TSX:PMZ.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	603.33	501.93	410.97	380.06	247.89	270.23
Total Revenue	603.33	501.93	410.97	380.06	247.89	270.23
Revenue Growth (YoY	27.67%	22.13%	8.13%	53.32%	-8.27%	-1.53%
Property Expenses	262.27	212.57	177.35	168.28	106.29	141.76
Selling, General & Administrative	40.2	35.76	31.01	27.83	13.27	9.91
Total Operating Expenses	302.68	250.92	208.98	196.42	119.83	151.66
Operating Income	300.65	251.01	201.99	183.65	128.06	118.57
Interest Expense	-125.15	-99.17	-59.46	-33.71	-19.28	-22.9
Interest & Investment Income	4.4	7.03	5.26	0.32	0.02	0.08
Other Non-Operating Income	29.61	-13.16	-2.98	3.41	-1.64	21.81
EBT Excluding Unusual Items	209.52	145.7	144.82	153.66	107.16	117.56
Merger & Restructuring Charges	-	-	-	-	-4.71	-
Asset Writedown	-64.95	-66.38	-42.55	-165.74	238.54	-692.04
Other Unusual Items	-	0.15	-	-	-	-
Pretax Income	144.57	79.47	102.27	-12.08	340.99	-574.48
Net Income	144.57	79.47	102.27	-12.08	340.99	-574.48
Net Income to Common	144.57	79.47	102.27	-12.08	340.99	-574.48
Net Income Growth	103.16%	-22.29%	-	-	-	-
Basic Shares Outstanding	125	108	100	100	102	-
Diluted Shares Outstanding	125	108	100	100	102	-
Shares Change (YoY)	18.45%	8.61%	-0.33%	-1.52%	-	-
EPS (Basic)	1.16	0.73	1.03	-0.12	3.36	-
EPS (Diluted)	1.14	0.71	0.96	-0.12	3.36	-
EPS Growth	84.66%	-26.14%	-	-	-	-
Dividend Per Share	0.857	0.842	0.822	0.802	-	-
Dividend Growth	2.31%	2.39%	2.49%	-	-	-
Operating Margin	49.83%	50.01%	49.15%	48.32%	51.66%	43.88%
Profit Margin	23.96%	15.83%	24.88%	-3.18%	137.56%	-212.59%
EBITDA	301.87	252.32	203.51	184.79	128.32	-
EBITDA Margin	50.03%	50.27%	49.52%	48.62%	51.77%	-
D&A For Ebitda	1.22	1.31	1.52	1.14	0.26	-
EBIT	300.65	251.01	201.99	183.65	128.06	118.57
EBIT Margin	49.83%	50.01%	49.15%	48.32%	51.66%	43.88%
Funds From Operations (FFO)	216.1	183.07	158.33	158.94	-	-
FFO Per Share	1.79	1.69	1.59	1.58	-	-
Adjusted Funds From Operations (AFFO)	-	125.31	112.53	123.35	-	-
AFFO Per Share	-	1.16	1.13	1.23	-	-
FFO Payout Ratio	40.42%	44.41%	50.06%	46.21%	-	-

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