TSXV:MAR.UN Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020
Rental Revenue	10.58	10.35	9.96	7.17	3.34	Upgrade
Total Revenue	10.58	10.35	9.96	7.17	3.34	Upgrade
Revenue Growth (YoY	2.30%	3.89%	38.88%	114.71%	-	Upgrade
Property Expenses	4.19	3.47	3.6	2.87	1.32	Upgrade
Selling, General & Administrative	0.87	0.84	0.89	0.72	0.44	Upgrade
Total Operating Expenses	5.08	4.27	4.48	3.57	1.74	Upgrade
Operating Income	5.51	6.08	5.48	3.6	1.6	Upgrade
Interest Expense	-3.22	-3.29	-3.19	-2.11	-0.88	Upgrade
Interest & Investment Income	0.12	0.17	0.08	0.05	0.01	Upgrade
Other Non-Operating Income	-1.85	1.97	-1.19	-0.22	2.39	Upgrade
EBT Excluding Unusual Items	0.56	4.93	1.19	1.32	3.12	Upgrade
Asset Writedown	0.31	7.23	7.51	2.08	6.1	Upgrade
Pretax Income	0.87	12.16	8.7	3.4	9.22	Upgrade
Net Income	0.87	12.16	8.7	3.4	9.22	Upgrade
Net Income to Common	0.87	12.16	8.7	3.4	9.22	Upgrade
Net Income Growth	-92.86%	39.70%	155.81%	-63.09%	-	Upgrade
Basic Shares Outstanding	10	9	9	9	9	Upgrade
Diluted Shares Outstanding	10	9	9	9	9	Upgrade
Shares Change (YoY)	6.07%	4.59%	-0.11%	-1.86%	-	Upgrade
EPS (Basic)	0.09	1.34	1.01	0.39	1.04	Upgrade
EPS (Diluted)	0.09	1.34	1.01	0.39	1.04	Upgrade
EPS Growth	-93.27%	33.56%	156.11%	-62.39%	-	Upgrade
Dividend Per Share	0.016	0.015	0.015	0.015	0.001	Upgrade
Dividend Growth	5.65%	2.31%	0.83%	1100.00%	-	Upgrade
Operating Margin	52.04%	58.73%	55.01%	50.24%	47.86%	Upgrade
Profit Margin	8.20%	117.49%	87.37%	47.43%	275.91%	Upgrade
EBIT	5.51	6.08	5.48	3.6	1.6	Upgrade
EBIT Margin	52.04%	58.73%	55.01%	50.24%	47.86%	Upgrade
Funds From Operations (FFO)	1.89	2.39	1.89	1.56	0.82	Upgrade
Adjusted Funds From Operations (AFFO)	1.67	1.99	1.82	1.36	0.7	Upgrade
FFO Payout Ratio	7.99%	5.70%	6.91%	8.40%	-	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.