TSX:IIP.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	249.11	246.25	237.14	216.4	185.15
Revenue	249.11	246.25	237.14	216.4	185.15
Revenue Growth (YoY)	1.16%	3.84%	9.58%	16.88%	15.75%
Property Expenses	58.1	55.49	56.06	54.13	45.63
Total Property Expenses	58.1	55.49	56.06	54.13	45.63
Property Taxes	26.11	25.83	25.46	23.85	21.86
Gross Profit	164.9	164.94	155.61	138.42	117.66
Selling, General & Admin	32.98	17.47	16.62	14.68	13.22
Operating Income	131.92	147.47	139	123.74	104.44
Net Gains on Disposal of Properties	-2.34	-1.49	-0.03	-	-
Interest Income	2.88	2.07	5.83	1.26	0.64
Interest Expense	-60.16	-57.29	-58.97	-46.44	-30.77
Other Non-Operating Income (Expense)	-51.57	-244.03	9.18	28.2	297.98
Total Non-Operating Income (Expense)	-111.19	-300.74	-44	-16.98	267.85
Pretax Income	20.73	-153.27	95	106.76	372.3
Net Income	18.5	-155.65	92.24	103.96	369.69
Net Income Attributable to Preferred Dividends	2.24	2.37	2.76	2.8	2.61
Net Income to Common	18.5	-155.65	92.24	103.96	369.69
Net Income Growth	-	-	-11.27%	-71.88%	145.40%
Shares Outstanding (Basic)	142	148	167	195	725
Shares Outstanding (Diluted)	142	148	167	195	725
Shares Change (YoY)	-3.46%	-11.89%	-14.33%	-73.04%	124.23%
EPS (Basic)	0.13	0.61	0.55	0.53	0.51
EPS (Diluted)	0.13	0.61	0.55	0.53	0.51
EPS Growth	-78.78%	11.07%	3.57%	4.31%	9.44%
Free Cash Flow	2.95	-51.92	-18.88	-104.51	-507.1
Dividends Per Share	0.397	0.381	0.363	0.345	0.328
Dividend Growth	4.12%	5.01%	5.22%	5.10%	5.01%
Gross Margin	66.19%	66.98%	65.62%	63.97%	63.55%
Operating Margin	52.96%	59.88%	58.62%	57.18%	56.41%
Profit Margin	8.32%	-62.24%	40.06%	49.34%	201.08%
FCF Margin	1.19%	-21.08%	-7.96%	-48.30%	-273.89%
EBITDA	132.9	148.24	139.99	125	105.35
EBITDA Margin	53.35%	60.20%	59.03%	57.76%	56.90%
EBIT	131.92	147.47	139	123.74	104.44
EBIT Margin	52.96%	59.88%	58.62%	57.18%	56.41%

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