
Slate Grocery REIT
TSX:SGR.UN

Income Statement
Earnings Waterfall
Slate Grocery REIT
Revenue
|
210.3m
USD
|
Cost of Revenue
|
-65.1m
USD
|
Gross Profit
|
145.2m
USD
|
Operating Expenses
|
-16.2m
USD
|
Operating Income
|
129m
USD
|
Other Expenses
|
-89.1m
USD
|
Net Income
|
39.9m
USD
|
Income Statement
Slate Grocery REIT
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 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense |
2
|
3
|
5
|
7
|
12
|
14
|
15
|
17
|
16
|
17
|
19
|
19
|
20
|
20
|
20
|
22
|
25
|
29
|
33
|
37
|
39
|
40
|
41
|
41
|
39
|
37
|
32
|
28
|
24
|
22
|
23
|
23
|
25
|
27
|
29
|
35
|
43
|
52
|
60
|
65
|
68
|
69
|
71
|
71
|
71
|
71
|
|
Revenue |
13
N/A
|
17
+37%
|
25
+47%
|
32
+28%
|
41
+28%
|
52
+26%
|
60
+15%
|
71
+18%
|
80
+12%
|
88
+10%
|
94
+7%
|
95
+1%
|
97
+2%
|
100
+3%
|
103
+3%
|
109
+6%
|
119
+9%
|
128
+8%
|
137
+7%
|
143
+4%
|
144
+1%
|
144
0%
|
144
+0%
|
143
-1%
|
141
-1%
|
137
-3%
|
131
-4%
|
129
-2%
|
126
-2%
|
127
+0%
|
130
+2%
|
132
+2%
|
138
+5%
|
145
+5%
|
151
+4%
|
165
+9%
|
178
+7%
|
189
+7%
|
200
+6%
|
202
+1%
|
203
+0%
|
204
+1%
|
206
+1%
|
208
+1%
|
209
+1%
|
210
+1%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3)
|
(6)
|
(7)
|
(8)
|
(10)
|
(16)
|
(17)
|
(18)
|
(19)
|
(24)
|
(25)
|
(25)
|
(26)
|
(27)
|
(27)
|
(28)
|
(30)
|
(37)
|
(39)
|
(40)
|
(41)
|
(41)
|
(42)
|
(42)
|
(41)
|
(38)
|
(37)
|
(36)
|
(35)
|
(34)
|
(35)
|
(35)
|
(37)
|
(44)
|
(46)
|
(49)
|
(50)
|
(58)
|
(61)
|
(62)
|
(64)
|
(65)
|
(65)
|
(65)
|
(65)
|
(65)
|
|
Gross Profit |
10
N/A
|
11
+16%
|
18
+64%
|
25
+36%
|
32
+28%
|
36
+13%
|
43
+20%
|
53
+23%
|
61
+15%
|
63
+4%
|
69
+9%
|
70
+1%
|
72
+2%
|
73
+2%
|
75
+3%
|
81
+7%
|
89
+10%
|
91
+2%
|
98
+8%
|
103
+5%
|
104
+1%
|
103
-1%
|
103
+0%
|
102
-1%
|
100
-1%
|
99
-1%
|
94
-4%
|
92
-2%
|
92
-1%
|
93
+1%
|
95
+2%
|
97
+2%
|
101
+4%
|
100
-1%
|
105
+5%
|
116
+11%
|
127
+10%
|
131
+3%
|
139
+6%
|
140
+1%
|
139
-1%
|
140
+0%
|
141
+1%
|
143
+1%
|
145
+1%
|
145
+0%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(1)
|
(2)
|
(3)
|
(6)
|
(8)
|
(8)
|
(7)
|
(8)
|
(7)
|
(8)
|
(8)
|
(8)
|
(38)
|
(39)
|
(40)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(9)
|
(11)
|
(12)
|
(13)
|
(14)
|
(15)
|
(17)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
|
Selling, General & Administrative |
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(8)
|
(8)
|
(7)
|
(8)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(9)
|
(10)
|
(12)
|
(13)
|
(14)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
|
Other Operating Expenses |
0
|
(0)
|
0
|
0
|
0
|
3
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(30)
|
(30)
|
(30)
|
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
|
|
Operating Income |
8
N/A
|
9
+15%
|
16
+77%
|
21
+37%
|
28
+30%
|
35
+23%
|
41
+18%
|
50
+22%
|
55
+9%
|
56
+2%
|
61
+10%
|
63
+2%
|
64
+2%
|
66
+3%
|
68
+3%
|
73
+8%
|
81
+11%
|
52
-35%
|
59
+13%
|
63
+6%
|
93
+48%
|
92
-1%
|
92
0%
|
91
-1%
|
90
-1%
|
88
-2%
|
84
-5%
|
81
-3%
|
81
0%
|
83
+2%
|
85
+3%
|
88
+3%
|
90
+3%
|
88
-2%
|
92
+4%
|
102
+11%
|
112
+10%
|
114
+1%
|
124
+9%
|
125
+0%
|
124
-1%
|
124
0%
|
125
+1%
|
127
+1%
|
128
+1%
|
129
+1%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
4
|
14
|
21
|
43
|
28
|
59
|
31
|
(3)
|
(2)
|
(21)
