TSX:MRT.UN Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	239.34	259.17	255.08	242.63	241.44
Revenue	239.34	259.17	255.08	242.63	241.44
Revenue Growth (YoY)	-7.65%	1.61%	5.13%	0.49%	-4.86%
Property Expenses	84.16	81.54	80.81	77.13	70.69
Total Property Expenses	84.16	81.54	80.81	77.13	70.69
Property Taxes	43.35	49.17	48.3	43.3	48.62
Gross Profit	111.82	128.46	125.97	122.2	122.13
Selling, General & Admin	3.9	3.75	3.84	3.74	3.85
Depreciation & Amortization Expenses	0.07	0.08	0.08	0.08	0.08
Operating Income	107.85	124.64	122.05	118.38	118.2
Interest Income	0.52	-1.65	-1.9	-3.02	-1.08
Interest Expense	63.46	67.38	62.85	53.52	53.28
Other Non-Operating Income (Expense)	-61.47	-114.43	-131.75	-147.93	-58.96
Total Non-Operating Income (Expense)	2.52	-48.7	-70.81	-97.43	-6.75
Pretax Income	110.36	75.93	51.25	20.95	111.45
Net Income	-16.56	-58.82	-74.45	20.95	111.45
Net Income to Common	-16.56	-58.82	-74.45	20.95	111.45
Net Income Growth	-	-	-	-81.20%	-
Shares Outstanding (Basic)	65	64	64	64	64
Shares Outstanding (Diluted)	65	64	64	64	64
Shares Change (YoY)	1.40%	0.05%	0.10%	0.07%	3.27%
EPS (Basic)	-0.25	-0.92	-1.16	-1.34	0.08
EPS (Diluted)	-0.25	-0.92	-1.16	-1.34	0.08
Free Cash Flow	4.08	12.12	27.28	41.55	63.14
Free Cash Flow Growth	-66.38%	-55.56%	-34.34%	-34.19%	318.04%
Free Cash Flow Per Share	0.06	0.19	0.42	0.65	0.98
Dividends Per Share	0.240	0.240	0.240	0.240	0.260
Dividend Growth	-	-	-	-7.69%	-59.38%
Gross Margin	46.72%	49.57%	49.39%	50.36%	50.58%
Operating Margin	45.06%	48.09%	47.85%	48.79%	48.96%
Profit Margin	46.11%	29.30%	20.09%	8.63%	46.16%
FCF Margin	1.70%	4.68%	10.70%	17.12%	26.15%
EBITDA	171.59	245.69	260.18	274.53	118.2
EBITDA Margin	71.69%	94.80%	102.00%	113.15%	48.96%
EBIT	107.85	124.64	122.05	118.38	118.2
EBIT Margin	45.06%	48.09%	47.85%	48.79%	48.96%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.