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	2016 - 2020
Period Ending	Mar '25 Mar 31, 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	2016 - 2020
Rental Revenue	255.12	259.17	255.08	242.63	241.44	253.76	Upgrade
Other Revenue	1.78	1.77	1.77	2.11	2.08	3.23	Upgrade
Total Revenue	256.91	260.95	256.84	244.73	243.52	257	Upgrade
Revenue Growth (YoY	0.23%	1.60%	4.95%	0.50%	-5.24%	-7.00%	Upgrade
Property Expenses	131.87	130.71	129.1	120.43	119.31	129.99	Upgrade
Selling, General & Administrative	3.68	3.75	3.84	3.74	3.85	3.59	Upgrade
Total Operating Expenses	135.65	134.54	133.02	124.25	123.24	133.66	Upgrade
Operating Income	121.26	126.41	123.82	120.48	120.28	123.34	Upgrade
Interest Expense	-66.52	-67.38	-62.85	-53.52	-53.28	-56.38	Upgrade
Interest & Investment Income	-	-	-	-	0.02	-	Upgrade
Other Non-Operating Income	0.05	0.02	0.01	1.05	1.99	-	Upgrade
EBT Excluding Unusual Items	54.79	59.05	60.99	68.01	69.01	66.97	Upgrade
Gain (Loss) on Sale of Investments	-3.4	-3.43	-3.67	-5.13	-3.16	-4.62	Upgrade
Asset Writedown	-85.11	-114.45	-131.77	-148.98	-60.97	-419.77	Upgrade
Pretax Income	-33.71	-58.82	-74.45	-86.1	4.89	-357.42	Upgrade
Net Income	-33.71	-58.82	-74.45	-86.1	4.89	-357.42	Upgrade
Net Income to Common	-33.71	-58.82	-74.45	-86.1	4.89	-357.42	Upgrade
Basic Shares Outstanding	64	64	64	64	64	62	Upgrade
Diluted Shares Outstanding	64	64	64	64	64	62	Upgrade
Shares Change (YoY)	0.08%	0.05%	0.10%	0.07%	3.27%	2.30%	Upgrade
EPS (Basic)	-0.52	-0.92	-1.16	-1.34	0.08	-5.75	Upgrade
EPS (Diluted)	-0.53	-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	47.20%	48.44%	48.21%	49.23%	49.39%	47.99%	Upgrade
Profit Margin	-13.12%	-22.54%	-28.98%	-35.18%	2.01%	-139.08%	Upgrade
EBITDA	-	126.49	123.9	120.56	120.36	123.42	Upgrade
EBITDA Margin	-	48.47%	48.24%	49.26%	49.43%	48.02%	Upgrade
D&A For Ebitda	-	0.08	0.08	0.08	0.08	0.08	Upgrade
EBIT	121.26	126.41	123.82	120.48	120.28	123.34	Upgrade
EBIT Margin	47.20%	48.44%	48.21%	49.23%	49.39%	47.99%	Upgrade
Funds From Operations (FFO)	54.72	58.97	60.9	-	-	-	Upgrade
FFO Per Share	0.74	0.80	0.82	-	-	-	Upgrade
Adjusted Funds From Operations (AFFO)	-	34.67	36.97	-	-	-	Upgrade
AFFO Per Share	0.43	0.51	0.54	-	-	-	Upgrade
FFO Payout Ratio	25.59%	25.94%	24.96%	-	-	-	Upgrade

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.