Plaza Retail REIT (TSX: PLZ.UN)

Plaza Retail REIT Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	115.29	114.06	111.25	110.63	106.9	112.46
Other Revenue	4.92	3.29	3.69	3.97	-1.31	1.23
Total Revenue	120.21	117.35	114.94	114.61	105.59	113.69
Revenue Growth (YoY	7.85%	2.10%	0.29%	8.54%	-7.12%	10.89%
Property Expenses	43.7	43.71	40.66	38.85	38.68	39.73
Selling, General & Administrative	8.92	8.3	7.87	7.05	9.07	9.91
Total Operating Expenses	52.62	52.01	48.54	45.91	47.75	49.64
Operating Income	67.59	65.35	66.4	68.7	57.85	64.05
Interest Expense	-27.35	-29.88	-24.02	-25.45	-32.39	-29.92
Net Interest Expense	-26.01	-28.67	-23.46	-24.94	-31.88	-28.94
EBT Excluding Unusual Items	45.02	40.48	46.16	47.11	28.49	39.06
Gain (Loss) on Sale of Investments	0.34	1.2	0.05	0.01	-	-
Other Unusual Items	0.03	-0.23	0.78	-3.48	5.17	-5.25
Pretax Income	22.02	20.67	54.4	101.26	-13.92	51.89
Income Tax Expense	0	0.36	0.18	0.77	1.01	0.55
Earnings From Continuing Operations	22.02	20.31	54.22	100.49	-14.94	51.34
Minority Interest	-0.12	-0.13	-0.33	-0.87	0.03	0.07
Net Income to Common Shareholders	21.89	20.19	53.89	99.62	-14.91	51.41
Net Income Growth	-39.23%	-62.54%	-45.90%	-	-	326.15%
Basic Shares Outstanding	112	109	103	103	103	104
Diluted Shares Outstanding	112	109	103	103	103	104
Shares Change (YoY)	8.23%	6.30%	0.01%	-0.06%	-0.61%	0.19%
EPS (Basic)	0.20	0.18	0.52	0.97	-0.14	0.50
EPS (Diluted)	0.20	0.18	0.52	0.97	-0.14	0.50
EPS Growth	-43.85%	-64.76%	-45.91%	-	-	325.36%
Dividend Per Share	0.280	0.280	0.280	0.280	0.280	0.280
Dividend Growth	-0.02%	-0.01%	0%	0%	0%	0%
Payout Ratio	141.13%	150.09%	52.89%	28.61%	-	55.80%
EBIT	67.59	65.35	66.4	68.7	57.85	64.05
EBIT Margin	56.23%	55.68%	57.77%	59.95%	54.78%	56.34%
Funds From Operations (FFO)	42.06	41.52	41.38	44.7	37	41.01
FFO Per Share	0.37	0.38	0.39	0.42	0.35	0.39
Adjusted Funds From Operations (AFFO)	-	31.93	33.19	37.48	32.6	36.47
AFFO Per Share	0.28	0.29	0.32	0.36	0.31	0.35
Effective Tax Rate	0.01%	1.74%	0.32%	0.76%	-	1.07%

Source: S&P Capital IQ. Real Estate template.