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 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
Property Revenue	1,188	1,176	1,137	1,091	1,074	1,067
Service and Other Revenue	215.1	260.14	102.4	32.77	139.66	108.5
Revenue	1,403	1,437	1,240	1,124	1,214	1,175
Revenue Growth (YoY)	8.60%	15.90%	10.29%	-7.41%	3.30%	2.75%
Property Expenses	463.59	456.02	434.19	400.47	404.87	408.05
Service and Other Expenses	156.76	181.83	64.39	8.99	96.29	65.35
Total Property Expenses	620.36	637.86	498.58	409.46	501.16	473.4
Gross Profit	782.69	798.72	740.95	714.41	712.69	701.67
Selling, General & Admin	46.65	44.75	59.85	60.37	54.44	51.4
Other Operating Expenses	63.52	61.64	20.04	21.26	20.48	29.15
Operating Income	672.52	692.33	661.06	632.78	637.78	621.12
Interest Income	3.81	-198.7	80.98	43.51	23.25	32.86
Interest Expense	-283.11	-277.89	-257.54	-208.95	-180.37	-182.44
Other Non-Operating Income (Expense)	-146.6	-146.45	-11.82	-441.91	-242.97	126.8
Total Non-Operating Income (Expense)	-425.91	-623.04	-188.39	-607.34	-400.08	-22.79
Pretax Income	246.61	69.3	472.67	25.44	237.69	598.33
Provision for Income Taxes	-	-	-0.79	-13.37	0.92	-0.06
Net Income	128.17	69.3	473.47	38.8	236.77	598.39
Net Income to Common	128.17	69.3	473.47	38.8	236.77	598.39
Net Income Growth	2.01%	-85.36%	1120.21%	-83.61%	-60.43%	-
Shares Outstanding (Basic)	291	296	300	300	306	317
Shares Outstanding (Diluted)	291	296	300	300	306	317
Shares Change (YoY)	-2.89%	-1.52%	-0.00%	-1.88%	-3.48%	-0.14%
EPS (Basic)	0.44	0.23	1.58	0.13	0.77	1.89
EPS (Diluted)	0.44	0.23	1.58	0.13	0.77	1.89
EPS Growth	-49.39%	-85.44%	1115.38%	-83.12%	-59.26%	-
Shares Outstanding	291.12	293.69	300.47	300.46	300.36	309.8
Free Cash Flow	29.18	-83.65	-65.14	-81.49	23.13	8.02
Free Cash Flow Growth	-	-	-	-	188.41%	-
Free Cash Flow Per Share	0.10	-0.28	-0.22	-0.27	0.08	0.03
Dividends Per Share	1.158	1.154	1.107	1.075	1.015	0.960
Dividend Growth	0.35%	4.20%	3.02%	5.91%	5.73%	-33.33%
Gross Margin	55.79%	55.60%	59.78%	63.57%	58.71%	59.71%
Operating Margin	47.93%	48.19%	53.33%	56.30%	52.54%	52.86%
Profit Margin	17.58%	4.82%	38.20%	3.45%	19.51%	50.92%
FCF Margin	2.08%	-5.82%	-5.26%	-7.25%	1.91%	0.68%
EBITDA	674.11	693.84	662.51	635.41	642.55	625.14
EBITDA Margin	48.05%	48.30%	53.45%	56.54%	52.94%	53.20%
EBIT	672.52	692.33	661.06	632.78	637.78	621.12
EBIT Margin	47.93%	48.19%	53.33%	56.30%	52.54%	52.86%
Effective Tax Rate	-	0.00%	-0.17%	-52.54%	0.39%	-0.01%

Updated May 4, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.