Plaza Retail REIT (TSX:PLZ.UN)

Plaza Retail REIT Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	122.85	121.28	114.06	111.25	110.63	106.9
Other Revenue	1.36	3.26	3.29	3.69	3.97	-1.31
Total Revenue	124.21	124.54	117.35	114.94	114.61	105.59
Revenue Growth (YoY	4.48%	6.13%	2.10%	0.29%	8.54%	-7.12%
Property Expenses	47.54	46.26	43.71	40.66	38.85	38.68
Selling, General & Administrative	12.27	12.11	8.3	7.87	7.05	9.07
Total Operating Expenses	59.81	58.38	52.01	48.54	45.91	47.75
Operating Income	64.4	66.17	65.35	66.4	68.7	57.85
Interest Expense	-34.43	-32.17	-29.88	-24.02	-25.45	-32.39
Interest & Investment Income	1.3	1.36	1.21	0.56	0.51	0.5
Other Non-Operating Income	3.55	3.57	3.8	3.21	3.35	2.53
EBT Excluding Unusual Items	34.83	38.93	40.48	46.16	47.11	28.49
Gain (Loss) on Sale of Investments	2.73	1.75	1.2	0.05	0.01	-
Asset Writedown	-7.78	-11.2	-20.77	7.41	57.62	-47.58
Other Unusual Items	-2.45	-1.83	-0.23	0.78	-3.48	5.17
Pretax Income	27.33	27.65	20.67	54.4	101.26	-13.92
Income Tax Expense	1.98	2.17	0.36	0.18	0.77	1.01
Earnings From Continuing Operations	25.35	25.49	20.31	54.22	100.49	-14.94
Minority Interest in Earnings	-0.41	-0.44	-0.13	-0.33	-0.87	0.03
Net Income	24.94	25.05	20.19	53.89	99.62	-14.91
Net Income to Common	24.94	25.05	20.19	53.89	99.62	-14.91
Net Income Growth	13.93%	24.07%	-62.54%	-45.90%	-	-
Basic Shares Outstanding	112	112	109	103	103	103
Diluted Shares Outstanding	112	112	109	103	103	103
Shares Change (YoY)	-0.02%	1.87%	6.30%	0.01%	-0.06%	-0.61%
EPS (Basic)	0.22	0.22	0.18	0.52	0.97	-0.14
EPS (Diluted)	0.22	0.22	0.18	0.52	0.97	-0.14
EPS Growth	13.95%	21.79%	-64.76%	-45.91%	-	-
Dividend Per Share	0.280	0.280	0.280	0.280	0.280	0.280
Dividend Growth	-0.02%	-0.01%	-	-	-	-
Operating Margin	51.85%	53.13%	55.68%	57.77%	59.95%	54.78%
Profit Margin	20.08%	20.11%	17.20%	46.89%	86.92%	-14.12%
EBIT	64.4	66.17	65.35	66.4	68.7	57.85
EBIT Margin	51.85%	53.13%	55.68%	57.77%	59.95%	54.78%
Funds From Operations (FFO)	40.31	40.46	41.52	41.38	44.7	37
FFO Per Share	0.36	0.36	0.38	0.39	0.42	0.35
Adjusted Funds From Operations (AFFO)	-	31.87	31.93	33.19	37.48	32.6
AFFO Per Share	0.29	0.29	0.29	0.32	0.36	0.31
FFO Payout Ratio	76.67%	76.37%	72.97%	68.87%	63.75%	77.07%
Effective Tax Rate	7.26%	7.84%	1.74%	0.32%	0.76%	-

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.