Allied Properties Real Estate Investment Trust
TSX:AP.UN
Income Statement
Earnings Waterfall
Allied Properties Real Estate Investment Trust
Revenue
|
564m
CAD
|
Cost of Revenue
|
-235.7m
CAD
|
Gross Profit
|
328.3m
CAD
|
Operating Expenses
|
-54.9m
CAD
|
Operating Income
|
273.3m
CAD
|
Other Expenses
|
-699.1m
CAD
|
Net Income
|
-425.7m
CAD
|
Income Statement
Allied Properties Real Estate Investment Trust
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
302
N/A
|
314
+4%
|
322
+2%
|
330
+3%
|
338
+2%
|
344
+2%
|
355
+3%
|
360
+1%
|
365
+2%
|
370
+1%
|
373
+1%
|
379
+2%
|
390
+3%
|
399
+2%
|
407
+2%
|
417
+2%
|
419
+1%
|
424
+1%
|
428
+1%
|
431
+1%
|
436
+1%
|
446
+2%
|
456
+2%
|
489
+7%
|
542
+11%
|
564
+4%
|
583
+3%
|
580
0%
|
561
-3%
|
562
+0%
|
564
+0%
|
567
+1%
|
473
-17%
|
477
+1%
|
493
+3%
|
507
+3%
|
519
+2%
|
513
-1%
|
495
-4%
|
476
-4%
|
564
+18%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(126)
|
(131)
|
(134)
|
(137)
|
(136)
|
(142)
|
(145)
|
(147)
|
(150)
|
(153)
|
(156)
|
(159)
|
(169)
|
(172)
|
(176)
|
(180)
|
(175)
|
(177)
|
(179)
|
(181)
|
(182)
|
(185)
|
(187)
|
(210)
|
(250)
|
(259)
|
(271)
|
(263)
|
(237)
|
(237)
|
(234)
|
(233)
|
(199)
|
(200)
|
(206)
|
(211)
|
(214)
|
(213)
|
(207)
|
(200)
|
(236)
|
|
Gross Profit |
176
N/A
|
183
+4%
|
188
+3%
|
194
+3%
|
201
+4%
|
203
+1%
|
210
+4%
|
213
+1%
|
215
+1%
|
217
+1%
|
218
+0%
|
220
+1%
|
221
+0%
|
227
+3%
|
232
+2%
|
237
+2%
|
244
+3%
|
247
+1%
|
249
+1%
|
251
+1%
|
254
+1%
|
261
+3%
|
269
+3%
|
280
+4%
|
292
+4%
|
305
+4%
|
312
+3%
|
318
+2%
|
324
+2%
|
325
+0%
|
330
+1%
|
335
+1%
|
274
-18%
|
277
+1%
|
287
+3%
|
296
+3%
|
305
+3%
|
300
-2%
|
288
-4%
|
277
-4%
|
328
+19%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(12)
|
(13)
|
(14)
|
(14)
|
(17)
|
(15)
|
(16)
|
(18)
|
(19)
|
(20)
|
(21)
|
(23)
|
(21)
|
(23)
|
(24)
|
(26)
|
(30)
|
(28)
|
(27)
|
(24)
|
(24)
|
(27)
|
(30)
|
(32)
|
(32)
|
(33)
|
(32)
|
(31)
|
(30)
|
(29)
|
(32)
|
(32)
|
(34)
|
(35)
|
(34)
|
(35)
|
(35)
|
(50)
|
(52)
|
(44)
|
(55)
|
|
Selling, General & Administrative |
(7)
|
(8)
|
(8)
|
(8)
|
(10)
|
(8)
|
(9)
|
(10)
|
(11)
|
(12)
|
(12)
|
(13)
|
(11)
|
(13)
|
(14)
|
(15)
|
(19)
|
(19)
|
(20)
|
(21)
|
(23)
|
(25)
|
(28)
|
(30)
|
(31)
|
(32)
|
(30)
|
(30)
|
(28)
|
(28)
|
(30)
|
(30)
|
(33)
|
(34)
|
(33)
|
(33)
|
(33)
|
(33)
|
(33)
|
(35)
|
(35)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
|
Other Operating Expenses |
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(8)
|
(6)
|
(4)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(16)
|
(18)
|
(7)
|
(18)
|
|
Operating Income |
163
N/A
|
170
+4%
|
174
+3%
|
180
+3%
|
185
+3%
|
188
+2%
|
194
+3%
|
195
+1%
|
196
+0%
|
