Slate Grocery REIT (TSX: SGR.UN)

Slate Grocery REIT Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	204.41	203.28	177.49	138.28	126.13	141.32
Other Revenue	4.94	3.71	29.27	20.49	-1.58	0.15
Total Revenue	209.35	206.99	206.76	158.76	124.56	141.47
Revenue Growth (YoY	0.31%	0.11%	30.23%	27.46%	-11.95%	-1.90%
Property Expenses	64.47	63.79	50.07	37.42	34.63	41.03
Selling, General & Administrative	15.27	15.05	14.19	9.99	10.13	9.54
Other Operating Expenses	0.41	0.54	0.76	0.43	0.39	1.18
Total Operating Expenses	80.16	79.37	65.02	47.84	45.14	51.75
Operating Income	129.2	127.62	141.73	110.93	79.42	89.72
Interest Expense	-54.11	-53.05	-47.13	-32.92	-34.62	-41.84
Net Interest Expense	-53.98	-53.01	-47.09	-32.89	-34.57	-41.69
EBT Excluding Unusual Items	74.91	71.92	92.99	60.12	41.48	41.8
Other Unusual Items	1.14	1.43	-0.8	-4.16	0.04	-4.47
Pretax Income	57.22	22.96	172.91	123.25	55.61	35.89
Income Tax Expense	7.11	1.29	34.04	35.82	14	9.57
Earnings From Continuing Operations	50.11	21.66	138.87	87.43	41.61	26.32
Minority Interest	-12.13	-6.64	-10.87	-0.52	-	-
Net Income to Common Shareholders	37.98	15.02	128	86.91	41.61	26.32
Net Income Growth	-57.22%	-88.26%	47.29%	108.88%	58.06%	969.61%
Basic Shares Outstanding	60	61	61	52	43	44
Diluted Shares Outstanding	60	61	61	52	43	44
Shares Change (YoY)	-1.57%	-0.53%	18.00%	21.56%	-2.99%	-3.80%
EPS (Basic)	0.63	0.25	2.09	1.68	0.98	0.60
EPS (Diluted)	0.63	0.25	2.09	1.68	0.98	0.60
EPS Growth	-56.54%	-88.20%	24.82%	71.83%	62.92%	1011.83%
Dividend Per Share	0.864	0.864	0.864	0.864	0.864	0.856
Dividend Growth	0%	0%	0%	0%	0.96%	1.72%
Payout Ratio	135.13%	343.40%	40.41%	49.91%	85.12%	136.42%
EBIT	129.2	127.62	141.73	110.93	79.42	89.72
EBIT Margin	61.71%	61.65%	68.55%	69.87%	63.76%	63.42%
Funds From Operations (FFO)	64.79	64.79	66.83	53.45	45.45	52.6
Adjusted Funds From Operations (AFFO)	-	53.09	55.15	44.59	36.4	41.59
Effective Tax Rate	12.42%	5.63%	19.69%	29.06%	25.18%	26.65%

Source: S&P Capital IQ. Real Estate template.