Firm Capital Property Trust
TSX:FCD.UN
Income Statement
Earnings Waterfall
Firm Capital Property Trust
Revenue
|
57.5m
CAD
|
Cost of Revenue
|
-20.8m
CAD
|
Gross Profit
|
36.7m
CAD
|
Operating Expenses
|
-4.2m
CAD
|
Operating Income
|
32.5m
CAD
|
Other Expenses
|
-17.1m
CAD
|
Net Income
|
15.4m
CAD
|
Income Statement
Firm Capital Property 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 |
6
N/A
|
7
+22%
|
8
+16%
|
9
+16%
|
10
+8%
|
11
+10%
|
12
+9%
|
12
+4%
|
13
+7%
|
14
+5%
|
14
+6%
|
15
+6%
|
16
+5%
|
17
+7%
|
18
+5%
|
19
+3%
|
19
+2%
|
20
+3%
|
21
+4%
|
21
+3%
|
22
+3%
|
23
+4%
|
26
+13%
|
31
+19%
|
36
+16%
|
41
+13%
|
43
+6%
|
44
+2%
|
45
+1%
|
45
+0%
|
45
+1%
|
45
+1%
|
46
+2%
|
48
+4%
|
50
+5%
|
52
+3%
|
54
+4%
|
55
+2%
|
56
+1%
|
57
+2%
|
58
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(12)
|
(13)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
(19)
|
(19)
|
(19)
|
(21)
|
(21)
|
|
Gross Profit |
3
N/A
|
4
+20%
|
5
+14%
|
5
+14%
|
6
+9%
|
6
+8%
|
7
+9%
|
7
+4%
|
8
+6%
|
8
+5%
|
8
+6%
|
9
+6%
|
9
+5%
|
10
+7%
|
11
+6%
|
11
+3%
|
12
+5%
|
12
+3%
|
12
+5%
|
13
+3%
|
13
+2%
|
14
+6%
|
16
+16%
|
20
+22%
|
23
+17%
|
26
+14%
|
27
+5%
|
28
+3%
|
29
+1%
|
29
+0%
|
29
+1%
|
29
+2%
|
30
+3%
|
31
+4%
|
33
+6%
|
34
+3%
|
35
+4%
|
36
+3%
|
36
+0%
|
36
0%
|
37
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
(4)
|
(3)
|
(4)
|
(3)
|
(4)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(5)
|
(5)
|
(4)
|
1
|
1
|
0
|
(4)
|
|
Selling, General & Administrative |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
(4)
|
(3)
|
(4)
|
(3)
|
(4)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
|
Other Operating Expenses |
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
|
5
|
5
|
5
|
0
|
|
Operating Income |
3
N/A
|
3
+23%
|
4
+16%
|
4
+10%
|
5
+14%
|
5
+6%
|
6
+11%
|
6
+7%
|
6
+3%
|
7
+4%
|
7
+4%
|
7
+2%
|
8
+8%
|
8
+8%
|
9
+5%
|
9
+3%
|
9
+6%
|
10
+5%
|
10
+6%
|
11
+5%
|
11
+2%
|
11
+2%
|
14
+22%
|
16
+18%
|
19
+16%
|
23
+23%
|
24
+2%
|
25
+5%
|
25
+0%
|
23
-8%
|
22
-5%
|
22
+2%
|
22
+1%
|
24
+7%
|
28
+17%
|
30
+6%
|
31
+6%
|
38
+20%
|
37
-1%
|
37
-2%
|
32
-11%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
1
|
1
|
0
|
(0)
|
(1)
|
1
|
3
|
3
|
3
|
0
|
(2)
|
(1)
|
(0)
|
3
|
5
|
6
|
10
|
8
|
7
|
5
|
0
|
3
|
2
|
17
|
5
|
(1)
|
(2)
|
(9)
|
9
|
38
|
43
|
36
|
30
|
(26)
|
(33)
|
(33)
|
(39)
|
(13)
|
(19)
|
(17)
|
|
Non-Reccuring Items |
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
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
1
|
1
|
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 |
4
N/A
|
4
+12%
|
4
+4%
|
5
+2%
|
5
+5%
|
5
-4%
|
7
+58%
|
9
+24%
|
9
+5%
|
10
+10%
|
8
-22%
|
6
-20%
|
8
+24%
|
8
+2%
|
12
+48%
|
14
+20%
|
16
+13%
|
20
+25%
|
19
-7%
|
18
-3%
|
16
-13%
|
12
-25%
|
17
+46%
|
18
+4%
|
36
+98%
|
28
-21%
|
23
-19%
|
23
+0%
|
16
-31%
|
31
+98%
|
59
+89%
|
65
+10%
|
58
-11%
|
54
-8%
|
1
-97%
|
(3)
N/A
|
(1)
+64%
|
(1)
+4%
|
25
N/A
|
17
-30%
|
15
-11%
|
|
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 |
4
|
4
|
4
|
5
|
5
|
5
|
7
|
9
|
9
|
10
|
8
|
6
|
8
|
8
|
12
|
14
|
16
|
20
|
19
|
18
|
16
|
12
|
17
|
18
|
36
|
28
|
23
|
23
|
16
|
31
|
59
|
65
|
58
|
54
|
1
|
(3)
|
(1)
|
(1)
|
25
|
17
|
15
|
|
Net Income (Common) |
4
N/A
|
4
+12%
|
4
+4%
|
5
+2%
|
5
+5%
|
5
-4%
|
7
+58%
|
9
+24%
|
9
+5%
|
10
+10%
|
8
-22%
|
6
-20%
|
8
+24%
|
8
+2%
|
12
+48%
|
14
+20%
|
16
+13%
|
20
+25%
|
19
-7%
|
18
-3%
|
16
-13%
|
12
-25%
|
17
+46%
|
18
+4%
|
36
+98%
|
28
-21%
|
23
-19%
|
23
+0%
|
16
-31%
|
31
+98%
|
59
+89%
|
65
+10%
|
58
-11%
|
54
-8%
|
1
-97%
|
(3)
N/A
|
(1)
+64%
|
(1)
+4%
|
25
N/A
|
17
-30%
|
15
-11%
|
|
EPS (Diluted) |
0.67
N/A
|
0.6
-10%
|
0.62
+3%
|
0.64
+3%
|
0.65
+2%
|
0.48
-26%
|
0.76
+58%
|
0.86
+13%
|
0.93
+8%
|
0.9
-3%
|
0.7
-22%
|
0.5
-29%
|
0.66
+32%
|
0.63
-5%
|
0.94
+49%
|
1.12
+19%
|
1.19
+6%
|
1.25
+5%
|
1.09
-13%
|
1.03
-6%
|
0.9
-13%
|
0.62
-31%
|
0.66
+6%
|
0.68
+3%
|
1.17
+72%
|
0.92
-21%
|
0.79
-14%
|
0.77
-3%
|
0.54
-30%
|
1.06
+96%
|
1.76
+66%
|
1.91
+9%
|
1.72
-10%
|
1.59
-8%
|
0.03
-98%
|
-0.08
N/A
|
-0.03
+63%
|
-0.03
N/A
|
0.68
N/A
|
0.47
-31%
|
0.42
-11%
|