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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	675.29	648.47	501.93	410.97	380.06	247.89
Total Revenue	675.29	648.47	501.93	410.97	380.06	247.89
Revenue Growth (YoY	26.72%	29.20%	22.13%	8.13%	53.32%	-8.27%
Property Expenses	294.36	280.74	212.57	177.35	168.28	106.29
Selling, General & Administrative	42.86	40.61	35.76	31.01	27.83	13.27
Total Operating Expenses	339.33	322.32	250.92	208.98	196.42	119.83
Operating Income	335.97	326.15	251.01	201.99	183.65	128.06
Interest Expense	-139.34	-134.58	-99.17	-59.46	-33.71	-19.28
Interest & Investment Income	2.04	3.27	7.03	5.26	0.32	0.02
Other Non-Operating Income	-9.31	21.6	-13.16	-2.98	3.41	-1.64
EBT Excluding Unusual Items	189.36	216.43	145.7	144.82	153.66	107.16
Merger & Restructuring Charges	-	-	-	-	-	-4.71
Asset Writedown	4.59	-33.25	-66.38	-42.55	-165.74	238.54
Other Unusual Items	-	-	0.15	-	-	-
Pretax Income	193.96	183.19	79.47	102.27	-12.08	340.99
Net Income	193.96	183.19	79.47	102.27	-12.08	340.99
Net Income to Common	193.96	183.19	79.47	102.27	-12.08	340.99
Net Income Growth	199.60%	130.50%	-22.29%	-	-	-
Basic Shares Outstanding	131	126	107	99	100	102
Diluted Shares Outstanding	132	127	108	100	100	102
Shares Change (YoY)	18.42%	17.56%	8.61%	-0.33%	-1.52%	-
EPS (Basic)	1.48	1.45	0.74	1.03	-0.12	3.36
EPS (Diluted)	1.37	1.33	0.71	0.96	-0.12	3.36
EPS Growth	147.86%	86.80%	-26.14%	-	-	-
Dividend Per Share	0.867	0.862	0.842	0.822	0.802	-
Dividend Growth	2.32%	2.34%	2.43%	2.49%	-	-
Operating Margin	49.75%	50.30%	50.01%	49.15%	48.32%	51.66%
Profit Margin	28.72%	28.25%	15.83%	24.88%	-3.18%	137.56%
EBITDA	337	327.25	252.28	203.51	184.79	128.32
EBITDA Margin	49.90%	50.47%	50.26%	49.52%	48.62%	51.77%
D&A For Ebitda	1.03	1.11	1.27	1.52	1.14	0.26
EBIT	335.97	326.15	251.01	201.99	183.65	128.06
EBIT Margin	49.75%	50.30%	50.01%	49.15%	48.32%	51.66%
Funds From Operations (FFO)	241.44	235.03	183.07	158.33	158.94	-
FFO Per Share	1.83	1.85	1.69	1.59	1.58	-
Adjusted Funds From Operations (AFFO)	-	172.23	125.31	112.53	123.35	-
AFFO Per Share	-	1.35	1.16	1.13	1.23	-
FFO Payout Ratio	39.49%	38.84%	44.41%	50.06%	46.21%	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.