Choice Properties Real Estate Investment Trust (TSX: CHP.UN)

CHP.UN Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	1,342	1,309	1,265	1,292	1,271	1,289
Other Revenue	23.69	52.24	28.92	27.28	35.67	39.74
Total Revenue	1,445	1,430	1,336	1,340	1,320	1,343
Revenue Growth (YoY	2.33%	6.99%	-0.25%	1.50%	-1.71%	13.08%
Property Expenses	370.17	390.07	363.95	380.31	384.02	368.13
Selling, General & Administrative	70.45	64.23	47.82	40.92	36.72	39.29
Provision for Loan Losses	-	-	-	1.5	-7.83	-3
Total Operating Expenses	444.32	454.36	413.97	422.3	430.07	417.53
Operating Income	1,001	975.39	922.41	917.37	889.85	925.31
Interest Expense	-582.25	-566.15	-536.86	-533.01	-535.76	-555.56
Currency Exchange Gain (Loss)	-	-	-	-	1.18	-
Other Non-Operating Income	-0.02	-	-	-	-2.23	3.72
EBT Excluding Unusual Items	418.69	409.25	385.55	384.36	353.04	373.47
Merger & Restructuring Charges	-0.03	-0.03	-5.11	-	-1.59	-8.36
Gain (Loss) on Sale of Investments	63.45	-47.26	80.39	43.48	-36.82	-10.82
Asset Writedown	34.4	114.15	113.12	458.82	-220.02	-4.43
Other Unusual Items	-969.68	320.59	170.19	-864.33	354.27	-932.01
Pretax Income	-453.18	796.69	744.14	22.33	448.89	-582.16
Income Tax Expense	-0.01	0	-0.12	-0.68	-1.8	-0.8
Earnings From Continuing Operations	-453.16	796.69	744.25	23.01	450.69	-581.36
Net Income	-453.16	796.69	744.25	23.01	450.69	-581.36
Net Income to Common	-453.16	796.69	744.25	23.01	450.69	-581.36
Net Income Growth	-	7.05%	3134.76%	-94.89%	-	-
Basic Shares Outstanding	328	328	328	328	327	310
Diluted Shares Outstanding	328	328	328	328	327	310
Shares Change (YoY)	0.02%	0.03%	0.06%	0.20%	5.37%	11.53%
EPS (Basic)	-1.38	2.43	2.27	0.07	1.38	-1.87
EPS (Diluted)	-1.38	2.43	2.27	0.07	1.38	-1.87
EPS Growth	-	7.02%	3132.98%	-94.90%	-	-
Dividend Per Share	0.756	0.749	0.740	0.740	0.740	0.740
Dividend Growth	1.32%	1.15%	0%	0%	0%	0%
Operating Margin	69.26%	68.22%	69.02%	68.48%	67.42%	68.91%
Profit Margin	-31.35%	55.72%	55.69%	1.72%	34.14%	-43.29%
Free Cash Flow Margin	47.74%	44.90%	50.02%	49.97%	47.06%	43.23%
EBITDA	1,002	976.39	923.41	918.37	890.85	925.44
EBITDA Margin	69.33%	68.29%	69.10%	68.55%	67.49%	68.92%
D&A For Ebitda	1	1	1	1	1	0.13
EBIT	1,001	975.39	922.41	917.37	889.85	925.31
EBIT Margin	69.26%	68.22%	69.02%	68.48%	67.42%	68.91%
Funds From Operations (FFO)	743.19	726.13	697.73	689.9	652.01	680.28
FFO Per Share	1.03	1.00	0.96	0.95	0.92	0.99
Adjusted Funds From Operations (AFFO)	-	598.43	581.75	586.51	566.47	587.7
AFFO Per Share	-	0.83	0.80	0.81	0.80	0.85
FFO Payout Ratio	33.31%	33.75%	34.75%	35.11%	36.01%	32.28%
Effective Tax Rate	-	0.00%	-	-	-	-

Source: S&P Capital IQ. Real Estate template. Financial Sources.