TSX:MI.UN Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	154.98	157.09	157.93	143.79	123.55	124.93
Total Revenue	153.49	157.09	157.93	143.79	123.55	124.93
Revenue Growth (YoY	-2.82%	-0.53%	9.83%	16.38%	-1.11%	19.62%
Property Expenses	56.82	56.52	58.76	55.99	47.3	46.31
Selling, General & Administrative	9.72	10.06	10.45	9.3	7.6	6.63
Total Operating Expenses	64.43	64.99	69.8	63.05	55.04	52.69
Operating Income	89.06	92.1	88.13	80.74	68.51	72.24
Interest Expense	-55.25	-51.73	-56.23	-42.94	-34.45	-38.62
Interest & Investment Income	7.09	7.87	7.38	4.82	3.13	1.65
Other Non-Operating Income	84.2	76.89	-52.91	201.61	-32.21	65.67
EBT Excluding Unusual Items	125.11	125.13	-13.63	244.23	4.97	100.94
Gain (Loss) on Sale of Assets	-0.6	-0.62	-1.4	-	-	-
Total Insurance Settlements	-0.88	-	-	-	-	-
Asset Writedown	-48.16	-61.28	-101.63	-18.83	89.19	78.7
Pretax Income	75.46	63.24	-116.66	225.4	94.16	179.64
Net Income	75.46	63.24	-116.66	225.4	94.16	179.64
Net Income to Common	75.46	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)	-8.23%	-0.80%	0.03%	-0.46%	10.46%	-
EPS (Basic)	2.06	1.60	-2.92	5.65	2.35	4.95
EPS (Diluted)	2.06	1.60	-2.92	5.65	2.35	4.95
EPS Growth	-	-	-	140.47%	-52.55%	799.72%
Dividend Per Share	0.519	0.507	0.492	0.477	0.458	0.446
Dividend Growth	2.98%	3.05%	3.14%	4.17%	2.71%	5.63%
Operating Margin	58.02%	58.63%	55.80%	56.15%	55.45%	57.82%
Profit Margin	49.16%	40.26%	-73.87%	156.76%	76.22%	143.79%
EBIT	89.06	92.1	88.13	80.74	68.51	72.24
EBIT Margin	58.02%	58.63%	55.80%	56.15%	55.45%	57.82%
Funds From Operations (FFO)	61.54	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	32.28%	31.21%	35.46%	35.18%	34.74%	32.30%

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