TSX:NWH.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
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
Rental Revenue	417.64	462.4	508	452.2	374.61	373.82
Property Management Fees	15.2	15.15	15.36	15.88	16.55	11.67
Other Revenue	1.93	-30.73	-19.23	11.97	107.48	52.09
Total Revenue	451.81	465.67	522.68	493.46	503.24	439.52
Revenue Growth (YoY	-6.52%	-10.91%	5.92%	-1.94%	14.50%	19.81%
Property Expenses	107.25	113	121.37	103.85	85.09	88.02
Selling, General & Administrative	55.42	54.37	57.57	47.87	40.2	29.44
Other Operating Expenses	-	-	-	-0.32	-0.91	-
Total Operating Expenses	159.77	163.68	168.13	141.16	127.06	119.14
Operating Income	292.05	301.99	354.55	352.3	376.18	320.39
Interest Expense	-143.29	-213.11	-243.76	-107.86	-66.7	-120.02
Currency Exchange Gain (Loss)	25.28	33.93	-2.51	9.26	14.74	-20.51
Other Non-Operating Income	-34.78	-68.56	15.43	-14.78	-56.76	-5.26
EBT Excluding Unusual Items	139.25	54.25	123.72	238.91	267.46	174.6
Merger & Restructuring Charges	-16.69	-16.69	-38.75	-28.36	-37.98	-34.93
Gain (Loss) on Sale of Assets	-8.36	-34.67	-12.24	-	-	-
Asset Writedown	-53.87	-368.79	-571.76	-28.8	513.99	174.42
Other Unusual Items	18.33	-	-	17.21	-3.99	2.33
Pretax Income	74.96	-369.71	-499.03	198.96	739.47	316.41
Income Tax Expense	23.78	-49.51	-18.29	79.3	124.23	14.82
Earnings From Continuing Operations	51.19	-320.2	-480.74	119.66	615.24	301.59
Earnings From Discontinued Operations	-	-	-	-	51.35	-
Net Income to Company	51.19	-320.2	-480.74	119.66	666.59	301.59
Minority Interest in Earnings	-1.49	20.45	133.05	-61.33	-228.31	-67.06
Net Income	49.7	-299.76	-347.69	58.33	438.28	234.53
Net Income to Common	49.7	-299.76	-347.69	58.33	438.28	234.53
Net Income Growth	-	-	-	-86.69%	86.88%	321.21%
Basic Shares Outstanding	250	248	243	241	224	176
Diluted Shares Outstanding	250	248	243	241	224	176
Shares Change (YoY)	1.14%	1.85%	1.10%	7.37%	27.36%	14.55%
EPS (Basic)	0.20	-1.21	-1.43	0.24	1.96	1.33
EPS (Diluted)	0.20	-1.21	-1.43	0.24	1.96	1.33
EPS Growth	-	-	-	-87.61%	46.73%	267.71%
Dividend Per Share	0.360	0.360	0.650	0.800	0.800	0.800
Dividend Growth	-	-44.62%	-18.75%	-	-	-
Operating Margin	64.64%	64.85%	67.83%	71.39%	74.75%	72.89%
Profit Margin	11.00%	-64.37%	-66.52%	11.82%	87.09%	53.36%
EBITDA	294.25	305.66	355.82	353.69	377.56	321.97
EBITDA Margin	65.13%	65.64%	68.08%	71.68%	75.03%	73.25%
D&A For Ebitda	2.2	3.67	1.27	1.4	1.38	1.58
EBIT	292.05	301.99	354.55	352.3	376.18	320.39
EBIT Margin	64.64%	64.85%	67.83%	71.39%	74.75%	72.89%
Funds From Operations (FFO)	102.49	88.87	141.38	168.17	177.65	152.29
FFO Per Share	0.41	0.36	0.57	0.70	0.84	0.83
Adjusted Funds From Operations (AFFO)	-	95.65	137.76	172.66	178.96	150.27
AFFO Per Share	-	0.39	0.56	0.72	0.85	0.82
FFO Payout Ratio	74.98%	88.25%	105.22%	92.01%	76.76%	85.33%
Effective Tax Rate	31.72%	-	-	39.86%	16.80%	4.68%

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