
InterRent Real Estate Investment Trust
TSX:IIP.UN

Income Statement
Earnings Waterfall
InterRent Real Estate Investment Trust
Revenue
|
247.3m
CAD
|
Cost of Revenue
|
-56.4m
CAD
|
Gross Profit
|
190.8m
CAD
|
Operating Expenses
|
-43.2m
CAD
|
Operating Income
|
147.6m
CAD
|
Other Expenses
|
-320.2m
CAD
|
Net Income
|
-172.5m
CAD
|
Income Statement
InterRent Real Estate Investment Trust
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 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense |
15
|
16
|
17
|
18
|
19
|
20
|
21
|
22
|
22
|
22
|
22
|
23
|
24
|
26
|
27
|
28
|
28
|
29
|
29
|
29
|
30
|
30
|
30
|
30
|
30
|
31
|
32
|
34
|
37
|
40
|
45
|
50
|
55
|
59
|
62
|
63
|
64
|
63
|
62
|
61
|
60
|
|
Revenue |
68
N/A
|
73
+7%
|
78
+7%
|
83
+7%
|
89
+7%
|
93
+5%
|
95
+3%
|
98
+2%
|
99
+1%
|
100
+2%
|
104
+4%
|
109
+5%
|
114
+5%
|
119
+4%
|
123
+4%
|
127
+4%
|
131
+3%
|
135
+3%
|
140
+4%
|
145
+4%
|
151
+4%
|
155
+3%
|
157
+1%
|
160
+2%
|
164
+2%
|
170
+4%
|
177
+4%
|
185
+5%
|
194
+5%
|
202
+4%
|
210
+4%
|
216
+3%
|
222
+3%
|
228
+3%
|
232
+2%
|
237
+2%
|
241
+2%
|
244
+1%
|
246
+1%
|
246
+0%
|
247
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(19)
|
(21)
|
(22)
|
(23)
|
(25)
|
(26)
|
(26)
|
(27)
|
(27)
|
(28)
|
(28)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(30)
|
(31)
|
(32)
|
(33)
|
(35)
|
(37)
|
(38)
|
(40)
|
(41)
|
(44)
|
(46)
|
(48)
|
(50)
|
(52)
|
(53)
|
(55)
|
(55)
|
(56)
|
(56)
|
(56)
|
(56)
|
(56)
|
(55)
|
(56)
|
|
Gross Profit |
49
N/A
|
52
+8%
|
56
+7%
|
60
+7%
|
64
+7%
|
67
+5%
|
69
+3%
|
70
+2%
|
72
+2%
|
73
+2%
|
76
+5%
|
81
+6%
|
85
+6%
|
90
+5%
|
94
+5%
|
98
+5%
|
101
+3%
|
105
+3%
|
109
+5%
|
114
+4%
|
118
+4%
|
120
+2%
|
121
+1%
|
122
+1%
|
124
+2%
|
129
+4%
|
133
+4%
|
140
+5%
|
146
+5%
|
151
+4%
|
158
+4%
|
163
+3%
|
167
+3%
|
173
+3%
|
177
+2%
|
181
+3%
|
185
+2%
|
188
+2%
|
190
+1%
|
191
+1%
|
191
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(14)
|
(15)
|
(16)
|
(18)
|
(19)
|
(20)
|
(21)
|
(21)
|
(21)
|
(21)
|
(22)
|
(23)
|
(24)
|
(25)
|
(26)
|
(27)
|
(27)
|
(28)
|
(28)
|
(29)
|
(29)
|
(30)
|
(29)
|
(30)
|
(31)
|
(32)
|
(34)
|
(35)
|
(36)
|
(37)
|
(38)
|
(39)
|
(39)
|
(39)
|
(40)
|
(42)
|
(43)
|
(43)
|
(43)
|
(43)
|
(43)
|
|
Selling, General & Administrative |
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(20)
|
(21)
|
(21)
|
(21)
|
(22)
|
(22)
|
(23)
|
(24)
|
(25)
|
(26)
|
(27)
|
(28)
|
(28)
|
(29)
|
(30)
|
(30)
|
(30)
|
(30)
|
(31)
|
(32)
|
(33)
|
(34)
|
(35)
|
(36)
|
(38)
|
(39)
|
(39)
|
(40)
|
(40)
|
(41)
|
(42)
|
(43)
|
(43)
|
(44)
|
(43)
|
(43)
|
|
Other Operating Expenses |
1
|
1
|
1
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
35
N/A
|
37
+8%
|
40
+7%
|
42
+5%
|
45
+6%
|
47
+5%
|
48
+2%
|
49
+2%
