InterRent Real Estate Investment Trust (TSX: IIP.UN)

IIP.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	245.53	237.14	216.4	185.15	159.96	145.3
Other Revenue	0.04	3.83	0.04	0.04	0.04	0.02
Total Revenue	245.57	240.97	216.44	185.19	160	145.33
Revenue Growth (YoY	4.03%	11.33%	16.87%	15.75%	10.09%	14.17%
Property Expenses	82.01	81.52	77.98	67.49	57.82	49.11
Selling, General & Administrative	17.35	16.62	14.68	13.22	11.6	11.33
Total Operating Expenses	99.28	99.64	73.58	97.96	57.33	74.91
Operating Income	146.29	141.33	142.86	87.23	102.67	70.42
Interest Expense	-65.25	-63.67	-48.27	-33.97	-30.02	-29.39
Interest & Investment Income	1.18	0.65	0.48	0.39	0.64	0.49
Currency Exchange Gain (Loss)	-0.42	-0.42	-	-	-	-
Other Non-Operating Income	3.04	2.44	17.22	-11.17	7.26	-8.41
EBT Excluding Unusual Items	84.82	80.32	112.28	42.48	80.54	33.1
Gain (Loss) on Sale of Assets	-1.66	-0.03	-	-	-	-0.68
Asset Writedown	-104.44	11.95	-8.33	327.21	70.11	353.16
Other Unusual Items	-	-	-	-	-	-0.7
Pretax Income	-21.27	92.24	103.96	369.69	150.65	384.89
Net Income	-21.27	92.24	103.96	369.69	150.65	384.89
Net Income to Common	-21.27	92.24	103.96	369.69	150.65	384.89
Net Income Growth	-	-11.27%	-71.88%	145.40%	-60.86%	128.70%
Basic Shares Outstanding	147	143	141	139	131	113
Diluted Shares Outstanding	147	146	144	139	131	113
Shares Change (YoY)	2.88%	1.17%	3.83%	6.13%	15.53%	17.06%
EPS (Basic)	-0.14	0.64	0.74	2.66	1.15	3.39
EPS (Diluted)	-0.14	0.63	0.72	2.66	1.15	3.39
EPS Growth	-	-12.30%	-72.92%	131.23%	-66.12%	95.36%
Dividend Per Share	0.377	0.363	0.345	0.328	0.313	0.293
Dividend Growth	5.02%	5.22%	5.10%	5.01%	6.56%	7.32%
Operating Margin	59.57%	58.65%	66.00%	47.10%	64.17%	48.45%
Profit Margin	-8.66%	38.28%	48.03%	199.63%	94.16%	264.85%
Free Cash Flow Margin	28.15%	37.19%	42.13%	51.85%	38.72%	49.95%
EBITDA	147.02	142.31	144.11	88.14	103.31	70.95
EBITDA Margin	59.87%	59.06%	66.58%	47.59%	64.57%	48.82%
D&A For Ebitda	0.74	0.99	1.26	0.91	0.64	0.53
EBIT	146.29	141.33	142.86	87.23	102.67	70.42
EBIT Margin	59.57%	58.65%	66.00%	47.10%	64.17%	48.45%
Funds From Operations (FFO)	88.41	80.6	76.93	72.83	62.87	56.71
FFO Per Share	0.60	0.55	0.53	0.51	0.47	0.48
Adjusted Funds From Operations (AFFO)	-	70.4	67.37	64.93	55.58	50.3
AFFO Per Share	-	0.48	0.47	0.46	0.41	0.43
FFO Payout Ratio	40.07%	38.54%	39.25%	38.94%	41.23%	36.94%

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