197
+0%
|
196
0%
|
197
+1%
|
200
+1%
|
203
+2%
|
207
+2%
|
212
+2%
|
215
+2%
|
219
+2%
|
222
+1%
|
226
+2%
|
230
+2%
|
234
+2%
|
240
+2%
|
248
+3%
|
260
+5%
|
272
+5%
|
281
+3%
|
287
+2%
|
294
+3%
|
296
+1%
|
298
+0%
|
303
+2%
|
240
-21%
|
242
+1%
|
252
+4%
|
261
+3%
|
271
+4%
|
249
-8%
|
236
-5%
|
233
-1%
|
273
+17%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
75
|
58
|
(13)
|
(38)
|
(33)
|
(55)
|
47
|
96
|
59
|
99
|
42
|
8
|
124
|
163
|
203
|
247
|
143
|
143
|
142
|
240
|
310
|
368
|
353
|
265
|
395
|
492
|
472
|
411
|
210
|
29
|
31
|
64
|
91
|
199
|
190
|
137
|
(80)
|
(294)
|
(380)
|
(478)
|
(832)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(8)
|
(11)
|
(26)
|
(22)
|
(18)
|
(16)
|
(3)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
(16)
|
(16)
|
0
|
0
|
(15)
|
(16)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
11
|
55
|
29
|
|
Pre-Tax Income |
239
N/A
|
228
-5%
|
161
-29%
|
142
-12%
|
152
+7%
|
133
-13%
|
241
+81%
|
292
+21%
|
254
-13%
|
296
+16%
|
238
-20%
|
206
-13%
|
324
+58%
|
367
+13%
|
411
+12%
|
459
+12%
|
358
-22%
|
363
+1%
|
363
+0%
|
466
+28%
|
540
+16%
|
599
+11%
|
585
-2%
|
502
-14%
|
629
+25%
|
741
+18%
|
734
-1%
|
682
-7%
|
501
-27%
|
323
-35%
|
329
+2%
|
367
+12%
|
331
-10%
|
441
+33%
|
443
+0%
|
382
-14%
|
175
-54%
|
(44)
N/A
|
(133)
-201%
|
(206)
-54%
|
(546)
-165%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
239
|
228
|
161
|
142
|
152
|
133
|
241
|
292
|
254
|
296
|
238
|
206
|
324
|
367
|
411
|
459
|
358
|
363
|
363
|
466
|
540
|
599
|
585
|
502
|
629
|
741
|
734
|
682
|
501
|
323
|
329
|
367
|
331
|
441
|
443
|
382
|
175
|
(44)
|
(133)
|
(206)
|
(546)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(4)
|
(7)
|
(9)
|
(9)
|
(7)
|
(5)
|
|
Net Income (Common) |
239
N/A
|
228
-5%
|
161
-29%
|
142
-12%
|
152
+7%
|
133
-13%
|
241
+81%
|
292
+21%
|
254
-13%
|
296
+16%
|
238
-20%
|
206
-13%
|
324
+58%
|
367
+13%
|
411
+12%
|
459
+12%
|
358
-22%
|
363
+1%
|
363
+0%
|
466
+28%
|
540
+16%
|
599
+11%
|
585
-2%
|
502
-14%
|
629
+25%
|
741
+18%
|
734
-1%
|
682
-7%
|
501
-27%
|
323
-35%
|
329
+2%
|
367
+12%
|
443
+21%
|
553
+25%
|
552
0%
|
490
-11%
|
369
-25%
|
165
-55%
|
191
+16%
|
113
-41%
|
(426)
N/A
|
|
EPS (Diluted) |
3.46
N/A
|
3.27
-5%
|
2.31
-29%
|
1.98
-14%
|
2.13
+8%
|
1.71
-20%
|
3.04
+78%
|
3.73
+23%
|
3.27
-12%
|
3.75
+15%
|
3.04
-19%
|
2.52
-17%
|
4.01
+59%
|
4.31
+7%
|
4.82
+12%
|
5.15
+7%
|
4.07
-21%
|
3.89
-4%
|
3.87
-1%
|
4.62
+19%
|
5.51
+19%
|
5.67
+3%
|
5.29
-7%
|
4.3
-19%
|
5.58
+30%
|
6
+8%
|
5.95
-1%
|
5.48
-8%
|
4.02
-27%
|
2.53
-37%
|
2.59
+2%
|
2.88
+11%
|
3.47
+20%
|
4.3
+24%
|
3.94
-8%
|
3.5
-11%
|
2.69
-23%
|
1.47
-45%
|
1.36
-7%
|
0.8
-41%
|
-3.04
N/A
|