Pro Real Estate Investment Trust (TSX:PRV.UN)

TSX:PRV.UN 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	99.69	99.21	99.89	97.21	77.67	69.81
Total Revenue	99.69	99.21	99.89	97.21	77.67	69.81
Revenue Growth (YoY	-0.28%	-0.68%	2.76%	25.15%	11.27%	21.14%
Property Expenses	40.46	40.69	41.95	39.47	31.39	29.28
Selling, General & Administrative	5.36	5.35	5.07	5.16	4.35	3.33
Depreciation & Amortization	0.58	0.59	0.48	0.42	0.36	0.3
Other Operating Expenses	2.48	2.38	1.8	1.17	1.33	1.26
Total Operating Expenses	51.64	52.08	51.29	47.28	40.86	35.13
Operating Income	48.05	47.14	48.61	49.93	36.82	34.68
Interest Expense	-23.77	-23.74	-23.04	-21.18	-17.55	-16.31
Other Non-Operating Income	3.26	5.25	4.05	2.3	2.34	2.11
EBT Excluding Unusual Items	27.54	28.64	29.61	31.06	21.6	20.48
Asset Writedown	-1.43	-24.52	-2.82	52.54	63.16	-4.67
Other Unusual Items	-0.63	-1.75	-0.89	0.9	-2.92	5.26
Pretax Income	25.49	2.38	25.91	84.49	81.84	21.07
Net Income	25.49	2.38	25.91	84.49	81.84	21.07
Net Income to Common	25.49	2.38	25.91	84.49	81.84	21.07
Net Income Growth	207.64%	-90.83%	-69.34%	3.24%	288.40%	40.72%
Basic Shares Outstanding	63	59	59	59	59	39
Diluted Shares Outstanding	63	59	59	59	59	39
Shares Change (YoY)	6.35%	0.32%	0.34%	0.02%	53.30%	3.21%
EPS (Basic)	0.40	0.04	0.44	1.43	1.39	0.55
EPS (Diluted)	0.40	0.04	0.44	1.43	1.39	0.55
EPS Growth	189.26%	-90.86%	-69.44%	3.21%	153.37%	36.33%
Dividend Per Share	0.450	0.450	0.450	0.450	0.450	0.495
Dividend Growth	-	-	-	-	-9.09%	-21.43%
Operating Margin	48.20%	47.51%	48.66%	51.36%	47.40%	49.68%
Profit Margin	25.57%	2.40%	25.93%	86.92%	105.37%	30.19%
EBITDA	48.87	47.97	49.39	50.72	37.55	35.35
EBITDA Margin	49.03%	48.35%	49.45%	52.17%	48.34%	50.64%
D&A For Ebitda	0.83	0.84	0.79	0.79	0.73	0.67
EBIT	48.05	47.14	48.61	49.93	36.82	34.68
EBIT Margin	48.20%	47.51%	48.66%	51.36%	47.40%	49.68%
Funds From Operations (FFO)	29.21	28.43	26.31	30.28	21.93	20.91
FFO Per Share	0.48	0.46	0.43	0.49	0.44	0.51
Adjusted Funds From Operations (AFFO)	-	28.85	29.43	31.3	25.07	22.44
AFFO Per Share	-	0.47	0.48	0.51	0.50	0.55
FFO Payout Ratio	92.06%	93.96%	101.16%	87.75%	98.04%	86.10%

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