TSX:AP.UN Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Property Revenue	585.67	592.38	592.04	563.98	519.47	472.8
Revenue	585.67	592.38	592.04	563.98	519.47	472.8
Revenue Growth (YoY)	-2.24%	0.06%	4.98%	8.57%	9.87%	-15.65%
Property Expenses	280.34	275.42	263.57	246.95	224.26	204.79
Total Property Expenses	280.34	275.42	263.57	246.95	224.26	204.79
Gross Profit	305.34	316.96	328.47	317.03	295.21	268.01
Selling, General & Admin	26.67	24.67	24.33	23.58	22.59	25.83
Depreciation & Amortization Expenses	1.97	1.88	1.54	1.5	1.33	1.17
Other Operating Expenses	79.28	29.31	40.12	16.08	16.33	0.57
Operating Income	305.34	316.96	328.47	317.03	295.21	268.01
Interest Income	41.55	41.4	46.91	37.98	28.92	27.57
Interest Expense	-144.21	-135.45	-116.47	-107.07	-72.8	-114.2
Other Non-Operating Income (Expense)	-1,333	-1,495	-535.46	-752.49	-36.41	177.57
Total Non-Operating Income (Expense)	-1,436	-1,589	-605.02	-821.58	-80.29	90.95
Pretax Income	-1,131	-1,272	-276.54	-504.55	214.92	358.96
Net Income	-1,367	-1,328	-342.53	-846.43	744.22	886.3
Minority Interest in Earnings	-	-	-	5	6.51	-
Net Income to Common	-1,367	-1,328	-342.53	-846.43	744.22	886.3
Net Income Growth	-	-	-	-	-16.03%	77.00%
Shares Outstanding (Basic)	148	128	140	140	137	127
Shares Outstanding (Diluted)	148	128	140	140	137	127
Shares Change (YoY)	5.79%	-8.45%	-	2.09%	7.41%	2.34%
EPS (Basic)	-10.19	-10.37	-2.45	-6.06	2.44	3.48
EPS (Diluted)	-10.19	-10.37	-2.45	-6.06	2.44	3.48
EPS Growth	-	-	-	-	-29.80%	-13.45%
Shares Outstanding	183.96	127.96	127.96	127.96	127.96	127.74
Free Cash Flow	-39.77	-22.88	-269.8	-207.33	-352.35	-518.15
Free Cash Flow Per Share	-0.27	-0.18	-1.93	-1.48	-2.57	-4.07
Dividends Per Share	1.710	1.710	1.800	1.800	1.750	1.700
Dividend Growth	-	-5.00%	-	2.88%	2.92%	3.03%
Gross Margin	52.13%	53.51%	55.48%	56.21%	56.83%	56.69%
Operating Margin	52.13%	53.51%	55.48%	56.21%	56.83%	56.69%
Profit Margin	-233.33%	-224.10%	-57.86%	-74.60%	72.26%	93.73%
FCF Margin	-6.79%	-3.86%	-45.57%	-36.76%	-67.83%	-109.59%
EBITDA	345.39	356.61	366.99	349.99	328.84	301.48
EBITDA Margin	58.97%	60.20%	61.99%	62.06%	63.30%	63.76%
EBIT	305.34	316.96	328.47	317.03	295.21	268.01
EBIT Margin	52.13%	53.51%	55.48%	56.21%	56.83%	56.69%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.