Ravelin Properties REIT Balance Sheet

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
Property, Plant & Equipment	1,130	1,131	1,362	1,754	1,592
Cash & Equivalents	18.22	13.59	11.27	19.91	9.91
Accounts Receivable	11.48	8.58	6.66	7.68	7.36
Other Receivables	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	1.91	22.52	295.41	5.67	142.71
Trading Asset Securities	-	2.78	3.33	-	-
Other Long-Term Assets	32.96	46.19	47.34	46.41	51.16
Total Assets	1,198	1,230	1,742	1,869	1,809
Current Portion of Long-Term Debt	525.39	923.06	450.72	374.03	162.21
Long-Term Debt	160.24	154.67	536.58	802.06	920.55
Accounts Payable	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	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	5.33	7.17	6.35	5.92	7.17
Total Liabilities	1,227	1,170	1,234	1,225	1,187
Common Stock	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	-29.14	59.81	508.7	644.37	621.97
Total Liabilities & Equity	1,198	1,230	1,742	1,869	1,809
Total Debt	1,127	1,093	987.29	1,176	1,083
Net Cash (Debt)	-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	-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.