Ravelin Properties REIT Balance Sheet

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
Property, Plant & Equipment	1,170	1,131	1,362	1,754	1,592	1,594
Cash & Equivalents	12.24	13.59	11.27	19.91	9.91	8.52
Accounts Receivable	11.03	8.58	6.66	7.68	7.36	7.93
Other Receivables	2.38	3.42	3.3	6.25	5.81	3.36
Investment In Debt and Equity Securities	-	1.3	12.76	29.12	-	-
Other Current Assets	8.48	22.52	295.41	5.67	142.71	5.92
Trading Asset Securities	0.01	2.78	3.33	-	-	-
Other Long-Term Assets	42.73	46.19	47.34	46.41	51.16	59.53
Total Assets	1,247	1,230	1,742	1,869	1,809	1,679
Current Portion of Long-Term Debt	961.39	923.06	450.72	374.03	162.21	169.16
Long-Term Debt	161.79	154.67	536.58	802.06	920.55	861.2
Accounts Payable	47.33	60.67	32.26	25.97	36.68	35.6
Current Income Taxes Payable	0.25	0.36	-	1.61	-	-
Current Unearned Revenue	7.94	6.76	7.97	10.87	-	-
Other Current Liabilities	1.6	17.23	199.43	4.09	57.58	1.68
Long-Term Deferred Tax Liabilities	-	-	0.25	0.45	2.75	-
Other Long-Term Liabilities	14.33	7.17	6.35	5.92	7.17	6.83
Total Liabilities	1,216	1,170	1,234	1,225	1,187	1,074
Common Stock	578.72	578.7	578.41	578.38	518.89	520.51
Retained Earnings	-568.05	-529.09	-72.56	60.82	109.05	89.49
Comprehensive Income & Other	20.44	10.2	2.86	5.17	-5.97	-5.26
Shareholders' Equity	31.11	59.81	508.7	644.37	621.97	604.74
Total Liabilities & Equity	1,247	1,230	1,742	1,869	1,809	1,679
Total Debt	1,123	1,078	987.29	1,176	1,083	1,030
Net Cash (Debt)	-1,111	-1,061	-972.69	-1,156	-1,073	-1,022
Net Cash Per Share	-13.80	-13.22	-12.15	-14.66	-14.64	-13.95
Filing Date Shares Outstanding	80.56	80.56	80.05	80.02	80.17	67.77
Total Common Shares Outstanding	80.56	80.5	80.05	80.02	67.77	67.77
Book Value Per Share	0.39	0.74	6.35	8.05	9.18	8.92
Tangible Book Value	31.11	59.81	508.7	644.37	621.97	604.74
Tangible Book Value Per Share	0.39	0.74	6.35	8.05	9.18	8.92

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