Urbanfund Balance Sheet

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
Property, Plant & Equipment	109.48	108.84	107.25	104.44	101.54	92.11
Cash & Equivalents	10.19	12.28	3.57	12.99	10.37	6.53
Accounts Receivable	0.58	0.73	0.59	0.78	0.37	0.86
Other Receivables	0.13	0.13	5.13	0.13	0.79	0.13
Investment In Debt and Equity Securities	-	-	-	0.25	0.25	0.25
Other Current Assets	1.92	3.19	11.27	10.84	10.43	8.61
Other Long-Term Assets	34.03	30.43	27.6	21.35	20.73	15.6
Total Assets	156.32	155.6	155.41	150.78	144.47	124.09
Current Portion of Long-Term Debt	10.35	10.3	10.1	12.77	10.38	25.55
Long-Term Debt	43.99	45.21	55	52.31	55.39	29
Accounts Payable	1.19	1.26	1.39	1.5	1.76	4.09
Accrued Expenses	0.07	0.05	0.11	0.11	0.11	0.1
Current Income Taxes Payable	0.4	1.48	0.01	0.95	-	0.38
Other Current Liabilities	0.45	0.44	0.45	-	-	-
Long-Term Deferred Tax Liabilities	12.57	11.87	10.63	9.55	8.66	6.53
Other Long-Term Liabilities	-	-	-	0.44	0.46	0.19
Total Liabilities	69.01	70.6	77.69	77.63	76.76	65.85
Preferred Stock, Convertible	1.11	1.11	1.11	1.11	1.11	1.11
Common Stock	17	16.88	16.24	15.4	14.6	13.19
Retained Earnings	67.37	65.13	58.55	55.16	50.76	43.07
Total Common Equity	84.37	82.01	74.78	70.55	65.36	56.26
Minority Interest	1.83	1.88	1.82	1.48	1.24	0.87
Shareholders' Equity	87.32	85	77.72	73.15	67.71	58.24
Total Liabilities & Equity	156.32	155.6	155.41	150.78	144.47	124.09
Total Debt	54.34	55.51	65.1	65.07	65.78	54.55
Net Cash (Debt)	-44.15	-43.23	-61.54	-52.08	-55.41	-48.02
Net Cash Per Share	-0.72	-0.71	-1.03	-0.88	-0.96	-0.86
Filing Date Shares Outstanding	53.81	53.71	53.26	52.09	51.35	50.3
Total Common Shares Outstanding	53.76	53.6	52.8	51.81	50.99	49.35
Book Value Per Share	1.57	1.53	1.42	1.36	1.28	1.14
Tangible Book Value	84.37	82.01	74.78	70.55	65.36	56.26
Tangible Book Value Per Share	1.57	1.53	1.42	1.36	1.28	1.14

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