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

TSX:CHP.UN Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	1,358	1,309	1,265	1,292	1,271
Other Revenue	38.11	52.24	28.92	27.28	35.67
Total Revenue	1,470	1,430	1,336	1,340	1,320
Revenue Growth (YoY	2.82%	6.99%	-0.25%	1.50%	-1.71%
Property Expenses	390.8	390.07	363.95	380.31	384.02
Selling, General & Administrative	67.83	64.23	47.82	40.92	36.72
Provision for Loan Losses	-	-	-	1.5	-7.83
Total Operating Expenses	458.98	454.36	413.97	422.3	430.07
Operating Income	1,011	975.39	922.41	917.37	889.85
Interest Expense	-586.39	-566.15	-536.86	-533.01	-535.76
Currency Exchange Gain (Loss)	-	-	-	-	1.18
Other Non-Operating Income	-	-	-	-	-2.23
EBT Excluding Unusual Items	424.7	409.25	385.55	384.36	353.04
Merger & Restructuring Charges	38.56	-0.03	-5.11	-	-1.59
Gain (Loss) on Sale of Investments	-10.1	-47.26	80.39	43.48	-36.82
Asset Writedown	92.73	114.15	113.12	458.82	-220.02
Other Unusual Items	237.47	320.59	170.19	-864.33	354.27
Pretax Income	783.37	796.69	744.14	22.33	448.89
Income Tax Expense	-1.07	0	-0.12	-0.68	-1.8
Earnings From Continuing Operations	784.44	796.69	744.25	23.01	450.69
Net Income	784.44	796.69	744.25	23.01	450.69
Net Income to Common	784.44	796.69	744.25	23.01	450.69
Net Income Growth	-1.54%	7.05%	3134.76%	-94.89%	-
Basic Shares Outstanding	328	328	328	328	327
Diluted Shares Outstanding	328	328	328	328	327
Shares Change (YoY)	0.02%	0.03%	0.06%	0.20%	5.37%
EPS (Basic)	2.39	2.43	2.27	0.07	1.38
EPS (Diluted)	2.39	2.43	2.27	0.07	1.38
EPS Growth	-1.56%	7.02%	3132.98%	-94.90%	-
Dividend Per Share	0.758	0.749	0.740	0.740	0.740
Dividend Growth	1.20%	1.22%	0%	0%	0%
Operating Margin	68.78%	68.22%	69.02%	68.48%	67.42%
Profit Margin	53.36%	55.72%	55.69%	1.72%	34.14%
Free Cash Flow Margin	49.30%	44.90%	50.02%	49.97%	47.06%
EBITDA	1,012	976.39	923.41	918.37	890.85
EBITDA Margin	68.85%	68.29%	69.10%	68.55%	67.49%
D&A For Ebitda	1	1	1	1	1
EBIT	1,011	975.39	922.41	917.37	889.85
EBIT Margin	68.78%	68.22%	69.02%	68.48%	67.42%
Funds From Operations (FFO)	746.77	726.13	697.73	689.9	652.01
FFO Per Share	1.03	1.00	0.96	0.95	0.92
Adjusted Funds From Operations (AFFO)	624.95	598.43	581.75	586.51	566.47
AFFO Per Share	0.86	0.83	0.80	0.81	0.80
FFO Payout Ratio	33.26%	33.75%	34.75%	35.11%	36.01%
Effective Tax Rate	-	0.00%	-	-	-

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