Marwest Apartment Real Estate Investment Trust (TSXV:MAR.UN)

TSXV:MAR.UN Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property, Plant & Equipment	142.53	142	134.38	126.8	85.5
Cash & Equivalents	4.32	4.24	1.77	1.42	4.22
Accounts Receivable	0.01	0.02	0.02	0.03	0.01
Other Current Assets	0.31	0.32	0.33	0.19	0.11
Other Long-Term Assets	3.41	3.51	3.28	3.37	1.59
Total Assets	150.59	150.09	139.77	131.81	91.42
Current Portion of Long-Term Debt	1.37	1.32	7.23	1.39	1.56
Long-Term Debt	98.99	100.36	93.54	100.73	63.99
Accounts Payable	0.63	0.68	0.1	0.13	0.06
Accrued Expenses	0.17	0.19	0.7	0.6	0.33
Other Current Liabilities	8.35	7.61	10.59	9.82	9.52
Other Long-Term Liabilities	0.05	0.04	0.04	0.13	0.06
Total Liabilities	109.55	110.19	112.19	112.8	75.53
Common Stock	7.39	6.96	6.66	6.67	6.79
Retained Earnings	33.65	32.94	20.92	12.35	9.1
Shareholders' Equity	41.04	39.9	27.58	19.01	15.89
Total Liabilities & Equity	150.59	150.09	139.77	131.81	91.42
Total Debt	100.36	101.68	100.77	102.12	65.55
Net Cash (Debt)	-96.03	-97.44	-99	-100.69	-61.33
Net Cash Per Share	-10.00	-10.76	-11.44	-11.62	-6.94
Filing Date Shares Outstanding	9.61	9.06	8.66	8.67	8.83
Total Common Shares Outstanding	9.61	9.06	8.66	8.67	8.83
Book Value Per Share	4.27	4.41	3.19	2.19	1.80
Tangible Book Value	41.04	39.9	27.58	19.01	15.89
Tangible Book Value Per Share	4.27	4.41	3.19	2.19	1.80

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.