
Plaza Retail REIT
TSX:PLZ.UN

Income Statement
Earnings Waterfall
Plaza Retail REIT
Revenue
|
122.8m
CAD
|
Cost of Revenue
|
-17.3m
CAD
|
Gross Profit
|
105.5m
CAD
|
Operating Expenses
|
-39.3m
CAD
|
Operating Income
|
66.3m
CAD
|
Other Expenses
|
-41.3m
CAD
|
Net Income
|
24.9m
CAD
|
Income Statement
Plaza Retail REIT
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 |
27
|
27
|
27
|
28
|
28
|
28
|
28
|
27
|
27
|
26
|
26
|
26
|
26
|
27
|
26
|
27
|
27
|
28
|
29
|
30
|
29
|
29
|
29
|
29
|
29
|
29
|
28
|
28
|
28
|
27
|
27
|
28
|
28
|
28
|
28
|
28
|
28
|
28
|
29
|
30
|
30
|
|
Revenue |
94
N/A
|
94
+0%
|
95
+1%
|
96
+1%
|
97
+1%
|
98
+1%
|
99
+2%
|
100
+1%
|
101
+1%
|
103
+2%
|
102
0%
|
103
+0%
|
104
+1%
|
103
0%
|
104
+1%
|
104
+0%
|
110
+6%
|
110
+0%
|
111
+1%
|
113
+1%
|
108
-4%
|
108
+0%
|
108
-1%
|
107
-1%
|
106
-1%
|
109
+3%
|
110
+1%
|
111
+0%
|
112
+1%
|
110
-2%
|
111
+1%
|
111
+1%
|
112
+0%
|
112
+1%
|
113
+1%
|
114
+1%
|
115
+1%
|
117
+2%
|
120
+2%
|
121
+1%
|
123
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(34)
|
(34)
|
(35)
|
(35)
|
(35)
|
(36)
|
(37)
|
(38)
|
(38)
|
(38)
|
(38)
|
(39)
|
(39)
|
(40)
|
(40)
|
(40)
|
(40)
|
(40)
|
(39)
|
(40)
|
(40)
|
(41)
|
(40)
|
(38)
|
(38)
|
(37)
|
(37)
|
(39)
|
(33)
|
(27)
|
(21)
|
(15)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
|
Gross Profit |
60
N/A
|
60
0%
|
60
+1%
|
61
+1%
|
61
+1%
|
62
+0%
|
62
+1%
|
63
+1%
|
63
0%
|
65
+3%
|
65
0%
|
64
0%
|
64
+0%
|
63
-2%
|
64
+1%
|
64
+0%
|
70
+10%
|
70
+0%
|
72
+2%
|
73
+1%
|
68
-6%
|
68
-1%
|
67
-1%
|
69
+2%
|
68
-1%
|
72
+6%
|
73
+1%
|
72
-1%
|
79
+10%
|
83
+5%
|
89
+8%
|
96
+8%
|
96
+0%
|
96
+0%
|
97
+1%
|
97
+1%
|
98
+1%
|
100
+2%
|
103
+2%
|
104
+2%
|
106
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(6)
|
(5)
|
(4)
|
(4)
|
(11)
|
(17)
|
(24)
|
(30)
|
(30)
|
(30)
|
(30)
|
(31)
|
(32)
|
(34)
|
(35)
|
(38)
|
(39)
|
|
Selling, General & Administrative |
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(7)
|
(7)
|
(14)
|
(20)
|
(27)
|
(33)
|
(34)
|
(34)
|
(34)
|
(35)
|
(36)
|
(37)
|
(39)
|
(41)
|
(43)
|
|
Other Operating Expenses |
3
|
3
|
2
|
3
|
3
|
3
|
3
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
4
|
4
|
3
|
3
|
2
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
4
|
4
|
4
|
3
|
3
|
3
|
4
|
4
|
|
Operating Income |
54
N/A
|
54
-1%
|
54
0%
|
55
+3%
|
55
+0%
|
56
+0%
|
57
+2%
|
56
-1%
|
56
0%
|
58
+3%
|
57
-1%
|
57
-1%
|
57
+1%
|
56
-1%
|
57
+0%
|
57
+0%
|
63
+11%
|
63
+1%
|
65
+3%
|
67
+2%
|
62
-6%
|
62
-1%
|
61
-2%
|
