True North Commercial Real Estate Investment Trust (TSX:TNT.UN)

TSX:TNT.UN Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	126.91	132.2	143.58	138.52	139.43
Total Revenue	126.91	132.2	143.58	138.52	139.43
Revenue Growth (YoY	-4.01%	-7.92%	3.65%	-0.65%	30.97%
Property Expenses	61.09	59.66	57.09	55.9	55.48
Selling, General & Administrative	5.83	5.64	6.05	6.91	5.77
Total Operating Expenses	66.92	65.3	63.15	62.8	61.25
Operating Income	59.99	66.91	80.43	75.72	78.18
Interest Expense	-35.58	-36.12	-26.61	-26.76	-36.09
Other Non-Operating Income	-0.18	10.17	4.64	-4.17	3.58
EBT Excluding Unusual Items	24.22	40.96	58.46	44.79	45.67
Asset Writedown	-43.21	-80.21	-41.93	6.22	-5.71
Other Unusual Items	-1.97	-1.38	-	-	-0.21
Pretax Income	-20.95	-40.62	16.53	51	39.75
Net Income	-20.95	-40.62	16.53	51	39.75
Net Income to Common	-20.95	-40.62	16.53	51	39.75
Net Income Growth	-	-	-67.59%	28.31%	64.41%
Basic Shares Outstanding	14	16	16	15	15
Diluted Shares Outstanding	14	16	16	15	15
Shares Change (YoY)	-10.16%	-1.82%	3.49%	2.75%	1.87%
EPS (Basic)	-1.49	-2.59	1.04	3.31	2.65
EPS (Diluted)	-1.49	-2.59	1.04	3.31	2.65
EPS Growth	-	-	-68.68%	24.88%	61.40%
Dividend Per Share	-	1.708	3.415	3.416	3.416
Dividend Growth	-	-50.00%	-0.01%	-	-
Operating Margin	47.27%	50.61%	56.02%	54.66%	56.07%
Profit Margin	-16.51%	-30.73%	11.52%	36.82%	28.51%
EBIT	59.99	66.91	80.43	75.72	78.18
EBIT Margin	47.27%	50.61%	56.02%	54.66%	56.07%
Funds From Operations (FFO)	36.78	41.41	56.3	53.8	53.21
FFO Per Share	2.42	2.52	3.48	3.39	3.39
Adjusted Funds From Operations (AFFO)	37.83	40.62	55.98	51.41	51.09
AFFO Per Share	2.48	2.47	3.46	3.22	3.28
FFO Payout Ratio	-	75.21%	86.38%	87.70%	82.78%

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.