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Combined Statements of Net Income - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Profit or loss [abstract]    
Rental revenue $ 455,579 $ 393,488
Property operating costs 75,221 60,812
Net operating income 380,358 332,676
General and administrative expenses 29,465 38,400
Depreciation and amortization 1,598 1,320
Interest income (1,625) (3,109)
Interest expense and other financing costs 50,967 47,226
Foreign exchange gains, net (1,215) (5,110)
Fair value losses (gains) on investment properties, net 219,728 (1,298,865)
Fair value (gains) losses on financial instruments, net (11,383) 1,214
Loss on sale of investment properties 666 761
Income before income taxes 92,157 1,550,839
Income tax (recovery) expense (63,665) 240,567
Net income 155,822 1,310,272
Net income attributable to:    
Stapled unitholders 155,768 1,309,937
Non-controlling interests 54 335
Net income $ 155,822 $ 1,310,272