Dream Office Real Estate Investment Trust
TSX:D.UN
Income Statement
Earnings Waterfall
Dream Office Real Estate Investment Trust
Revenue
|
190.4m
CAD
|
Cost of Revenue
|
-88.1m
CAD
|
Gross Profit
|
102.3m
CAD
|
Operating Expenses
|
-10.9m
CAD
|
Operating Income
|
91.5m
CAD
|
Other Expenses
|
-168.7m
CAD
|
Net Income
|
-77.2m
CAD
|
Income Statement
Dream Office 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 |
687
N/A
|
704
+2%
|
710
+1%
|
708
0%
|
705
0%
|
700
-1%
|
698
0%
|
699
+0%
|
691
-1%
|
685
-1%
|
669
-2%
|
666
-1%
|
664
0%
|
650
-2%
|
621
-4%
|
562
-10%
|
474
-16%
|
386
-19%
|
315
-19%
|
264
-16%
|
242
-8%
|
235
-3%
|
233
-1%
|
229
-2%
|
229
0%
|
224
-2%
|
218
-3%
|
212
-3%
|
207
-2%
|
203
-2%
|
201
-1%
|
199
-1%
|
196
-2%
|
196
+0%
|
196
0%
|
195
0%
|
196
+1%
|
195
-1%
|
194
-1%
|
192
-1%
|
190
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(296)
|
(304)
|
(305)
|
(305)
|
(304)
|
(302)
|
(303)
|
(308)
|
(303)
|
(301)
|
(296)
|
(294)
|
(296)
|
(291)
|
(277)
|
(250)
|
(212)
|
(175)
|
(144)
|
(122)
|
(111)
|
(105)
|
(104)
|
(102)
|
(101)
|
(100)
|
(98)
|
(96)
|
(94)
|
(93)
|
(92)
|
(91)
|
(89)
|
(89)
|
(90)
|
(90)
|
(90)
|
(88)
|
(88)
|
(88)
|
(88)
|
|
Gross Profit |
392
N/A
|
400
+2%
|
405
+1%
|
404
0%
|
402
-1%
|
398
-1%
|
395
-1%
|
392
-1%
|
388
-1%
|
384
-1%
|
374
-3%
|
372
-1%
|
369
-1%
|
360
-2%
|
345
-4%
|
312
-9%
|
262
-16%
|
211
-19%
|
170
-19%
|
142
-16%
|
132
-7%
|
129
-2%
|
129
-1%
|
128
-1%
|
128
N/A
|
124
-3%
|
120
-3%
|
116
-3%
|
113
-3%
|
110
-2%
|
109
-1%
|
109
-1%
|
107
-1%
|
107
0%
|
106
-1%
|
105
-1%
|
106
+1%
|
106
+0%
|
106
-1%
|
104
-2%
|
102
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(20)
|
(21)
|
(22)
|
(23)
|
(23)
|
(23)
|
(19)
|
(15)
|
(11)
|
(10)
|
(12)
|
(14)
|
(12)
|
(15)
|
(18)
|
(18)
|
(15)
|
(17)
|
(15)
|
(15)
|
(14)
|
(15)
|
(14)
|
(13)
|
(12)
|
(13)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
|
Selling, General & Administrative |
(24)
|
(24)
|
(25)
|
(25)
|
(24)
|
(24)
|
(20)
|
(16)
|
(12)
|
(10)
|
(10)
|
(11)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(13)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
|
Depreciation & Amortization |
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(7)
|
(7)
|
(7)
|
(6)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Other Operating Expenses |
7
|
6
|
5
|
5
|
5
|
5
|
5
|
4
|
4
|
3
|
2
|
0
|
4
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
372
N/A
|
379
+2%
|
383
+1%
|
381
-1%
|
379
-1%
|
376
-1%
|
377
+0%
|
377
+0%
|
376
0%
|
374
-1%
|
362
-3%
|
358
-1%
|
357
0%
|
344
-3%
|
327
-5%
|
294
-10%
|
247
-16%
|
194
-22%
|
155
-20%
|
128
-18%
|
118
-8%
|
115
-2%
|
115
N/A
|
115
