TSX:MRT.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	2015 - 2019
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	2015 - 2019
Rental Revenue	243.77	259.17	255.08	242.63	241.44	253.76	Upgrade
Other Revenue	2	1.77	1.77	2.11	2.08	3.23	Upgrade
Total Revenue	245.77	260.95	256.84	244.73	243.52	257	Upgrade
Revenue Growth (YoY	-5.22%	1.60%	4.95%	0.50%	-5.24%	-7.00%	Upgrade
Property Expenses	127.67	130.71	129.1	120.43	119.31	129.99	Upgrade
Selling, General & Administrative	3.85	3.75	3.84	3.74	3.85	3.59	Upgrade
Total Operating Expenses	131.6	134.54	133.02	124.25	123.24	133.66	Upgrade
Operating Income	114.17	126.41	123.82	120.48	120.28	123.34	Upgrade
Interest Expense	-64.26	-67.38	-62.85	-53.52	-53.28	-56.38	Upgrade
Interest & Investment Income	-	-	-	-	0.02	-	Upgrade
Other Non-Operating Income	0.11	0.02	0.01	1.05	1.99	-	Upgrade
EBT Excluding Unusual Items	50.03	59.05	60.99	68.01	69.01	66.97	Upgrade
Gain (Loss) on Sale of Investments	-3.35	-3.43	-3.67	-5.13	-3.16	-4.62	Upgrade
Asset Writedown	-90.77	-114.45	-131.77	-148.98	-60.97	-419.77	Upgrade
Pretax Income	-44.09	-58.82	-74.45	-86.1	4.89	-357.42	Upgrade
Net Income	-44.09	-58.82	-74.45	-86.1	4.89	-357.42	Upgrade
Net Income to Common	-44.09	-58.82	-74.45	-86.1	4.89	-357.42	Upgrade
Basic Shares Outstanding	65	64	64	64	64	62	Upgrade
Diluted Shares Outstanding	65	64	64	64	64	62	Upgrade
Shares Change (YoY)	0.74%	0.05%	0.10%	0.07%	3.27%	2.30%	Upgrade
EPS (Basic)	-0.68	-0.92	-1.16	-1.34	0.08	-5.75	Upgrade
EPS (Diluted)	-0.69	-0.92	-1.16	-1.34	0.08	-5.75	Upgrade
Dividend Per Share	0.240	0.240	0.240	0.240	0.260	0.640	Upgrade
Dividend Growth	-	-	-	-7.69%	-59.38%	-33.33%	Upgrade
Operating Margin	46.45%	48.44%	48.21%	49.23%	49.39%	47.99%	Upgrade
Profit Margin	-17.94%	-22.54%	-28.98%	-35.18%	2.01%	-139.08%	Upgrade
EBITDA	114.24	126.49	123.9	120.56	120.36	123.42	Upgrade
EBITDA Margin	46.48%	48.47%	48.24%	49.26%	49.43%	48.02%	Upgrade
D&A For Ebitda	0.07	0.08	0.08	0.08	0.08	0.08	Upgrade
EBIT	114.17	126.41	123.82	120.48	120.28	123.34	Upgrade
EBIT Margin	46.45%	48.44%	48.21%	49.23%	49.39%	47.99%	Upgrade
Funds From Operations (FFO)	49.94	58.97	60.9	-	-	-	Upgrade
FFO Per Share	0.68	0.80	0.82	-	-	-	Upgrade
Adjusted Funds From Operations (AFFO)	-	34.67	36.97	-	-	-	Upgrade
AFFO Per Share	0.31	0.51	0.54	-	-	-	Upgrade
FFO Payout Ratio	15.92%	25.94%	24.96%	-	-	-	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.