Slate Grocery REIT (TSX:SGR.UN)

Slate Grocery REIT Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	211.84	209.14	203.28	177.49	138.28	126.13
Other Revenue	11.81	8.74	3.71	29.27	20.49	-1.58
Total Revenue	223.65	217.87	206.99	206.76	158.76	124.56
Revenue Growth (YoY	4.72%	5.26%	0.11%	30.23%	27.46%	-11.95%
Property Expenses	65.39	64.63	63.79	50.07	37.42	34.63
Selling, General & Administrative	16.22	15.79	15.05	14.19	9.99	10.13
Other Operating Expenses	0.35	0.39	0.54	0.76	0.43	0.39
Total Operating Expenses	81.95	80.8	79.37	65.02	47.84	45.14
Operating Income	141.7	137.07	127.62	141.73	110.93	79.42
Interest Expense	-64.01	-58.25	-53.05	-47.13	-32.92	-34.62
Interest & Investment Income	0.5	0.28	0.03	0.04	0.03	0.06
Currency Exchange Gain (Loss)	-	-	-	-	-	-0.27
Other Non-Operating Income	1.96	1.79	-2.69	-1.65	-17.92	-3.1
EBT Excluding Unusual Items	80.15	80.89	71.92	92.99	60.12	41.48
Asset Writedown	-11.51	-20.64	-50.39	80.72	67.29	14.09
Other Unusual Items	-0.82	-1.39	1.43	-0.8	-4.16	0.04
Pretax Income	67.82	58.87	22.96	172.91	123.25	55.61
Income Tax Expense	11.69	8.28	1.29	34.04	35.82	14
Earnings From Continuing Operations	56.13	50.59	21.66	138.87	87.43	41.61
Minority Interest in Earnings	-13.79	-12.31	-6.64	-10.87	-0.52	-
Net Income	42.34	38.28	15.02	128	86.91	41.61
Net Income to Common	42.34	38.28	15.02	128	86.91	41.61
Net Income Growth	42.99%	154.79%	-88.26%	47.29%	108.88%	58.06%
Basic Shares Outstanding	60	60	61	61	52	43
Diluted Shares Outstanding	60	60	61	61	52	43
Shares Change (YoY)	0.13%	-0.72%	-0.53%	18.00%	21.56%	-2.99%
EPS (Basic)	0.70	0.63	0.25	2.09	1.68	0.98
EPS (Diluted)	0.70	0.63	0.25	2.09	1.68	0.98
EPS Growth	42.81%	156.64%	-88.20%	24.82%	71.83%	62.92%
Dividend Per Share	0.864	0.864	0.864	0.864	0.864	0.864
Dividend Growth	-	-	-	-	-	0.96%
Operating Margin	63.36%	62.91%	61.65%	68.55%	69.87%	63.76%
Profit Margin	18.93%	17.57%	7.26%	61.91%	54.74%	33.40%
EBIT	141.7	137.07	127.62	141.73	110.93	79.42
EBIT Margin	63.36%	62.91%	61.65%	68.55%	69.87%	63.76%
Funds From Operations (FFO)	63.19	66.3	64.79	66.83	53.45	45.45
Adjusted Funds From Operations (AFFO)	-	53.25	53.09	55.15	44.59	36.4
FFO Payout Ratio	80.84%	77.05%	79.63%	77.40%	81.16%	77.93%
Effective Tax Rate	17.23%	14.06%	5.63%	19.68%	29.06%	25.18%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.