RFA Financial Balance Sheet

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
Property, Plant & Equipment	1,939	2,136	2,452	3,304	3,894	4,416
Cash & Equivalents	26.69	32.79	28.94	29.17	221.47	34.7
Accounts Receivable	3	3.96	3.11	3.28	4.69	7.79
Other Receivables	6.5	10.44	12.85	14.03	9.98	9.67
Investment In Debt and Equity Securities	128.28	224.72	296.09	430.95	77.19	-
Loans Receivable Current	5.45	0.2	14.74	0.99	0.83	1.37
Restricted Cash	37.47	7.14	7.03	10.67	32.21	22.01
Other Current Assets	315	206.89	580.17	347.97	70.88	98.05
Other Long-Term Assets	140.53	180.78	340.51	412.71	264.56	270.25
Total Assets	2,602	2,803	3,735	4,554	4,576	4,860
Current Portion of Long-Term Debt	444.57	501.04	863.23	1,252	801.52	750.42
Current Portion of Leases	0.78	0.72	-	-	-	-
Long-Term Debt	661.3	631	1,042	962.67	1,164	1,646
Long-Term Leases	2.45	2.98	-	-	-	-
Accounts Payable	51.05	19.81	18.74	29.47	36.75	35.41
Accrued Expenses	-	20.65	23.07	21.64	21.18	24.65
Other Current Liabilities	25.8	43.47	66.43	47.3	95.1	67.16
Long-Term Deferred Tax Liabilities	-	0.26	3.31	9.53	-	-
Other Long-Term Liabilities	3.34	2.27	1.61	1.87	2.01	1.82
Total Liabilities	1,189	1,222	2,019	2,325	2,121	2,526
Preferred Stock, Redeemable	172.67	175.85	191.69	205.81	288.22	291.8
Common Stock	1,457	1,529	1,639	1,752	1,866	1,755
Additional Paid-In Capital	249.16	212.45	150.69	87.79	68.73	49.26
Retained Earnings	-739.33	-640.13	-488.88	-72.96	86.67	91
Comprehensive Income & Other	274.03	303.85	224.26	256.59	145.76	147.23
Total Common Equity	1,240	1,405	1,525	2,023	2,167	2,042
Shareholders' Equity	1,413	1,581	1,716	2,229	2,455	2,334
Total Liabilities & Equity	2,602	2,803	3,735	4,554	4,576	4,860
Total Debt	1,109	1,136	1,906	2,215	1,966	2,397
Net Cash (Debt)	-1,082	-1,103	-1,877	-2,186	-1,744	-2,362
Net Cash Per Share	-32.71	-31.49	-50.58	-55.35	-40.24	-51.88
Filing Date Shares Outstanding	31.99	33.15	35.98	38.47	39.99	44.53
Total Common Shares Outstanding	31.99	33.58	35.98	38.47	41.18	44.88
Book Value Per Share	38.78	41.85	42.37	52.60	52.62	45.50
Tangible Book Value	1,240	1,405	1,525	2,023	2,167	2,042
Tangible Book Value Per Share	38.78	41.85	42.37	52.60	52.62	45.50
Construction In Progress	-	-	0.95	191.55	195.16	132.24

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