Canadian Net Real Estate Investment Trust (TSXV:NET.UN)

TSXV:NET.UN Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	26.43	26.12	26.55	24.73	18.95	12.98
Other Revenue	2.18	1.86	3.08	-0.9	2.97	2.52
Total Revenue	28.61	27.99	29.63	23.83	21.92	15.5
Revenue Growth (YoY	-1.17%	-5.54%	24.34%	8.71%	41.41%	67.71%
Property Expenses	7.36	7.21	7.12	6.36	4.63	3.12
Selling, General & Administrative	1.26	1.25	1.02	0.89	0.81	0.73
Total Operating Expenses	9.51	9.22	8.68	7.85	5.75	3.88
Operating Income	19.1	18.76	20.95	15.98	16.17	11.62
Interest Expense	-7.25	-7.32	-7.64	-6.58	-4.68	-3.25
Interest & Investment Income	0.37	0.39	0.39	0.32	0.24	0.23
Other Non-Operating Income	-0.08	-0.07	0.21	0.53	0.08	0.9
EBT Excluding Unusual Items	12.14	11.76	13.91	10.24	11.82	9.49
Gain (Loss) on Sale of Assets	-	-	-	-	0.06	-0.18
Asset Writedown	3.78	-4.76	4.32	-16.74	13.36	0.31
Pretax Income	15.93	7.01	18.23	-6.5	25.24	9.62
Income Tax Expense	-0.1	-0.1	0.01	-0	0.15	0
Earnings From Continuing Operations	16.02	7.1	18.22	-6.49	25.09	9.62
Net Income	16.02	7.1	18.22	-6.49	25.09	9.62
Net Income to Common	16.02	7.1	18.22	-6.49	25.09	9.62
Net Income Growth	9.35%	-61.02%	-	-	160.78%	135.74%
Basic Shares Outstanding	21	21	21	21	19	15
Diluted Shares Outstanding	21	21	21	21	19	15
Shares Change (YoY)	0.07%	-0.06%	0.25%	10.44%	23.20%	34.89%
EPS (Basic)	0.78	0.35	0.89	-0.32	1.35	0.66
EPS (Diluted)	0.78	0.35	0.89	-0.32	1.35	0.65
EPS Growth	9.28%	-60.99%	-	-	106.83%	78.87%
Dividend Per Share	0.345	0.345	0.345	0.340	0.300	0.256
Dividend Growth	-	-	1.47%	13.33%	17.37%	15.14%
Operating Margin	66.75%	67.05%	70.70%	67.05%	73.76%	74.94%
Profit Margin	56.00%	25.38%	61.50%	-27.25%	114.46%	62.07%
EBIT	19.1	18.76	20.95	15.98	16.17	11.62
EBIT Margin	66.75%	67.05%	70.70%	67.05%	73.76%	74.94%
Funds From Operations (FFO)	12.61	12.36	13.06	13.04	10.79	7.13
Adjusted Funds From Operations (AFFO)	-	11.59	11.72	12.15	10.03	6.56
FFO Payout Ratio	56.27%	57.39%	54.33%	53.43%	51.68%	52.67%
Effective Tax Rate	-	-	0.03%	-	0.58%	0.02%

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