RioCan Real Estate Investment Trust
TSX:REI.UN
Income Statement
Earnings Waterfall
RioCan Real Estate Investment Trust
Revenue
|
1.1B
CAD
|
Cost of Revenue
|
-409.5m
CAD
|
Gross Profit
|
714.4m
CAD
|
Operating Expenses
|
-72.3m
CAD
|
Operating Income
|
642.1m
CAD
|
Other Expenses
|
-603.3m
CAD
|
Net Income
|
38.8m
CAD
|
Income Statement
RioCan 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 |
1 121
N/A
|
1 136
+1%
|
1 171
+3%
|
1 198
+2%
|
1 025
-14%
|
992
-3%
|
954
-4%
|
922
-3%
|
1 088
+18%
|
1 101
+1%
|
1 115
+1%
|
1 133
+2%
|
1 133
+0%
|
1 139
+1%
|
1 149
+1%
|
1 154
+0%
|
1 155
+0%
|
1 156
+0%
|
1 148
-1%
|
1 140
-1%
|
1 148
+1%
|
1 182
+3%
|
1 232
+4%
|
1 307
+6%
|
1 326
+2%
|
1 289
-3%
|
1 231
-4%
|
1 179
-4%
|
1 144
-3%
|
1 134
-1%
|
1 439
+27%
|
1 401
-3%
|
1 175
-16%
|
1 469
+25%
|
1 203
-18%
|
1 244
+3%
|
1 214
-2%
|
1 199
-1%
|
1 167
-3%
|
1 133
-3%
|
1 124
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(392)
|
(409)
|
(416)
|
(422)
|
(370)
|
(341)
|
(339)
|
(346)
|
(424)
|
(436)
|
(444)
|
(447)
|
(434)
|
(431)
|
(426)
|
(423)
|
(418)
|
(415)
|
(415)
|
(412)
|
(428)
|
(468)
|
(505)
|
(568)
|
(578)
|
(540)
|
(518)
|
(483)
|
(463)
|
(462)
|
(583)
|
(553)
|
(473)
|
(594)
|
(485)
|
(512)
|
(501)
|
(487)
|
(457)
|
(429)
|
(409)
|
|
Gross Profit |
729
N/A
|
726
0%
|
755
+4%
|
776
+3%
|
656
-15%
|
651
-1%
|
615
-6%
|
575
-6%
|
664
+15%
|
666
+0%
|
671
+1%
|
686
+2%
|
700
+2%
|
709
+1%
|
723
+2%
|
730
+1%
|
737
+1%
|
741
+0%
|
733
-1%
|
729
-1%
|
720
-1%
|
714
-1%
|
727
+2%
|
739
+2%
|
749
+1%
|
748
0%
|
713
-5%
|
696
-2%
|
680
-2%
|
672
-1%
|
855
+27%
|
848
-1%
|
702
-17%
|
876
+25%
|
718
-18%
|
732
+2%
|
713
-3%
|
712
0%
|
710
0%
|
704
-1%
|
714
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(53)
|
(56)
|
(58)
|
(61)
|
(58)
|
(60)
|
(60)
|
(59)
|
27
|
(61)
|
(63)
|
(64)
|
(63)
|
(61)
|
(58)
|
(59)
|
(63)
|
(64)
|
(71)
|
(71)
|
(67)
|
(69)
|
(62)
|
(60)
|
(58)
|
(53)
|
(53)
|
(50)
|
(51)
|
(68)
|
(97)
|
(99)
|
(74)
|
(89)
|
(66)
|
(69)
|
(67)
|
(71)
|
(69)
|
(70)
|
(72)
|
|
Selling, General & Administrative |
(51)
|
(53)
|
(55)
|
(58)
|
(54)
|
(55)
|
(55)
|
(55)
|
(56)
|
(57)
|
(59)
|
(59)
|
(59)
|
(56)
|
(53)
|
(54)
|
(54)
|
(55)
|
(62)
|
(62)
|
(63)
|
(64)
|
(58)
|
(56)
|
(54)
|
(49)
|
(48)
|
(46)
|
(46)
|
(57)
|
(77)
|
(80)
|
(59)
|
(73)
|
(58)
|
(60)
|
(62)
|
(66)
|
(65)
|
(67)
|
(70)
|
|
Depreciation & Amortization |
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(10)
|
(9)
|
(9)
|
(9)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(4)
|
(5)
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
88
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(14)
|
(14)
|
(11)
|
(11)
|
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
676
N/A
|
670
-1%
|
696
+4%
|
714
+3%
|
598
-16%
|
591
-1%
|
556
-6%
|
516
-7%
|
692
+34%
|
605
-13%
|
608
+1%
|
622
+2%
|
637
+2%
|
648
+2%
|
665
+3%
|
672
+1%
|
674
+0%
|
677
+0%
|
662
-2%
|
657
-1%
|
653
-1%
|
645
-1%
|
665
+3%
|
678
