	493.46	503.24
Revenue Growth (YoY	-1.61%	-10.91%	5.92%	-1.94%	14.50%
Property Expenses	110.39	113	121.37	103.85	85.09
Selling, General & Administrative	56.73	54.27	57.57	47.87	40.2
Other Operating Expenses	-	-	-	-0.32	-0.91
Total Operating Expenses	168.18	163.58	168.13	141.16	127.06
Operating Income	289.98	302.09	354.55	352.3	376.18
Interest Expense	-137.04	-213.09	-243.76	-107.86	-66.7
Currency Exchange Gain (Loss)	3.51	33.93	-2.51	9.26	14.74
Other Non-Operating Income	-19.38	-32.48	15.43	-14.78	-56.76
EBT Excluding Unusual Items	137.07	90.45	123.72	238.91	267.46
Merger & Restructuring Charges	-18.7	-16.69	-38.75	-28.36	-37.98
Gain (Loss) on Sale of Assets	-6.61	-34.67	-12.24	-	-
Asset Writedown	-61.87	-368.79	-571.76	-28.8	513.99
Other Unusual Items	-17.35	-36.11	-	17.21	-3.99
Pretax Income	27.28	-369.71	-499.03	198.96	739.47
Income Tax Expense	6.06	-49.51	-18.29	79.3	124.23
Earnings From Continuing Operations	21.22	-320.2	-480.74	119.66	615.24
Earnings From Discontinued Operations	-	-	-	-	51.35
Net Income to Company	21.22	-320.2	-480.74	119.66	666.59
Minority Interest in Earnings	-74.07	20.45	133.05	-61.33	-228.31
Net Income	-52.85	-299.76	-347.69	58.33	438.28
Net Income to Common	-52.85	-299.76	-347.69	58.33	438.28
Net Income Growth	-	-	-	-86.69%	86.88%
Basic Shares Outstanding	249	248	243	241	224
Diluted Shares Outstanding	249	248	243	241	224
Shares Change (YoY)	0.56%	1.85%	1.10%	7.37%	27.36%
EPS (Basic)	-0.21	-1.21	-1.43	0.24	1.96
EPS (Diluted)	-0.21	-1.21	-1.43	0.24	1.96
EPS Growth	-	-	-	-87.61%	46.73%
Dividend Per Share	0.360	0.360	0.650	0.800	0.800
Dividend Growth	-	-44.62%	-18.75%	-	-
Operating Margin	63.29%	64.87%	67.83%	71.39%	74.75%
Profit Margin	-11.54%	-64.37%	-66.52%	11.82%	87.09%
EBITDA	292.23	305.76	355.82	353.69	377.56
EBITDA Margin	63.78%	65.66%	68.08%	71.68%	75.03%
D&A For Ebitda	2.25	3.67	1.27	1.4	1.38
EBIT	289.98	302.09	354.55	352.3	376.18
EBIT Margin	63.29%	64.87%	67.83%	71.39%	74.75%
Funds From Operations (FFO)	109.43	88.87	141.38	168.17	177.65
FFO Per Share	0.44	0.36	0.57	0.70	0.84
Adjusted Funds From Operations (AFFO)	105.58	95.65	137.76	172.66	178.96
AFFO Per Share	0.42	0.39	0.56	0.72	0.85
FFO Payout Ratio	70.38%	88.25%	105.22%	92.01%	76.76%
Effective Tax Rate	22.22%	-	-	39.86%	16.80%

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