TSX:BEI.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
Rental Revenue	638.64	603.29	545.66	496.36	470.53
Other Revenue	-2.69	13.23	-1.11	-0.25	-
Total Revenue	635.95	616.52	544.55	496.11	470.53
Revenue Growth (YoY	3.15%	13.22%	9.76%	5.44%	1.06%
Property Expenses	221.08	220.96	212.67	207.7	196.19
Selling, General & Administrative	50.6	50.17	44.5	36.42	35.67
Depreciation & Amortization	8.86	8.32	7.92	7.78	7.81
Total Operating Expenses	281.39	279.99	269.66	251.71	242.12
Operating Income	354.55	336.53	274.88	244.41	228.41
Interest Expense	-128.37	-121.16	-111.17	-97.02	-90.08
Interest & Investment Income	4.62	12.5	3.06	0.94	0.33
Other Non-Operating Income	-	-	-	-	-0.04
EBT Excluding Unusual Items	230.81	227.87	166.77	148.32	138.62
Gain (Loss) on Sale of Investments	-	-	-0.46	4.28	-
Gain (Loss) on Sale of Assets	-9.88	-	-0.93	-	-1.95
Asset Writedown	-22.51	328.66	598.84	106.41	403.87
Other Unusual Items	-1.58	31.77	-98.05	24.17	-94.38
Pretax Income	196.84	588.3	666.18	283.17	446.16
Income Tax Expense	-0.03	0.08	0.08	0.08	-0.11
Net Income	196.87	588.22	666.1	283.1	446.27
Net Income to Common	196.87	588.22	666.1	283.1	446.27
Net Income Growth	-66.53%	-11.69%	135.29%	-36.56%	-
Basic Shares Outstanding	49	49	46	46	47
Diluted Shares Outstanding	53	54	46	50	47
Shares Change (YoY)	-0.97%	17.81%	-9.00%	8.22%	-8.78%
EPS (Basic)	4.02	11.91	14.54	6.17	9.59
EPS (Diluted)	3.84	10.41	14.54	5.23	9.59
EPS Growth	-63.10%	-28.40%	177.77%	-45.43%	-
Dividend Per Share	1.590	1.395	1.155	1.067	1.001
Dividend Growth	13.98%	20.78%	8.27%	6.59%	-
Operating Margin	55.75%	54.59%	50.48%	49.27%	48.54%
Profit Margin	30.96%	95.41%	122.32%	57.06%	94.84%
EBITDA	363.41	344.85	282.8	252.19	236.22
EBITDA Margin	57.15%	55.94%	51.93%	50.83%	50.20%
D&A For Ebitda	8.86	8.32	7.92	7.78	7.81
EBIT	354.55	336.53	274.88	244.41	228.41
EBIT Margin	55.75%	54.59%	50.48%	49.27%	48.54%
Funds From Operations (FFO)	248.5	225.85	181.35	157.44	150.21
FFO Per Share	4.65	4.18	3.60	3.13	2.94
Adjusted Funds From Operations (AFFO)	214.89	192.27	149.1	126.18	117.92
AFFO Per Share	4.02	3.56	2.96	2.51	2.31
FFO Payout Ratio	31.07%	30.02%	28.93%	30.89%	31.02%
Effective Tax Rate	-	0.01%	0.01%	0.03%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.