TSXV:MAR.UN Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	10.5	10.35	9.96	7.17	3.34	-
Total Revenue	10.5	10.35	9.96	7.17	3.34	-
Revenue Growth (YoY	2.62%	3.89%	38.88%	114.71%	-	-
Property Expenses	4.01	3.47	3.6	2.87	1.32	-
Selling, General & Administrative	0.9	0.84	0.89	0.72	0.44	0.2
Total Operating Expenses	4.9	4.27	4.48	3.57	1.74	0.2
Operating Income	5.6	6.08	5.48	3.6	1.6	-0.2
Interest Expense	-3.23	-3.28	-3.16	-2.11	-0.88	-
Interest & Investment Income	0.14	0.17	0.08	0.05	0.01	-
Other Non-Operating Income	-0.4	1.96	-1.21	-0.22	2.39	0
EBT Excluding Unusual Items	2.11	4.93	1.19	1.32	3.12	-0.2
Asset Writedown	2.94	7.23	7.51	2.08	6.1	-
Pretax Income	5.05	12.16	8.7	3.4	9.22	-0.2
Net Income	5.05	12.16	8.7	3.4	9.22	-0.2
Net Income to Common	5.05	12.16	8.7	3.4	9.22	-0.2
Net Income Growth	-39.28%	39.70%	155.81%	-63.09%	-	-
Basic Shares Outstanding	10	9	9	9	9	-
Diluted Shares Outstanding	10	9	9	9	9	-
Shares Change (YoY)	8.46%	4.59%	-0.11%	-1.86%	-	-
EPS (Basic)	0.53	1.34	1.01	0.39	1.04	-
EPS (Diluted)	0.53	1.34	1.01	0.39	1.04	-
EPS Growth	-44.02%	33.56%	156.11%	-62.39%	-	-
Dividend Per Share	0.016	0.015	0.015	0.015	0.001	-
Dividend Growth	103.17%	2.31%	0.83%	1100.00%	-	-
Operating Margin	53.31%	58.73%	55.01%	50.24%	47.86%	-
Profit Margin	48.10%	117.49%	87.37%	47.43%	275.91%	-
EBIT	5.6	6.08	5.48	3.6	1.6	-0.2
EBIT Margin	53.31%	58.73%	55.01%	50.24%	47.86%	-
Funds From Operations (FFO)	1.97	2.39	1.89	1.56	0.82	-
Adjusted Funds From Operations (AFFO)	-	1.99	1.82	1.36	0.7	-
FFO Payout Ratio	7.37%	5.70%	6.91%	8.40%	-	-

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