TSX:MRT.UN Cash Flow 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
Net Income	-16.56	-58.82	-74.45	-86.1	4.89
Depreciation & Amortization	0.07	0.08	0.08	0.08	0.08
Other Amortization	3.18	2.84	2.13	1.89	2.39
Asset Writedown	61.56	114.45	131.77	148.98	60.97
Income (Loss) on Equity Investments	0.79	3.55	3.9	6.92	1.92
Change in Accounts Receivable	-1.94	1.29	6.4	-3.47	15.49
Change in Accounts Payable	1.07	0.67	5.2	8.67	-2.96
Change in Other Net Operating Assets	-0.64	-2.21	-0.03	-0.84	0.27
Other Operating Activities	-7.11	-6.64	-8.69	-2.17	-2.87
Operating Cash Flow	40.41	55.19	66.32	73.97	80.19
Operating Cash Flow Growth	-26.78%	-16.78%	-10.34%	-7.76%	70.91%
Acquisition of Real Estate Assets	-36.33	-43.07	-39.04	-32.42	-17.45
Sale of Real Estate Assets	-	37.05	-	-	14.5
Net Sale / Acq. of Real Estate Assets	-36.33	-6.02	-39.04	-32.42	-2.95
Investing Cash Flow	-36.33	-6.02	-39.04	-32.42	-2.95
Short-Term Debt Issued	53	149.34	67	48.1	-
Long-Term Debt Issued	146.47	290.9	286.53	132.69	363.75
Total Debt Issued	199.47	440.24	353.53	180.78	363.75
Short-Term Debt Repaid	-18.11	-125	-43.89	-	-39.89
Long-Term Debt Repaid	-181.79	-345.76	-322.67	-207.5	-381.11
Total Debt Repaid	-199.89	-470.76	-366.55	-207.5	-421
Net Debt Issued (Repaid)	-0.42	-30.52	-13.02	-26.71	-57.25
Common Dividends Paid	-3.78	-15.3	-15.2	-16.03	-16.47
Other Financing Activities	-0.69	-2.74	-1.5	-0.37	-0.9
Net Cash Flow	-0.81	0.62	-2.43	-1.56	2.62
Cash Interest Paid	60.2	63.81	60.56	51.72	50.09
Levered Free Cash Flow	35.83	36.29	51.3	47.09	58.08
Unlevered Free Cash Flow	73.08	75.86	88.89	78.98	89.43
Change in Working Capital	-1.51	-0.25	11.57	4.36	12.8

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.