TSX:APR.UN 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
Property Revenue	203.67	187.75	92.48	82.86	78.22
Revenue	203.67	187.75	92.48	82.86	78.22
Revenue Growth (YoY)	8.48%	103.01%	11.61%	5.94%	4.12%
Property Expenses	15.96	14.55	14.07	12.29	11.14
Total Property Expenses	15.96	14.55	14.07	12.29	11.14
Property Taxes	15.96	14.55	-	-	-
Gross Profit	171.76	158.66	78.41	70.58	67.08
Operating Income	85.88	79.33	78.41	70.58	67.08
Interest Income	26.35	24.78	24.48	17.96	15.58
Other Non-Operating Income (Expense)	-1.53	33.33	16.07	49.49	51.25
Total Non-Operating Income (Expense)	24.82	58.1	40.55	67.45	66.83
Pretax Income	110.7	137.43	118.96	138.02	133.91
Net Income	44.58	72	111.46	130.4	125.92
Minority Interest in Earnings	0.23	3.13	7.5	7.62	7.99
Net Income to Common	44.58	72	111.46	130.4	125.92
Net Income Growth	-38.09%	-35.40%	-14.53%	3.55%	88.31%
Shares Outstanding (Basic)	55	49	49	49	49
Shares Outstanding (Diluted)	55	50	50	50	49
Shares Change (YoY)	9.67%	0.37%	0.50%	0.72%	-32.71%
EPS (Basic)	0.81	0.98	0.98	0.95	2.58
EPS (Diluted)	0.81	0.95	0.96	0.94	2.55
EPS Growth	-15.09%	-0.63%	2.13%	-63.13%	179.86%
Shares Outstanding	55.09	49.09	49.05	49.05	49.01
Free Cash Flow	-87.69	43.42	-36.16	21.86	37.34
Free Cash Flow Growth	-	-	-	-41.48%	227.87%
Free Cash Flow Per Share	-1.59	0.86	-0.72	0.44	0.76
Dividends Per Share	0.811	0.804	0.804	0.804	0.804
Dividend Growth	0.93%	-	-	-	-
Gross Margin	84.33%	84.50%	84.79%	85.17%	85.76%
Operating Margin	42.17%	42.25%	84.79%	85.17%	85.76%
Profit Margin	54.35%	73.20%	128.63%	166.57%	171.20%
FCF Margin	-43.05%	23.13%	-39.10%	26.38%	47.74%
EBITDA	87.14	80.35	79.61	72.06	67.82
EBITDA Margin	42.79%	42.79%	86.08%	86.96%	86.71%
EBIT	85.88	79.33	78.41	70.58	67.08
EBIT Margin	42.17%	42.25%	84.79%	85.17%	85.76%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.