Minto Apartment Real Estate Investment Trust (TSX:MI.UN)

TSX:MI.UN Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	155.74	157.09	157.93	143.79	123.55	124.93
Total Revenue	156.31	157.09	157.93	143.79	123.55	124.93
Revenue Growth (YoY	-1.04%	-0.53%	9.83%	16.38%	-1.11%	19.62%
Property Expenses	56.77	56.52	58.76	55.99	47.3	46.31
Selling, General & Administrative	10.05	10.06	10.45	9.3	7.6	6.63
Total Operating Expenses	66.01	64.99	69.8	63.05	55.04	52.69
Operating Income	90.3	92.1	88.13	80.74	68.51	72.24
Interest Expense	-51.68	-51.73	-56.23	-42.94	-34.45	-38.62
Interest & Investment Income	7.51	7.87	7.38	4.82	3.13	1.65
Other Non-Operating Income	21.31	76.89	-52.91	201.61	-32.21	65.67
EBT Excluding Unusual Items	67.44	125.13	-13.63	244.23	4.97	100.94
Gain (Loss) on Sale of Assets	-0.6	-0.62	-1.4	-	-	-
Asset Writedown	-3.02	-61.28	-101.63	-18.83	89.19	78.7
Pretax Income	63.82	63.24	-116.66	225.4	94.16	179.64
Net Income	63.82	63.24	-116.66	225.4	94.16	179.64
Net Income to Common	63.82	63.24	-116.66	225.4	94.16	179.64
Net Income Growth	-	-	-	139.38%	-47.58%	799.72%
Basic Shares Outstanding	37	40	40	40	40	36
Diluted Shares Outstanding	37	40	40	40	40	36
Shares Change (YoY)	-7.59%	-0.80%	0.03%	-0.46%	10.46%	-
EPS (Basic)	1.73	1.60	-2.92	5.65	2.35	4.95
EPS (Diluted)	1.73	1.60	-2.92	5.65	2.35	4.95
EPS Growth	-	-	-	140.47%	-52.55%	799.72%
Dividend Per Share	0.515	0.507	0.492	0.477	0.458	0.446
Dividend Growth	3.00%	3.05%	3.14%	4.17%	2.71%	5.63%
Operating Margin	57.77%	58.63%	55.80%	56.15%	55.45%	57.82%
Profit Margin	40.83%	40.26%	-73.87%	156.76%	76.22%	143.79%
EBIT	90.3	92.1	88.13	80.74	68.51	72.24
EBIT Margin	57.77%	58.63%	55.80%	56.15%	55.45%	57.82%
Funds From Operations (FFO)	62.48	64.72	55.26	54.18	48.53	49.98
Adjusted Funds From Operations (AFFO)	-	58.31	48.63	47.44	42.23	43.73
FFO Payout Ratio	32.22%	31.21%	35.46%	35.18%	34.74%	32.30%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.