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
Rental Revenue	1,176	1,137	1,091	1,074	1,067
Property Management Fees	15.95	17.92	18.98	21	14.77
Gain (Loss) on Sale of Assets (Rev)	-	-	-1.33	-1.08	-0.01
Gain (Loss) on Sale of Investments (Rev)	-	6.65	-0.76	-3.78	-
Other Revenue	-1.84	133.19	41.84	123.54	115.67
Total Revenue	1,229	1,338	1,176	1,235	1,211
Revenue Growth (YoY	-8.16%	13.79%	-4.81%	2.03%	3.43%
Property Expenses	685.78	505.33	424.41	508.23	473.54
Selling, General & Administrative	58.21	65.29	70.92	66.64	57.11
Total Operating Expenses	743.99	570.61	495.33	574.87	530.65
Operating Income	484.79	767.42	680.56	660.39	680.01
Interest Expense	-277.89	-257.54	-208.95	-180.37	-171.52
EBT Excluding Unusual Items	206.91	509.88	471.61	480.02	508.49
Asset Writedown	-137.36	-29.35	-450.41	-241.13	124.05
Other Unusual Items	-	-	5.6	-1.2	-34.21
Pretax Income	69.3	472.67	25.44	237.69	598.33
Income Tax Expense	-	-0.79	-13.37	0.92	-0.06
Earnings From Continuing Operations	69.3	473.47	38.8	236.77	598.39
Net Income to Company	69.3	473.47	38.8	236.77	598.39
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%	-
Basic Shares Outstanding	296	300	300	306	317
Diluted Shares Outstanding	296	300	300	306	317
Shares Change (YoY)	-1.52%	-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	-85.40%	1119.92%	-83.23%	-59.18%	-
Dividend Per Share	1.154	1.107	1.075	1.015	0.960
Dividend Growth	4.20%	3.02%	5.91%	5.73%	-33.33%
Operating Margin	39.45%	57.35%	57.88%	53.46%	56.17%
Profit Margin	5.64%	35.38%	3.30%	19.17%	49.43%
EBITDA	486.3	768.87	683.19	665.16	684.04
EBITDA Margin	39.58%	57.46%	58.10%	53.85%	56.50%
D&A For Ebitda	1.51	1.45	2.63	4.77	4.02
EBIT	484.79	767.42	680.56	660.39	680.01
EBIT Margin	39.45%	57.35%	57.88%	53.46%	56.17%
Funds From Operations (FFO)	553.16	535.97	531.28	524.68	506.98
FFO Per Share	1.87	1.78	1.77	1.71	1.60
Adjusted Funds From Operations (AFFO)	553.16	535.97	532.65	528.97	523.95
AFFO Per Share	1.87	1.78	1.77	1.73	1.65
FFO Payout Ratio	61.57%	61.95%	60.50%	58.97%	62.62%
Effective Tax Rate	-	-	-	0.39%	-
Revenue as Reported	1,437	1,240	1,124	-	-

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