TSX:CAR.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	1,003	1,113	1,065	1,007	933.14
Total Revenue	1,003	1,113	1,065	1,007	933.14
Revenue Growth (YoY	-9.83%	4.45%	5.76%	7.94%	5.72%
Property Expenses	349.65	382.09	372.53	356.86	323.14
Selling, General & Administrative	47.02	51.95	51.38	52.27	51.37
Depreciation & Amortization	-	-	-	-	8.25
Total Operating Expenses	406.2	440.35	431.73	416.39	397.87
Operating Income	597.17	672.4	633.59	590.88	535.27
Interest Expense	-187.11	-212.51	-201.77	-182.87	-150.42
Interest & Investment Income	13.9	6.97	12.61	12.09	2.27
Income (Loss) on Equity Investments	-	-	-	0.65	18.46
Currency Exchange Gain (Loss)	-4.03	-26.78	4.16	-21	-6.1
Other Non-Operating Income	-68.59	-44.19	-59.52	-13.37	50.56
EBT Excluding Unusual Items	351.33	395.88	389.07	386.38	450.04
Impairment of Goodwill	-	-	-	-14.28	-
Gain (Loss) on Sale of Investments	-	-	-	-	14.09
Gain (Loss) on Sale of Assets	-	-	-	-1.07	-0.24
Asset Writedown	-84.69	58.49	-914.59	-468.33	1,049
Other Unusual Items	-4.49	3.01	3.25	1.77	-
Pretax Income	254.18	450.71	-533.26	-101.22	1,513
Income Tax Expense	17.47	39.44	-76.48	-10.03	81.18
Earnings From Continuing Operations	236.71	411.27	-456.78	-91.19	1,431
Minority Interest in Earnings	-39.66	-118.53	45.21	104.82	-38.65
Net Income	197.05	292.74	-411.57	13.64	1,393
Net Income to Common	197.05	292.74	-411.57	13.64	1,393
Net Income Growth	-32.69%	-	-	-99.02%	50.42%
Basic Shares Outstanding	159	169	170	174	174
Diluted Shares Outstanding	160	169	170	175	174
Shares Change (YoY)	-5.45%	-0.56%	-2.69%	0.45%	1.37%
EPS (Basic)	1.24	1.74	-2.43	0.08	8.03
EPS (Diluted)	1.23	1.73	-2.43	0.08	8.00
EPS Growth	-28.80%	-	-	-99.02%	48.39%
Dividend Per Share	1.546	1.471	1.450	1.450	1.409
Dividend Growth	5.09%	1.45%	-	2.91%	2.10%
Operating Margin	59.52%	60.43%	59.48%	58.66%	57.36%
Profit Margin	19.64%	26.31%	-38.63%	1.35%	149.26%
EBITDA	603.58	678.76	639.8	598.34	543.49
EBITDA Margin	60.16%	61.00%	60.06%	59.40%	58.24%
D&A For Ebitda	6.41	6.36	6.21	7.46	8.23
EBIT	597.17	672.4	633.59	590.88	535.27
EBIT Margin	59.52%	60.43%	59.48%	58.66%	57.36%
Funds From Operations (FFO)	406.39	428.64	407.66	406.98	392.42
FFO Per Share	2.54	2.53	2.40	2.33	2.25
Adjusted Funds From Operations (AFFO)	406.39	428.64	407.66	406.98	392.42
AFFO Per Share	2.54	2.53	2.40	2.33	-
FFO Payout Ratio	59.36%	56.55%	58.00%	51.72%	45.30%
Effective Tax Rate	6.87%	8.75%	-	-	5.37%

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