TSX:MI.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	154.46	157.09	157.93	143.79	123.55
Revenue	154.46	157.09	157.93	143.79	123.55
Revenue Growth (YoY)	-1.68%	-0.53%	9.83%	16.38%	-1.11%
Property Expenses	41.26	40.76	42.57	40.88	33.98
Total Property Expenses	56.5	56.52	58.76	55.99	47.3
Property Taxes	15.24	15.76	16.19	15.12	13.32
Gross Profit	97.96	100.57	99.17	87.8	76.25
Selling, General & Admin	13.99	10.06	10.45	9.3	7.6
Operating Income	83.97	90.51	88.72	78.49	68.65
Net Gains on Disposal of Properties	-0.6	-0.62	-1.4	-	-
Interest Expense	-58.36	-58.06	-64.05	-49.41	-38.44
Other Non-Operating Income (Expense)	-283.07	15.66	-154.69	186.68	57.7
Total Non-Operating Income (Expense)	-342.03	-43.02	-220.14	137.27	19.26
Pretax Income	-258.07	47.49	-131.42	215.76	87.9
Net Income	-244.23	63.24	-116.66	225.4	94.16
Net Income to Common	-244.23	63.24	-116.66	225.4	94.16
Net Income Growth	-	-	-	139.38%	-47.58%
Shares Outstanding (Basic)	37	66	66	65	60
Shares Outstanding (Diluted)	37	66	66	65	60
Shares Change (YoY)	-44.20%	-0.00%	1.22%	8.63%	1.13%
EPS (Basic)	-6.67	0.96	0.84	0.84	0.81
EPS (Diluted)	-6.67	0.96	0.84	0.84	0.81
EPS Growth	-	14.45%	0.77%	2.77%	-3.98%
Shares Outstanding	36.63	39.58	39.9	39.89	40.07
Free Cash Flow	6.58	15.55	23.74	-13.02	-62.8
Free Cash Flow Growth	-57.69%	-34.49%	-	-	-
Free Cash Flow Per Share	-	0.24	0.36	-0.20	-1.05
Dividends Per Share	0.522	0.507	0.492	0.477	0.458
Dividend Growth	2.96%	3.05%	3.14%	4.17%	2.71%
Gross Margin	63.42%	64.02%	62.79%	61.06%	61.71%
Operating Margin	54.36%	57.62%	56.18%	54.59%	55.56%
Profit Margin	-167.08%	30.23%	-83.22%	150.05%	71.15%
FCF Margin	4.26%	9.90%	15.03%	-9.05%	-50.83%
EBITDA	83.97	90.51	88.72	78.49	68.65
EBIT	83.97	90.51	88.72	78.49	68.65
EBIT Margin	54.36%	57.62%	56.18%	54.59%	55.56%

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