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Combined Statements of Net Income - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Profit or loss [abstract]    
Rental revenue $ 521,250 $ 455,579
Property operating costs 86,012 75,221
Net operating income 435,238 380,358
General and administrative expenses 41,440 29,465
Depreciation and amortization 1,272 1,598
Interest income (7,708) (1,625)
Interest expense and other financing costs 78,717 50,967
Foreign exchange losses (gains), net 1,033 (1,215)
Fair value losses on investment properties, net 172,676 219,728
Fair value losses (gains) on financial instruments, net 17,296 (11,383)
Loss on sale of investment properties 1,505 666
Income before income taxes 129,007 92,157
Income tax recovery (9,489) (63,665)
Net income 138,496 155,822
Net income attributable to:    
Stapled unitholders 136,662 155,768
Non-controlling interests 1,834 54
Net income $ 138,496 $ 155,822