TSX:REI.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	1,175	1,137	1,091	1,074	1,067	1,091
Property Management Fees	15.76	17.92	18.98	21	14.77	16.58
Gain (Loss) on Sale of Assets (Rev)	-0.01	-0.01	-1.33	-1.08	-0.01	0
Gain (Loss) on Sale of Investments (Rev)	-	6.65	-0.76	-3.78	-	0.88
Other Revenue	13.84	133.19	41.84	123.54	115.67	47.67
Total Revenue	1,246	1,338	1,176	1,235	1,211	1,170
Revenue Growth (YoY	-1.16%	13.79%	-4.81%	2.03%	3.43%	-14.00%
Property Expenses	696.49	506.43	424.41	508.23	473.54	466.31
Selling, General & Administrative	56.76	65.29	70.92	66.64	57.11	50.72
Total Operating Expenses	753.24	571.71	495.33	574.87	530.65	517.03
Operating Income	493.12	766.32	680.56	660.39	680.01	653.44
Interest Expense	-271.83	-257.54	-208.95	-180.37	-171.52	-180.81
EBT Excluding Unusual Items	221.28	508.78	471.61	480.02	508.49	472.63
Asset Writedown	-145.06	-29.35	-450.41	-241.13	124.05	-526.78
Other Unusual Items	-1.6	1.1	5.6	-1.2	-34.21	-
Pretax Income	66.77	472.67	25.44	237.69	598.33	-54.15
Income Tax Expense	-	-0.79	-13.37	0.92	-0.06	10.63
Earnings From Continuing Operations	66.77	473.47	38.8	236.77	598.39	-64.78
Net Income to Company	66.77	473.47	38.8	236.77	598.39	-64.78
Net Income	66.77	473.47	38.8	236.77	598.39	-64.78
Net Income to Common	66.77	473.47	38.8	236.77	598.39	-64.78
Net Income Growth	-70.99%	1120.21%	-83.61%	-60.43%	-	-
Basic Shares Outstanding	297	300	300	306	317	318
Diluted Shares Outstanding	297	300	300	306	317	318
Shares Change (YoY)	-1.05%	-0.00%	-1.88%	-3.48%	-0.14%	3.23%
EPS (Basic)	0.22	1.58	0.13	0.77	1.89	-0.20
EPS (Diluted)	0.22	1.58	0.13	0.77	1.89	-0.20
EPS Growth	-70.68%	1119.92%	-83.23%	-59.18%	-	-
Dividend Per Share	1.142	1.107	1.075	1.015	0.960	1.440
Dividend Growth	3.82%	3.02%	5.91%	5.73%	-33.33%	-
Operating Margin	39.56%	57.27%	57.88%	53.46%	56.17%	55.83%
Profit Margin	5.36%	35.38%	3.30%	19.17%	49.43%	-5.54%
EBITDA	494.48	767.77	683.19	665.16	684.04	657.78
EBITDA Margin	39.67%	57.38%	58.10%	53.85%	56.50%	56.20%
D&A For Ebitda	1.37	1.45	2.63	4.77	4.02	4.34
EBIT	493.12	766.32	680.56	660.39	680.01	653.44
EBIT Margin	39.56%	57.27%	57.88%	53.46%	56.17%	55.83%
Funds From Operations (FFO)	555.1	535.97	531.28	524.68	506.98	507.39
FFO Per Share	1.87	1.78	1.77	1.71	1.60	1.60
Adjusted Funds From Operations (AFFO)	-	544.28	532.65	528.97	523.95	507.39
AFFO Per Share	-	1.81	1.77	1.73	1.65	1.60
FFO Payout Ratio	60.99%	61.95%	60.50%	58.97%	62.62%	90.17%
Effective Tax Rate	-	-	-	0.39%	-	-
Revenue as Reported	1,446	1,240	1,124	-	-	-

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