TSX:HOT.UN Income Statement

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

Millions USD. 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	172.11	237.74	261.58	266.42	232.15
Service and Other Revenue	15.68	19.15	18.94	14.95	9.16
Revenue	187.78	256.88	280.52	281.37	241.31
Revenue Growth (YoY)	-26.90%	-8.43%	-0.30%	16.60%	38.00%
Property Expenses	126.12	164.85	178.36	173.66	134.82
Total Property Expenses	126.12	164.85	178.36	173.66	134.82
Property Taxes	12.32	18.62	18.79	18.55	17.57
Gross Profit	49.35	73.42	83.37	89.15	88.92
Selling, General & Admin	12.65	13.96	18.64	17.86	18.11
Depreciation & Amortization Expenses	21.66	29.54	34.95	37.95	43.09
Other Operating Expenses	43.46	29.87	86.43	49	15.17
Operating Income	-28.42	0.05	-56.65	-15.66	12.55
Net Gains on Disposal of Properties	-7.3	5.6	1.52	1.15	-
Interest Income	0.36	0.23	0.11	0.11	0.11
Interest Expense	-33.11	-40.16	-36.11	-31.62	-40.45
Other Non-Operating Income (Expense)	0.15	4.94	13.63	10.4	14.77
Total Non-Operating Income (Expense)	-39.9	-29.4	-20.84	-19.95	-25.57
Pretax Income	-68.32	-29.36	-77.49	-35.61	-13.03
Provision for Income Taxes	-1.1	-8.14	0.63	0.66	-1.27
Net Income	-73.96	-46.98	-81.49	-39.64	-15.61
Minority Interest in Earnings	4.63	4.92	4.06	4.06	3.74
Earnings From Discontinued Operations	-	-	-	0.47	0.02
Net Income to Common	-73.96	-46.98	-81.49	-39.64	-15.61
Shares Outstanding (Basic)	77	79	79	79	79
Shares Outstanding (Diluted)	77	79	79	79	89
Shares Change (YoY)	-2.91%	0.41%	-0.44%	-11.03%	13.40%
EPS (Basic)	-0.96	-0.59	-1.03	-0.46	-0.15
EPS (Diluted)	-0.96	-0.59	-1.03	-0.46	-0.15
Shares Outstanding	71.97	79.23	79.03	78.8	78.72
Free Cash Flow	-6	0.63	-1.41	16.66	11.75
Free Cash Flow Growth	-	-	-	41.85%	-
Free Cash Flow Per Share	-0.08	0.01	-0.02	0.21	0.13
Dividends Per Share	-	-	0.150	-	-
Gross Margin	26.28%	28.58%	29.72%	31.69%	36.85%
Operating Margin	-15.14%	0.02%	-20.19%	-5.57%	5.20%
Profit Margin	-35.80%	-8.26%	-27.85%	-12.48%	7.62%
FCF Margin	-3.19%	0.25%	-0.50%	5.92%	4.87%
EBITDA	-6.77	29.58	-21.7	22.29	55.63
EBITDA Margin	-3.60%	11.52%	-7.74%	7.92%	23.05%
EBIT	-28.42	0.05	-56.65	-15.66	12.55
EBIT Margin	-15.14%	0.02%	-20.19%	-5.57%	5.20%
Effective Tax Rate	1.62%	27.73%	-0.81%	-1.85%	9.73%

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