Plaza Retail REIT Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Rental Revenue	128.2	126.43	121.28	114.06	111.25	110.63
Other Revenue	4.5	4.43	3.26	3.29	3.69	3.97
Total Revenue	132.7	130.86	124.54	117.35	114.94	114.61
Revenue Growth (YoY	3.97%	5.08%	6.13%	2.10%	0.29%	8.54%
Property Expenses	49.89	49.4	46.26	43.71	40.66	38.85
Selling, General & Administrative	11.44	10.78	12.11	8.3	7.87	7.05
Total Operating Expenses	61.33	60.18	58.38	52.01	48.54	45.91
Operating Income	71.37	70.68	66.17	65.35	66.4	68.7
Interest Expense	-30.21	-31.38	-32.17	-29.88	-24.02	-25.45
Interest & Investment Income	0.89	1.1	1.36	1.21	0.56	0.51
Other Non-Operating Income	3.21	3.13	3.57	3.8	3.21	3.35
EBT Excluding Unusual Items	45.27	43.53	38.93	40.48	46.16	47.11
Gain (Loss) on Sale of Investments	3.72	1.8	1.75	1.2	0.05	0.01
Asset Writedown	17.43	13.61	-11.2	-20.77	7.41	57.62
Other Unusual Items	-1.66	-1.99	-1.83	-0.23	0.78	-3.48
Pretax Income	64.75	56.95	27.65	20.67	54.4	101.26
Income Tax Expense	1.42	1.07	2.17	0.36	0.18	0.77
Earnings From Continuing Operations	63.34	55.89	25.49	20.31	54.22	100.49
Minority Interest in Earnings	-0.72	-0.6	-0.44	-0.13	-0.33	-0.87
Net Income	62.61	55.29	25.05	20.19	53.89	99.62
Net Income to Common	62.61	55.29	25.05	20.19	53.89	99.62
Net Income Growth	78.12%	120.74%	24.07%	-62.54%	-45.90%	-
Basic Shares Outstanding	112	112	112	109	103	103
Diluted Shares Outstanding	112	112	112	109	103	103
Shares Change	0.03%	0.04%	1.87%	6.30%	0.01%	-0.06%
EPS (Basic)	0.56	0.50	0.22	0.18	0.52	0.97
EPS (Diluted)	0.56	0.50	0.22	0.18	0.52	0.97
EPS Growth	78.06%	120.65%	21.79%	-64.76%	-45.91%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Dividend Per Share	0.280	0.280	0.280	0.280	0.280	0.280
Dividend Growth	-0.01%	-0.01%	0%	0%	0%	0%
Operating Margin	53.79%	54.01%	53.13%	55.68%	57.77%	59.95%
Profit Margin	47.18%	42.25%	20.11%	17.20%	46.89%	86.92%
EBIT	71.37	70.68	66.17	65.35	66.4	68.7
EBIT Margin	53.79%	54.01%	53.13%	55.68%	57.77%	59.95%
Funds From Operations (FFO)	45.66	44.03	40.46	41.52	41.38	44.7
FFO Per Share	0.41	0.39	0.36	0.38	0.39	0.42
Adjusted Funds From Operations (AFFO)	-	33.49	31.87	31.93	33.19	37.48
AFFO Per Share	0.31	0.30	0.29	0.29	0.32	0.36
FFO Payout Ratio	67.72%	70.21%	76.37%	72.97%	68.87%	63.75%
Effective Tax Rate	2.19%	1.87%	7.84%	1.74%	0.32%	0.76%