Choice Properties Real Estate Investment Trust
TSX:CHP.UN
Income Statement
Earnings Waterfall
Choice Properties Real Estate Investment Trust
Revenue
|
1.3B
CAD
|
Cost of Revenue
|
-390.1m
CAD
|
Gross Profit
|
944.7m
CAD
|
Operating Expenses
|
-60.9m
CAD
|
Operating Income
|
883.8m
CAD
|
Other Expenses
|
-87.1m
CAD
|
Net Income
|
796.7m
CAD
|
Income Statement
Choice Properties Real Estate Investment Trust
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 |
332
N/A
|
502
+51%
|
673
+34%
|
683
+2%
|
698
+2%
|
710
+2%
|
727
+2%
|
743
+2%
|
754
+1%
|
768
+2%
|
777
+1%
|
784
+1%
|
795
+1%
|
806
+1%
|
817
+1%
|
831
+2%
|
842
+1%
|
928
+10%
|
1 037
+12%
|
1 148
+11%
|
1 256
+9%
|
1 286
+2%
|
1 293
+1%
|
1 289
0%
|
1 291
+0%
|
1 281
-1%
|
1 267
-1%
|
1 271
+0%
|
1 272
+0%
|
1 281
+1%
|
1 288
+1%
|
1 292
+0%
|
1 294
+0%
|
1 283
-1%
|
1 276
-1%
|
1 265
-1%
|
1 261
0%
|
1 278
+1%
|
1 294
+1%
|
1 335
+3%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(86)
|
(129)
|
(172)
|
(173)
|
(177)
|
(181)
|
(186)
|
(192)
|
(196)
|
(199)
|
(201)
|
(200)
|
(201)
|
(206)
|
(209)
|
(210)
|
(215)
|
(239)
|
(271)
|
(314)
|
(351)
|
(365)
|
(367)
|
(368)
|
(373)
|
(385)
|
(381)
|
(384)
|
(385)
|
(377)
|
(381)
|
(380)
|
(380)
|
(375)
|
(372)
|
(364)
|
(360)
|
(361)
|
(362)
|
(390)
|
|
Gross Profit |
246
N/A
|
374
+52%
|
501
+34%
|
510
+2%
|
521
+2%
|
529
+2%
|
542
+2%
|
551
+2%
|
558
+1%
|
569
+2%
|
576
+1%
|
583
+1%
|
594
+2%
|
601
+1%
|
608
+1%
|
621
+2%
|
627
+1%
|
689
+10%
|
766
+11%
|
834
+9%
|
905
+9%
|
921
+2%
|
927
+1%
|
920
-1%
|
917
0%
|
897
-2%
|
885
-1%
|
887
+0%
|
887
+0%
|
904
+2%
|
907
+0%
|
912
+1%
|
914
+0%
|
908
-1%
|
904
0%
|
901
0%
|
902
+0%
|
918
+2%
|
933
+2%
|
945
+1%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(10)
|
(16)
|
(22)
|
(24)
|
(24)
|
(24)
|
(23)
|
(23)
|
(23)
|
(29)
|
(28)
|
(29)
|
(29)
|
(24)
|
(23)
|
(23)
|
(18)
|
(21)
|
(26)
|
(27)
|
(35)
|
(35)
|
(34)
|
(38)
|
(37)
|
(45)
|
(45)
|
(41)
|
(41)
|
(34)
|
(34)
|
(37)
|
(38)
|
(40)
|
(42)
|
(45)
|
(48)
|
(51)
|
(56)
|
(61)
|
|
Selling, General & Administrative |
(11)
|
(17)
|
(23)
|
(25)
|
(27)
|
(28)
|
(29)
|
(31)
|
(32)
|
(39)
|
(38)
|
(40)
|
(40)
|
(35)
|
(34)
|
(35)
|
(31)
|
(37)
|
(46)
|
(50)
|
(61)
|
(62)
|
(61)
|
(62)
|
(64)
|
(72)
|
(71)
|
(67)
|
(70)
|
(62)
|
(62)
|
(61)
|
(62)
|
(61)
|
(60)
|
(62)
|
(65)
|
(67)
|
(72)
|
(75)
|
|
Depreciation & Amortization |
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)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Other Operating Expenses |
0
|
1
|
1
|
1
|
3
|
4
|
6
|
9
|
9
|
10
|
10
|
11
|
11
|
11
|
11
|
12
|
13
|
17
|
20
|
23
|
27
|
27
|
27
|
25
|
26
|
27
|
28
|
27
|
29
|
29
|
29
|
26
|
25
|
22
|
19
|
18
|
17
|
17
|
17
|
15
|
|
Operating Income |
236
N/A
|
358
+52%
|
478
+34%
|
487
+2%
|
496
+2%
|
506
+2%
|
518
+2%
|
528
+2%
|
535
+1%
|
540
+1%
|
548
+1%
|
554
+1%
|
565
