Nexus Industrial REIT 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	174.95	175.7	157.65	137.12	83.56
Revenue	174.95	175.7	157.65	137.12	83.56
Revenue Growth (YoY)	-0.43%	11.45%	14.97%	64.10%	36.12%
Property Expenses	45.51	49.83	45.68	41.31	27.61
Total Property Expenses	45.51	49.83	45.68	41.31	27.61
Gross Profit	129.44	125.87	111.97	95.81	55.95
Selling, General & Admin	8.66	7.81	8.66	6.52	4.86
Other Operating Expenses	6.57	45.25	108.36	67.21	63.89
Operating Income	114.2	72.8	-5.05	22.08	-12.8
Net Gains on Disposal of Properties	-0.7	-1.46	-0.81	-0.71	-0.59
Interest Income	-	-	1.51	5.3	0.92
Interest Expense	-135.97	-140.29	-110.78	-84.34	-48.32
Other Non-Operating Income (Expense)	0.88	-0.83	3.03	1.95	2.38
Total Non-Operating Income (Expense)	-135.79	-142.57	-107.04	-77.8	-45.61
Pretax Income	-21.58	-69.77	-112.09	-55.72	-58.41
Net Income	59.55	90.88	160.03	120.87	93.54
Net Income to Common	59.55	90.88	160.03	120.87	93.54
Net Income Growth	-34.48%	-43.21%	32.40%	29.22%	165.47%
Shares Outstanding (Basic)	72	94	90	79	52
Shares Outstanding (Diluted)	72	94	90	79	52
Shares Change (YoY)	-23.64%	4.62%	13.13%	52.48%	58.35%
EPS (Basic)	0.83	0.97	1.78	1.52	1.80
EPS (Diluted)	0.83	0.97	1.78	1.52	1.80
EPS Growth	-14.20%	-45.72%	17.04%	-15.25%	67.65%
Free Cash Flow	-56.62	-111.07	-322.53	-281.92	-457.55
Free Cash Flow Per Share	-	-1.18	-3.59	-3.55	-8.79
Dividends Per Share	0.640	0.640	0.640	0.640	0.640
Dividend Growth	-	-	-0.01%	0.01%	0.02%
Gross Margin	73.98%	71.64%	71.03%	69.87%	66.96%
Operating Margin	65.28%	41.44%	-3.20%	16.10%	-15.31%
Profit Margin	-12.34%	-39.71%	-71.10%	-40.64%	-69.90%
FCF Margin	-32.36%	-63.22%	-204.58%	-205.60%	-547.58%
EBITDA	117.5	75.74	-2.6	23.89	-11.59
EBITDA Margin	67.16%	43.11%	-1.65%	17.43%	-13.87%
EBIT	114.2	72.8	-5.05	22.08	-12.8
EBIT Margin	65.28%	41.44%	-3.20%	16.10%	-15.31%

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