Ravelin Properties REIT Balance Sheet

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, Plant & Equipment	1,104	1,130	1,131	1,362	1,754	1,592
Cash & Equivalents	16.92	18.22	13.59	11.27	19.91	9.91
Accounts Receivable	14.12	11.48	8.58	6.66	7.68	7.36
Other Receivables	0.27	2.74	3.42	3.3	6.25	5.81
Investment In Debt and Equity Securities	-	-	1.3	12.76	29.12	-
Other Current Assets	2.39	1.91	22.52	295.41	5.67	142.71
Trading Asset Securities	0.06	-	2.78	3.33	-	-
Other Long-Term Assets	31.61	32.96	46.19	47.34	46.41	51.16
Total Assets	1,169	1,198	1,230	1,742	1,869	1,809
Current Portion of Long-Term Debt	991.57	525.39	923.06	450.72	374.03	162.21
Long-Term Debt	148.4	160.24	154.67	536.58	802.06	920.55
Accounts Payable	88.41	46.96	50.47	32.26	25.97	36.68
Accrued Expenses	-	22.83	10.2	-	-	-
Current Income Taxes Payable	-	-	0.36	-	1.61	-
Current Unearned Revenue	-	11.07	6.76	7.97	10.87	-
Other Current Liabilities	9.4	13.63	2.07	199.43	4.09	57.58
Long-Term Deferred Tax Liabilities	-	-	-	0.25	0.45	2.75
Other Long-Term Liabilities	5.17	5.33	7.17	6.35	5.92	7.17
Total Liabilities	1,243	1,227	1,170	1,234	1,225	1,187
Common Stock	-73.56	578.72	578.7	578.41	578.38	518.89
Retained Earnings	-	-627.49	-529.09	-72.56	60.82	109.05
Comprehensive Income & Other	-	19.63	10.2	2.86	5.17	-5.97
Shareholders' Equity	-73.56	-29.14	59.81	508.7	644.37	621.97
Total Liabilities & Equity	1,169	1,198	1,230	1,742	1,869	1,809
Total Debt	1,140	1,127	1,093	987.29	1,176	1,083
Net Cash (Debt)	-1,123	-1,109	-1,077	-972.69	-1,156	-1,073
Net Cash Per Share	-	-13.76	-13.41	-12.15	-14.66	-14.64
Filing Date Shares Outstanding	-	80.56	80.56	80.05	80.02	80.17
Total Common Shares Outstanding	-	80.56	80.5	80.05	80.02	67.77
Book Value Per Share	-	-0.36	0.74	6.35	8.05	9.18
Tangible Book Value	-73.56	-29.14	59.81	508.7	644.37	621.97
Tangible Book Value Per Share	-	-0.36	0.74	6.35	8.05	9.18

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