+2%
|
577
+2%
|
585
+2%
|
598
+2%
|
609
+2%
|
668
+10%
|
740
+11%
|
807
+9%
|
871
+8%
|
887
+2%
|
893
+1%
|
883
-1%
|
880
0%
|
852
-3%
|
841
-1%
|
846
+1%
|
846
+0%
|
871
+3%
|
873
+0%
|
875
+0%
|
876
+0%
|
868
-1%
|
862
-1%
|
856
-1%
|
853
0%
|
867
+2%
|
877
+1%
|
884
+1%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(251)
|
(374)
|
(372)
|
(287)
|
(499)
|
(319)
|
(627)
|
(684)
|
(612)
|
(1 365)
|
(986)
|
(777)
|
(632)
|
(42)
|
39
|
(193)
|
411
|
98
|
(204)
|
(16)
|
(1 616)
|
(1 178)
|
(1 467)
|
(1 457)
|
(222)
|
(530)
|
(212)
|
(395)
|
(792)
|
(636)
|
(572)
|
(853)
|
(400)
|
(488)
|
303
|
(106)
|
(225)
|
308
|
(214)
|
(87)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(12)
|
(120)
|
(131)
|
(142)
|
(134)
|
(28)
|
(20)
|
(8)
|
(6)
|
(4)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
(5)
|
(5)
|
(5)
|
(5)
|
0
|
(0)
|
(0)
|
(0)
|
|
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
|
0
|
0
|
|
Pre-Tax Income |
(15)
N/A
|
(16)
-10%
|
106
N/A
|
200
+88%
|
(3)
N/A
|
187
N/A
|
(109)
N/A
|
(155)
-43%
|
(77)
+50%
|
(825)
-972%
|
(438)
+47%
|
(223)
+49%
|
(66)
+70%
|
535
N/A
|
625
+17%
|
405
-35%
|
1 008
+149%
|
646
-36%
|
405
-37%
|
650
+60%
|
(879)
N/A
|
(319)
+64%
|
(594)
-86%
|
(582)
+2%
|
652
N/A
|
318
-51%
|
627
+97%
|
449
-28%
|
54
-88%
|
234
+334%
|
301
+28%
|
22
-93%
|
472
+2 012%
|
375
-20%
|
1 159
+209%
|
744
-36%
|
628
-16%
|
1 175
+87%
|
663
-44%
|
797
+20%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
2
|
0
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
(0)
|
|
Income from Continuing Operations |
(15)
|
(16)
|
106
|
200
|
(3)
|
187
|
(109)
|
(155)
|
(77)
|
(825)
|
(438)
|
(223)
|
(66)
|
535
|
625
|
405
|
1 008
|
646
|
405
|
650
|
(880)
|
(320)
|
(594)
|
(581)
|
654
|
319
|
627
|
451
|
56
|
236
|
303
|
23
|
472
|
376
|
1 160
|
744
|
628
|
1 176
|
663
|
797
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(15)
N/A
|
(16)
-10%
|
106
N/A
|
200
+88%
|
(3)
N/A
|
187
N/A
|
(109)
N/A
|
(155)
-43%
|
(77)
+50%
|
(825)
-972%
|
(438)
+47%
|
(223)
+49%
|
(66)
+70%
|
535
N/A
|
625
+17%
|
404
-35%
|
1 007
+149%
|
645
-36%
|
404
-37%
|
650
+61%
|
(880)
N/A
|
(320)
+64%
|
(594)
-85%
|
(581)
+2%
|
654
N/A
|
319
-51%
|
627
+96%
|
451
-28%
|
56
-88%
|
236
+323%
|
303
+28%
|
23
-92%
|
472
+1 952%
|
376
-20%
|
1 160
+209%
|
744
-36%
|
628
-16%
|
1 176
+87%
|
663
-44%
|
797
+20%
|
|
EPS (Diluted) |
-0.16
N/A
|
-0.18
-13%
|
1.21
N/A
|
2.25
+86%
|
0
N/A
|
0.47
N/A
|
-0.26
N/A
|
-0.39
-50%
|
-0.18
+54%
|
-2.04
-1 033%
|
-1.09
+47%
|
-0.55
+50%
|
-0.17
+69%
|
1.31
N/A
|
1.52
+16%
|
0.99
-35%
|
1.89
+91%
|
1.12
-41%
|
0.6
-46%
|
1.11
+85%
|
-1.31
N/A
|
-0.46
+65%
|
-0.84
-83%
|
-0.84
N/A
|
0.94
N/A
|
0.45
-52%
|
0.89
+98%
|
0.64
-28%
|
0.07
-89%
|
0.33
+371%
|
0.41
+24%
|
0.03
-93%
|
0.65
+2 067%
|
0.52
-20%
|
1.6
+208%
|
1.03
-36%
|
0.87
-16%
|
1.62
+86%
|
0.92
-43%
|
1.1
+20%
|