TSX:REI.UN Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Property Revenue	1,176	1,137	1,091	1,074	1,067
Service and Other Revenue	260.14	102.4	32.77	139.66	108.5
Revenue	1,437	1,240	1,124	1,214	1,175
Revenue Growth (YoY)	15.90%	10.29%	-7.41%	3.30%	2.74%
Property Expenses	456.02	434.19	400.47	404.87	408.05
Service and Other Expenses	181.83	64.39	8.99	96.29	65.35
Total Property Expenses	637.86	498.58	409.46	501.16	473.4
Gross Profit	798.72	740.95	714.41	712.69	701.67
Selling, General & Admin	44.75	59.85	60.37	54.44	51.4
Other Operating Expenses	61.64	20.04	21.26	20.48	29.15
Operating Income	692.33	661.06	632.78	637.78	621.12
Interest Income	-198.7	80.98	43.51	23.25	32.86
Interest Expense	-277.89	-257.54	-208.95	-180.37	-182.44
Other Non-Operating Income (Expense)	-146.45	-11.82	-441.91	-242.97	126.8
Total Non-Operating Income (Expense)	-623.04	-188.39	-607.34	-400.08	-22.79
Pretax Income	69.3	472.67	25.44	237.69	598.33
Provision for Income Taxes	-	-0.79	-13.37	0.92	-0.06
Net Income	69.3	473.47	38.8	236.77	598.39
Net Income to Common	69.3	473.47	38.8	236.77	598.39
Net Income Growth	-85.36%	1120.21%	-83.61%	-60.43%	-
Shares Outstanding (Basic)	297	300	300	306	317
Shares Outstanding (Diluted)	297	300	300	306	317
Shares Change (YoY)	-1.19%	-0.00%	-1.88%	-3.48%	-0.14%
EPS (Basic)	0.23	1.58	0.13	0.77	1.89
EPS (Diluted)	0.23	1.58	0.13	0.77	1.89
EPS Growth	-85.23%	1115.38%	-83.12%	-59.26%	-
Free Cash Flow	0	39.7	-81.49	23.13	8.02
Free Cash Flow Growth	-	-	-	188.41%	-
Free Cash Flow Per Share	-	0.13	-0.27	0.08	0.03
Dividends Per Share	1.154	1.107	1.075	1.015	0.960
Dividend Growth	4.20%	3.02%	5.91%	5.73%	-33.33%
Gross Margin	55.60%	59.78%	63.57%	58.71%	59.71%
Operating Margin	48.19%	53.33%	56.30%	52.54%	52.86%
Profit Margin	4.82%	38.20%	3.45%	19.51%	50.92%
FCF Margin	0.00%	3.20%	-7.25%	1.91%	0.68%
EBITDA	692.33	662.51	635.41	642.55	625.14
EBITDA Margin	48.19%	53.45%	56.54%	52.94%	53.20%
EBIT	692.33	661.06	632.78	637.78	621.12
EBIT Margin	48.19%	53.33%	56.30%	52.54%	52.86%
Effective Tax Rate	0.00%	-0.17%	-52.54%	0.39%	-0.01%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.