TSX:GRT.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	618.7	569.14	521.25	455.58	393.49
Revenue	618.7	569.14	521.25	455.58	393.49
Revenue Growth (YoY)	8.71%	9.19%	14.41%	15.78%	15.66%
Property Expenses	109.24	97.15	86.01	75.22	60.81
Total Property Expenses	109.24	97.15	86.01	75.22	60.81
Gross Profit	509.46	471.99	435.24	380.36	332.68
Selling, General & Admin	45.85	38.91	41.44	29.47	38.4
Depreciation & Amortization Expenses	1.19	1.29	1.27	1.6	1.32
Operating Income	462.42	431.79	392.53	349.3	292.96
Net Gains on Disposal of Properties	-1.98	-	-1.51	-0.67	-0.76
Interest Income	3.13	7.07	7.71	1.63	3.11
Interest Expense	-96.89	-89.9	-78.72	-50.97	-47.23
Other Non-Operating Income (Expense)	-5.38	43.79	-191.01	-207.13	1,303
Total Non-Operating Income (Expense)	-101.12	-39.03	-263.52	-257.14	1,258
Pretax Income	361.3	392.76	129.01	92.16	1,551
Provision for Income Taxes	-18.5	-30.87	9.49	-63.67	-240.57
Net Income	342.81	361.88	138.5	155.82	1,310
Minority Interest in Earnings	0.47	1.27	-	-	-
Net Income to Common	342.81	361.88	138.5	155.82	1,310
Net Income Growth	-5.27%	161.29%	-11.12%	-88.11%	204.77%
Shares Outstanding (Basic)	61	63	64	65	64
Shares Outstanding (Diluted)	61	63	64	65	64
Shares Change (YoY)	-2.80%	-1.09%	-2.14%	2.03%	12.88%
EPS (Basic)	5.58	5.46	4.99	4.44	3.93
EPS (Diluted)	5.58	5.44	4.97	4.43	3.93
EPS Growth	2.58%	9.46%	12.19%	12.72%	-48.17%
Free Cash Flow	359.36	287.41	181.94	9.51	162.5
Free Cash Flow Growth	25.03%	57.97%	1812.93%	-94.15%	-11.68%
Free Cash Flow Per Share	-	4.55	2.85	0.15	2.54
Dividends Per Share	3.412	3.320	3.209	3.123	3.008
Dividend Growth	2.77%	3.47%	2.74%	3.82%	3.01%
Gross Margin	82.34%	82.93%	83.50%	83.49%	84.55%
Operating Margin	74.74%	75.87%	75.30%	76.67%	74.45%
Profit Margin	61.39%	74.43%	22.93%	34.20%	455.26%
FCF Margin	58.08%	50.50%	34.90%	2.09%	41.30%
EBITDA	462.42	431.79	392.53	349.3	292.96
EBIT	462.42	431.79	392.53	349.3	292.96
EBIT Margin	74.74%	75.87%	75.30%	76.67%	74.45%
Effective Tax Rate	-5.12%	-7.86%	7.36%	-69.08%	-15.51%

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