Morguard Real Estate Investment Trust (TSX: MRT.UN)

MRT.UN Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	255.08	242.63	241.44	253.76	273.07
Revenue Growth (YoY)	5.13%	0.49%	-4.86%	-7.07%	-1.23%
Cost of Revenue	129.33	120.64	119.31	129.99	123.11
Gross Profit	125.74	121.99	122.13	123.78	149.96
Selling, General & Admin	3.61	3.53	3.85	3.59	4.27
Research & Development	-0	-0	0	-0	0
Other Operating Expenses	0.01	0.08	0.08	0.08	0.08
Operating Expenses	3.69	3.61	3.93	3.67	4.35
Operating Income	118.47	114.85	117.19	117.01	145.04
Interest Income	0	53.52	53.26	56.38	57.97
Interest Expense	61.15	51.97	51.33	54.67	56.35
Other Expense / Income	72.51	202.5	114.23	476.14	131.82
Pretax Income	-74.45	-86.1	4.89	-357.42	14.84
Income Tax	59.26	51.97	52.27	53.28	57.44
Net Income	-74.45	-138.06	-47.38	-410.7	-42.6
Shares Outstanding (Basic)	64	64	64	62	61
Shares Outstanding (Diluted)	64	64	64	62	61
Shares Change	0.10%	0.07%	3.27%	2.30%	-18.05%
EPS (Basic)	-1.16	-2.15	-0.74	-6.61	-0.70
EPS (Diluted)	-1.16	-2.15	-0.74	-6.61	-0.70
Free Cash Flow	27.28	41.55	63.14	15.1	37.03
Free Cash Flow Per Share	0.42	0.65	0.98	0.24	0.61
Gross Margin	49.30%	50.28%	50.58%	48.78%	54.92%
Operating Margin	46.44%	47.33%	48.54%	46.11%	53.11%
Profit Margin	-29.19%	-56.90%	-19.62%	-161.84%	-15.60%
Free Cash Flow Margin	10.70%	17.12%	26.15%	5.95%	13.56%
Effective Tax Rate	-	-	1069.95%	-	387.08%
EBITDA	118.54	114.93	117.27	117.1	145.13
EBITDA Margin	46.47%	47.37%	48.57%	46.14%	53.15%
Depreciation & Amortization	0.08	0.08	0.08	0.08	0.08
EBIT	118.47	114.85	117.19	117.01	145.04
EBIT Margin	46.44%	47.33%	48.54%	46.11%	53.11%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.