62
+3%
|
62
-1%
|
67
+8%
|
69
+3%
|
68
-1%
|
68
+1%
|
66
-4%
|
66
0%
|
66
+0%
|
66
+0%
|
66
+0%
|
66
+0%
|
66
-1%
|
66
+0%
|
67
+1%
|
67
+0%
|
66
-1%
|
66
0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(16)
|
(3)
|
(3)
|
(15)
|
(27)
|
(24)
|
(26)
|
(22)
|
(26)
|
(34)
|
(34)
|
(33)
|
(35)
|
(32)
|
(33)
|
(42)
|
(31)
|
(22)
|
(20)
|
(14)
|
(29)
|
(77)
|
(77)
|
(76)
|
(61)
|
(14)
|
3
|
34
|
49
|
38
|
17
|
(10)
|
(28)
|
(23)
|
(27)
|
(42)
|
(41)
|
(52)
|
(50)
|
(36)
|
(36)
|
|
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
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
Pre-Tax Income |
39
N/A
|
51
+33%
|
51
-1%
|
40
-21%
|
28
-29%
|
32
+12%
|
30
-5%
|
34
+13%
|
30
-13%
|
24
-21%
|
24
0%
|
24
+0%
|
20
-15%
|
22
+8%
|
21
-2%
|
12
-44%
|
32
+166%
|
42
+30%
|
45
+7%
|
52
+16%
|
33
-36%
|
(15)
N/A
|
(17)
-8%
|
(14)
+16%
|
0
N/A
|
51
+14 172%
|
70
+37%
|
101
+44%
|
116
+14%
|
103
-11%
|
82
-21%
|
54
-33%
|
36
-34%
|
42
+16%
|
38
-8%
|
21
-46%
|
22
+7%
|
12
-45%
|
14
+15%
|
28
+100%
|
27
-1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(3)
|
(3)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
1
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
|
Income from Continuing Operations |
36
|
49
|
48
|
39
|
27
|
30
|
28
|
33
|
29
|
23
|
23
|
23
|
20
|
21
|
21
|
12
|
32
|
41
|
44
|
51
|
33
|
(15)
|
(16)
|
(15)
|
(1)
|
50
|
69
|
101
|
114
|
101
|
81
|
54
|
36
|
42
|
38
|
20
|
22
|
11
|
13
|
25
|
25
|
|
Income to Minority Interest |
(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)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Net Income (Common) |
36
N/A
|
49
+35%
|
48
-1%
|
38
-21%
|
26
-31%
|
30
+12%
|
28
-6%
|
33
+17%
|
28
-13%
|
23
-19%
|
23
+1%
|
23
-1%
|
20
-14%
|
21
+6%
|
20
-3%
|
12
-41%
|
31
+160%
|
41
+31%
|
44
+8%
|
51
+16%
|
33
-36%
|
(15)
N/A
|
(16)
-6%
|
(15)
+7%
|
(1)
+96%
|
50
N/A
|
68
+38%
|
100
+46%
|
113
+13%
|
101
-11%
|
80
-20%
|
54
-33%
|
36
-33%
|
42
+16%
|
38
-9%
|
20
-47%
|
22
+8%
|
11
-48%
|
13
+15%
|
25
+92%
|
25
0%
|
|
EPS (Diluted) |
0.38
N/A
|
0.52
+37%
|
0.52
N/A
|
0.41
-21%
|
0.28
-32%
|
0.31
+11%
|
0.29
-6%
|
0.33
+14%
|
0.27
-18%
|
0.24
-11%
|
0.23
-4%
|
0.23
N/A
|
0.19
-17%
|
0.2
+5%
|
0.2
N/A
|
0.12
-40%
|
0.31
+158%
|
0.4
+29%
|
0.43
+7%
|
0.5
+16%
|
0.32
-36%
|
-0.15
N/A
|
-0.16
-7%
|
-0.15
+6%
|
-0.01
+93%
|
0.49
N/A
|
0.67
+37%
|
0.98
+46%
|
1.11
+13%
|
0.99
-11%
|
0.79
-20%
|
0.53
-33%
|
0.32
-40%
|
0.37
+16%
|
0.36
-3%
|
0.18
-50%
|
0.2
+11%
|
0.1
-50%
|
0.12
+20%
|
0.23
+92%
|
0.23
N/A
|