+2%
|
691
+2%
|
695
+1%
|
660
-5%
|
646
-2%
|
630
-3%
|
604
-4%
|
759
+26%
|
749
-1%
|
628
-16%
|
787
+25%
|
652
-17%
|
663
+2%
|
646
-3%
|
642
-1%
|
641
0%
|
634
-1%
|
642
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
58
|
72
|
34
|
47
|
(145)
|
(254)
|
(317)
|
(327)
|
(252)
|
(114)
|
(33)
|
95
|
52
|
95
|
93
|
13
|
46
|
22
|
(10)
|
(53)
|
(107)
|
(44)
|
79
|
112
|
100
|
2
|
(570)
|
(619)
|
(681)
|
(650)
|
(196)
|
(162)
|
(12)
|
(10)
|
(53)
|
(199)
|
(400)
|
(452)
|
(418)
|
(490)
|
(607)
|
|
Non-Reccuring Items |
(21)
|
(21)
|
(5)
|
(5)
|
(5)
|
(16)
|
(17)
|
(16)
|
(20)
|
(9)
|
(11)
|
(12)
|
(10)
|
(8)
|
(10)
|
(10)
|
(12)
|
(17)
|
(15)
|
(19)
|
(20)
|
(18)
|
(17)
|
(14)
|
(13)
|
(10)
|
(10)
|
(5)
|
(3)
|
(7)
|
(12)
|
(17)
|
(17)
|
(19)
|
(13)
|
(12)
|
(8)
|
(7)
|
(8)
|
(6)
|
(9)
|
|
Pre-Tax Income |
713
N/A
|
721
+1%
|
725
+1%
|
756
+4%
|
448
-41%
|
321
-28%
|
222
-31%
|
173
-22%
|
419
+142%
|
481
+15%
|
564
+17%
|
705
+25%
|
679
-4%
|
735
+8%
|
748
+2%
|
675
-10%
|
708
+5%
|
682
-4%
|
636
-7%
|
585
-8%
|
526
-10%
|
584
+11%
|
727
+25%
|
776
+7%
|
777
+0%
|
687
-12%
|
81
-88%
|
22
-73%
|
(54)
N/A
|
(53)
+3%
|
551
N/A
|
570
+3%
|
598
+5%
|
758
+27%
|
586
-23%
|
452
-23%
|
238
-47%
|
182
-23%
|
216
+18%
|
138
-36%
|
25
-82%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
(1)
|
1
|
2
|
(0)
|
1
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
4
|
3
|
2
|
2
|
0
|
1
|
2
|
2
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(3)
|
(1)
|
(2)
|
(11)
|
(8)
|
(9)
|
(8)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
12
|
13
|
14
|
13
|
|
Income from Continuing Operations |
713
|
721
|
726
|
758
|
448
|
322
|
222
|
173
|
418
|
480
|
563
|
704
|
683
|
738
|
750
|
677
|
708
|
682
|
639
|
587
|
527
|
585
|
726
|
775
|
776
|
684
|
80
|
20
|
(65)
|
(61)
|
542
|
562
|
598
|
758
|
585
|
451
|
237
|
195
|
228
|
152
|
39
|
|
Income to Minority Interest |
(4)
|
(4)
|
(3)
|
(2)
|
(1)
|
(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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
695
N/A
|
704
+1%
|
708
+1%
|
741
+5%
|
650
-12%
|
568
-13%
|
495
-13%
|
478
-3%
|
128
-73%
|
182
+42%
|
368
+103%
|
474
+29%
|
818
+73%
|
841
+3%
|
727
-14%
|
665
-9%
|
712
+7%
|
686
-4%
|
643
-6%
|
589
-8%
|
528
-10%
|
585
+11%
|
727
+24%
|
774
+7%
|
776
+0%
|
684
-12%
|
80
-88%
|
20
-75%
|
(65)
N/A
|
(61)
+6%
|
542
N/A
|
562
+4%
|
598
+6%
|
758
+27%
|
585
-23%
|
451
-23%
|
237
-47%
|
195
-18%
|
228
+17%
|
152
-34%
|
39
-74%
|
|
EPS (Diluted) |
2.29
N/A
|
2.31
+1%
|
2.32
+0%
|
2.39
+3%
|
2.1
-12%
|
1.78
-15%
|
1.54
-13%
|
1.49
-3%
|
0.4
-73%
|
0.56
+40%
|
1.13
+102%
|
1.45
+28%
|
2.51
+73%
|
2.57
+2%
|
2.22
-14%
|
2.05
-8%
|
2.16
+5%
|
2.13
-1%
|
2.03
-5%
|
1.88
-7%
|
1.68
-11%
|
1.91
+14%
|
2.37
+24%
|
2.54
+7%
|
2.52
-1%
|
2.15
-15%
|
0.25
-88%
|
0.07
-72%
|
-0.2
N/A
|
-0.18
+10%
|
1.71
N/A
|
1.78
+4%
|
1.89
+6%
|
2.44
+29%
|
1.89
-23%
|
1.48
-22%
|
0.77
-48%
|
0.64
-17%
|
0.76
+19%
|
0.5
-34%
|
0.13
-74%
|