0%
|
115
+0%
|
112
-3%
|
108
-3%
|
104
-4%
|
102
-2%
|
99
-2%
|
98
-1%
|
98
0%
|
97
-1%
|
96
-1%
|
95
-1%
|
95
-1%
|
96
+1%
|
96
+0%
|
95
-1%
|
93
-2%
|
91
-2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
81
|
(22)
|
(125)
|
(160)
|
(209)
|
(195)
|
(204)
|
(230)
|
(235)
|
(391)
|
(1 103)
|
(1 094)
|
(1 187)
|
(1 065)
|
(319)
|
(313)
|
(78)
|
(15)
|
3
|
63
|
38
|
26
|
53
|
13
|
14
|
71
|
78
|
121
|
74
|
24
|
(5)
|
48
|
61
|
103
|
144
|
82
|
(30)
|
(81)
|
(196)
|
(210)
|
(167)
|
|
Non-Reccuring Items |
(7)
|
(10)
|
(9)
|
(10)
|
(10)
|
(9)
|
(137)
|
(139)
|
(195)
|
(199)
|
(93)
|
(95)
|
(48)
|
(56)
|
(44)
|
(46)
|
(38)
|
(25)
|
(14)
|
(7)
|
(7)
|
(6)
|
(5)
|
(5)
|
(3)
|
(3)
|
(1)
|
0
|
0
|
0
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
|
Pre-Tax Income |
445
N/A
|
347
-22%
|
249
-28%
|
211
-15%
|
160
-24%
|
171
+7%
|
36
-79%
|
8
-78%
|
(53)
N/A
|
(216)
-304%
|
(834)
-287%
|
(832)
+0%
|
(878)
-6%
|
(777)
+11%
|
(36)
+95%
|
(65)
-83%
|
131
N/A
|
155
+18%
|
144
-7%
|
185
+28%
|
148
-20%
|
135
-9%
|
163
+21%
|
123
-25%
|
126
+3%
|
180
+42%
|
185
+3%
|
225
+21%
|
176
-22%
|
123
-30%
|
91
-26%
|
143
+57%
|
155
+9%
|
196
+26%
|
237
+21%
|
174
-27%
|
64
-63%
|
13
-80%
|
(103)
N/A
|
(117)
-14%
|
(77)
+34%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
0
|
0
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
4
|
4
|
4
|
4
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
445
|
347
|
249
|
212
|
159
|
171
|
35
|
6
|
(55)
|
(217)
|
(836)
|
(833)
|
(880)
|
(779)
|
(37)
|
(67)
|
135
|
159
|
148
|
189
|
148
|
135
|
163
|
123
|
126
|
180
|
186
|
225
|
177
|
124
|
92
|
144
|
155
|
196
|
237
|
173
|
64
|
13
|
(103)
|
(117)
|
(77)
|
|
Net Income (Common) |
445
N/A
|
347
-22%
|
249
-28%
|
212
-15%
|
159
-25%
|
171
+7%
|
35
-79%
|
6
-82%
|
(55)
N/A
|
(217)
-295%
|
(836)
-285%
|
(833)
+0%
|
(880)
-6%
|
(779)
+11%
|
(37)
+95%
|
(67)
-78%
|
135
N/A
|
167
+24%
|
158
-6%
|
200
+27%
|
158
-21%
|
135
-14%
|
156
+16%
|
113
-28%
|
117
+4%
|
172
+47%
|
183
+6%
|
225
+23%
|
177
-21%
|
123
-31%
|
90
-26%
|
143
+58%
|
154
+8%
|
196
+27%
|
237
+21%
|
173
-27%
|
64
-63%
|
13
-80%
|
(103)
N/A
|
(117)
-14%
|
(77)
+34%
|
|
EPS (Diluted) |
4.07
N/A
|
3.17
-22%
|
2.26
-29%
|
1.92
-15%
|
1.45
-24%
|
1.55
+7%
|
0.3
-81%
|
0.05
-83%
|
-0.49
N/A
|
-1.91
-290%
|
-7.2
-277%
|
-7.26
-1%
|
-7.7
-6%
|
-7.06
+8%
|
-0.35
+95%
|
-0.71
-103%
|
1.38
N/A
|
2.32
+68%
|
2.25
-3%
|
3.01
+34%
|
2.26
-25%
|
2.07
-8%
|
2.4
+16%
|
1.79
-25%
|
1.83
+2%
|
2.76
+51%
|
2.99
+8%
|
3.71
+24%
|
2.93
-21%
|
2.15
-27%
|
1.59
-26%
|
2.54
+60%
|
5.48
+116%
|
3.65
-33%
|
4.43
+21%
|
3.25
-27%
|
2.39
-26%
|
0.24
-90%
|
-4.15
N/A
|
-6.06
-46%
|
-3.47
+43%
|