|
(14)
|
(15)
|
(23)
|
(21)
|
(24)
|
(21)
|
(43)
|
(67)
|
(74)
|
(94)
|
(103)
|
(89)
|
(90)
|
(80)
|
(43)
|
(47)
|
(38)
|
(32)
|
(22)
|
56
|
40
|
42
|
42
|
7
|
76
|
80
|
63
|
(4)
|
(67)
|
(85)
|
(103)
|
(69)
|
(75)
|
(78)
|
(69)
|
(64)
|
|
Non-Reccuring Items |
0
|
0
|
(17)
|
(18)
|
(17)
|
(18)
|
(11)
|
(10)
|
(9)
|
(9)
|
(0)
|
(1)
|
(4)
|
(4)
|
(4)
|
(3)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(4)
|
(4)
|
(6)
|
(7)
|
(7)
|
(7)
|
(4)
|
(4)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(2)
|
0
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
(2)
|
(2)
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
|
Total Other Income |
(3)
|
(3)
|
(5)
|
(7)
|
0
|
(27)
|
(18)
|
(15)
|
0
|
23
|
17
|
17
|
1
|
1
|
1
|
1
|
0
|
30
|
30
|
30
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
(5)
|
(5)
|
(5)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
|
Pre-Tax Income |
7
N/A
|
19
+174%
|
14
-23%
|
40
+178%
|
37
-7%
|
49
+31%
|
43
-11%
|
22
-49%
|
43
+98%
|
47
+10%
|
62
+31%
|
62
0%
|
38
-39%
|
41
+10%
|
40
-2%
|
49
+20%
|
38
-22%
|
14
-62%
|
15
+4%
|
(3)
N/A
|
(11)
-291%
|
1
N/A
|
(2)
N/A
|
5
N/A
|
40
+723%
|
35
-13%
|
39
+12%
|
45
+16%
|
55
+22%
|
137
+147%
|
125
-9%
|
124
0%
|
127
+2%
|
90
-29%
|
163
+81%
|
182
+12%
|
174
-5%
|
110
-37%
|
56
-49%
|
38
-32%
|
22
-44%
|
56
+161%
|
51
-9%
|
50
-2%
|
60
+21%
|
65
+8%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(6)
|
(10)
|
(12)
|
(17)
|
(18)
|
(22)
|
(20)
|
(16)
|
(18)
|
(14)
|
(16)
|
(15)
|
(12)
|
(13)
|
(13)
|
(16)
|
(9)
|
(1)
|
0
|
6
|
4
|
1
|
1
|
(0)
|
(10)
|
(9)
|
(10)
|
(12)
|
(14)
|
(34)
|
(33)
|
(32)
|
(36)
|
(30)
|
(44)
|
(42)
|
(34)
|
(16)
|
0
|
(3)
|
(1)
|
(7)
|
(7)
|
(6)
|
(8)
|
(9)
|
|
Income from Continuing Operations |
1
|
9
|
3
|
23
|
19
|
27
|
23
|
6
|
25
|
34
|
47
|
47
|
26
|
28
|
27
|
32
|
29
|
13
|
15
|
4
|
(7)
|
2
|
(1)
|
5
|
31
|
26
|
29
|
33
|
41
|
103
|
91
|
92
|
91
|
60
|
118
|
140
|
140
|
94
|
56
|
35
|
20
|
49
|
44
|
44
|
52
|
56
|
|
Income to Minority Interest |
(1)
|
(3)
|
(3)
|
(3)
|
(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
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(6)
|
(11)
|
(8)
|
(12)
|
(9)
|
(7)
|
(12)
|
(11)
|
(10)
|
(12)
|
(13)
|
|
Net Income (Common) |
0
N/A
|
5
N/A
|
(1)
N/A
|
20
N/A
|
23
+16%
|
33
+44%
|
17
-48%
|
(3)
N/A
|
1
N/A
|
(16)
N/A
|
1
N/A
|
(18)
N/A
|
(29)
-64%
|
(20)
+32%
|
(3)
+85%
|
3
N/A
|
47
+1 259%
|
65
+38%
|
35
-46%
|
43
+22%
|
3
-94%
|
(23)
N/A
|
(2)
+90%
|
3
N/A
|
26
+702%
|
31
+16%
|
31
+2%
|
34
+10%
|
42
+21%
|
97
+132%
|
87
-10%
|
88
+2%
|
87
-1%
|
53
-39%
|
115
+117%
|
134
+16%
|
128
-5%
|
89
-31%
|
44
-50%
|
26
-43%
|
15
-41%
|
38
+154%
|
35
-9%
|
30
-13%
|
38
+28%
|
40
+4%
|
|
EPS (Diluted) |
0
N/A
|
0.39
N/A
|
-0.05
N/A
|
1.45
N/A
|
1.35
-7%
|
1.44
+7%
|
0.46
-68%
|
-0.08
N/A
|
0.02
N/A
|
-0.49
N/A
|
0.02
N/A
|
-0.5
N/A
|
-0.85
-70%
|
-0.49
+42%
|
-0.07
+86%
|
0.07
N/A
|
1.07
+1 429%
|
1.4
+31%
|
0.76
-46%
|
0.94
+24%
|
0.05
-95%
|
-0.51
N/A
|
-0.04
+92%
|
0.08
N/A
|
0.6
+650%
|
0.72
+20%
|
0.74
+3%
|
0.8
+8%
|
0.98
+23%
|
1.98
+102%
|
1.77
-11%
|
1.76
-1%
|
1.68
-5%
|
0.9
-46%
|
1.87
+108%
|
2.2
+18%
|
2.09
-5%
|
1.47
-30%
|
0.73
-50%
|
0.42
-42%
|
0.25
-40%
|
0.63
+152%
|
0.57
-10%
|
0.49
-14%
|
0.63
+29%
|
0.66
+5%
|