Below are the financial statements of Boardwalk REIT, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CAD | 2024 | 2023 |
|---|---|---|
| Rental revenue | 603.29a | 545.66a |
| Rental expenses | — | — |
| Operating expenses | -109.62a | -106.19a |
| Utilities | -55.97a | -53.39a |
| Property taxes | -55.37a | -53.09a |
| Total rental expenses | -220.96a | -212.67a |
| Net operating income | 382.33a | 332.99a |
| Financing costs | -121.16a | -111.17a |
| Administration | -44.79a | -41.17a |
| Deferred unit-based compensation | -5.37a | -3.33a |
| Depreciation | -8.32a | -7.92a |
| Profit before the undernoted | 202.69a | 169.4a |
| Income (loss) from equity accounted investment | 13.23a | -1.11a |
| Loss on sale of asset | 0a | -0.93a |
| Fair value gains, net | 359.89a | 494.88a |
| Interest income | 12.5a | 3.06a |
| Other income | 0a | 0.89a |
| Profit before income tax | 588.3a | 666.18a |
| Income tax expense | -0.08a | -0.08a |
| Profit | 588.22a | 666.1a |
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