Killam Apartment REIT 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	383.4	364.65	348.15	328.85	290.92
Revenue	383.4	364.65	348.15	328.85	290.92
Revenue Growth (YoY)	5.14%	4.74%	5.87%	13.04%	11.17%
Property Expenses	84.95	83.24	84.88	82.41	72.17
Total Property Expenses	84.95	83.24	84.88	82.41	72.17
Property Taxes	43.63	40.93	39.23	39.52	35.52
Gross Profit	254.83	240.48	224.04	206.91	183.24
Selling, General & Admin	21.74	20.28	19.3	17.15	15.99
Depreciation & Amortization Expenses	1.02	1.07	0.67	0.57	0.57
Other Operating Expenses	0.47	5.9	-	-	-
Operating Income	231.61	213.23	204.07	189.19	166.67
Net Gains on Disposal of Properties	-2.52	-3.68	-4.02	-	-
Interest Income	2.23	2.39	1.81	1.8	1.06
Interest Expense	-84.45	-79.71	-69.4	-61.5	-51.52
Other Non-Operating Income (Expense)	-117.45	256.64	167.03	11.86	211.71
Total Non-Operating Income (Expense)	-202.2	175.64	95.42	-47.84	161.25
Pretax Income	29.41	388.87	299.49	141.35	327.92
Provision for Income Taxes	-	-278.98	33.16	18.81	42.39
Net Income	29.41	667.84	266.32	122.52	285.51
Minority Interest in Earnings	-	-	0.01	0.02	0.01
Net Income to Common	29.41	667.84	266.32	122.52	285.51
Net Income Growth	-95.60%	150.76%	117.38%	-57.09%	95.53%
Shares Outstanding (Basic)	124	123	122	120	111
Shares Outstanding (Diluted)	125	123	122	120	112
Shares Change (YoY)	1.16%	1.21%	1.65%	7.21%	6.82%
EPS (Basic)	0.24	5.43	2.19	1.11	0.90
EPS (Diluted)	0.24	5.42	2.19	1.11	0.90
EPS Growth	-95.65%	147.78%	97.22%	23.33%	-10.00%
Free Cash Flow	-83.31	-2.97	-21.75	-154.47	-352.3
Free Cash Flow Per Share	-0.67	-0.02	-0.18	-1.29	-3.16
Dividends Per Share	0.720	0.703	0.700	0.700	0.687
Dividend Growth	2.38%	0.48%	-	1.93%	1.47%
Gross Margin	66.47%	65.95%	64.35%	62.92%	62.99%
Operating Margin	60.41%	58.48%	58.62%	57.53%	57.29%
Profit Margin	7.67%	183.15%	76.50%	37.26%	98.15%
FCF Margin	-21.73%	-0.81%	-6.25%	-46.97%	-121.10%
EBITDA	232.63	214.3	204.74	189.76	167.25
EBITDA Margin	60.67%	58.77%	58.81%	57.70%	57.49%
EBIT	231.61	213.23	204.07	189.19	166.67
EBIT Margin	60.41%	58.48%	58.62%	57.53%	57.29%
Effective Tax Rate	0.00%	-71.74%	11.07%	13.31%	12.93%

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