|
50
+2%
|
51
+2%
|
54
+5%
|
57
+6%
|
61
+6%
|
65
+6%
|
68
+5%
|
72
+5%
|
74
+3%
|
77
+4%
|
81
+5%
|
85
+4%
|
88
+4%
|
90
+2%
|
91
+1%
|
91
0%
|
93
+2%
|
96
+4%
|
100
+3%
|
105
+5%
|
110
+5%
|
114
+3%
|
120
+5%
|
124
+4%
|
128
+3%
|
133
+4%
|
136
+2%
|
139
+2%
|
143
+2%
|
145
+2%
|
146
+1%
|
148
+1%
|
148
+0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(8)
|
(7)
|
6
|
9
|
8
|
5
|
(11)
|
(6)
|
(5)
|
27
|
124
|
150
|
175
|
193
|
166
|
168
|
156
|
122
|
121
|
324
|
308
|
305
|
233
|
41
|
137
|
180
|
262
|
293
|
259
|
224
|
140
|
(58)
|
(58)
|
(83)
|
(168)
|
(46)
|
(110)
|
(152)
|
(167)
|
(324)
|
(336)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
(44)
|
(44)
|
(44)
|
(44)
|
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
|
|
Total Other Income |
(3)
|
(2)
|
(3)
|
(2)
|
(2)
|
(5)
|
(4)
|
(3)
|
(2)
|
(1)
|
(2)
|
(6)
|
(11)
|
(16)
|
(22)
|
(27)
|
(36)
|
(25)
|
(40)
|
(23)
|
13
|
(0)
|
34
|
19
|
(13)
|
(20)
|
(33)
|
(29)
|
(10)
|
38
|
45
|
38
|
22
|
1
|
(5)
|
(1)
|
4
|
5
|
(0)
|
21
|
16
|
|
Pre-Tax Income |
24
N/A
|
29
+21%
|
44
+53%
|
50
+14%
|
50
+1%
|
46
-8%
|
33
-29%
|
39
+18%
|
44
+13%
|
77
+77%
|
176
+129%
|
201
+14%
|
181
-10%
|
198
+10%
|
168
-15%
|
168
0%
|
194
+15%
|
174
-10%
|
162
-7%
|
385
+137%
|
409
+6%
|
395
-3%
|
358
-9%
|
151
-58%
|
217
+44%
|
256
+18%
|
328
+28%
|
370
+13%
|
360
-3%
|
376
+5%
|
304
-19%
|
104
-66%
|
92
-11%
|
51
-44%
|
(36)
N/A
|
92
N/A
|
36
-61%
|
(2)
N/A
|
(21)
-1 166%
|
(156)
-632%
|
(173)
-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 |
24
|
29
|
44
|
50
|
50
|
46
|
33
|
39
|
44
|
77
|
176
|
201
|
181
|
198
|
168
|
168
|
194
|
174
|
162
|
385
|
409
|
395
|
358
|
151
|
217
|
256
|
328
|
370
|
360
|
376
|
304
|
104
|
92
|
51
|
(36)
|
92
|
36
|
(2)
|
(21)
|
(156)
|
(173)
|
|
Net Income (Common) |
24
N/A
|
29
+21%
|
44
+53%
|
50
+14%
|
50
+1%
|
46
-8%
|
33
-29%
|
39
+18%
|
44
+13%
|
77
+77%
|
176
+129%
|
201
+14%
|
181
-10%
|
198
+10%
|
168
-15%
|
168
0%
|
194
+15%
|
174
-10%
|
162
-7%
|
385
+137%
|
409
+6%
|
395
-3%
|
358
-9%
|
151
-58%
|
217
+44%
|
256
+18%
|
328
+28%
|
370
+13%
|
360
-3%
|
376
+5%
|
304
-19%
|
104
-66%
|
92
-11%
|
51
-44%
|
(36)
N/A
|
92
N/A
|
36
-61%
|
(2)
N/A
|
(21)
-1 166%
|
(156)
-632%
|
(173)
-11%
|
|
EPS (Diluted) |
0.36
N/A
|
0.4
+11%
|
0.61
+53%
|
0.7
+15%
|
0.71
+1%
|
0.65
-8%
|
0.46
-29%
|
0.54
+17%
|
0.6
+11%
|
0.92
+53%
|
2.1
+128%
|
2.4
+14%
|
2.15
-10%
|
2.02
-6%
|
1.6
-21%
|
1.67
+4%
|
1.76
+5%
|
1.57
-11%
|
1.3
-17%
|
3.28
+152%
|
3.26
-1%
|
3.03
-7%
|
2.52
-17%
|
1.12
-56%
|
1.54
+38%
|
1.8
+17%
|
2.3
+28%
|
2.59
+13%
|
2.51
-3%
|
2.62
+4%
|
2.11
-19%
|
0.72
-66%
|
0.64
-11%
|
0.35
-45%
|
-0.25
N/A
|
0.63
N/A
|
0.25
-60%
|
-0.01
N/A
|
-0.14
-1 300%
|
-1.05
-650%
|
-1.17
-11%
|