MEFIC REIT Fund (4346.SR)

Real Estate | REIT Diversified
Income Statement (Quarterly) 2026-04-08 2025-06-30 2025-03-31 2024-06-30
Revenue 16,262,872 16,262,872 16,262,872 35,829,272
Cost of Revenue 0 0 0 12,654,595
Gross Profit 16,262,872 16,262,872 16,262,872 23,174,677
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 496,037 496,037 496,037 0
Operating Expenses 6,984,586 6,984,586 6,984,586 -17,936,857
Operating Income 9,278,286 9,278,286 9,278,286 5,237,820
Interest Expense 0 6,380,614 0 0
Income Before Tax 3,855,955 3,855,955 3,855,955 1,466,799
Income Tax Expense 0 0 0 0
Net Income 3,855,955 3,855,955 3,855,955 1,466,799
Per Share
EPS 0.05 0.05 0.05 0.02
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenue 64,513,442 60,532,159 25,765,496 31,422,823 41,763,877
Cost of Revenue 31,766,526 34,761,657 42,450,082 0 0
Gross Profit 32,746,916 25,770,502 -16,684,586 0 0
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 10,351,272 0 1,391,398 835,309 1,920,492
Operating Expenses 10,351,272 26,267,117 12,076,119 164,543,990 108,008,141
Operating Income 22,395,644 23,417,040 39,096,941 0 0
Interest Expense 0 22,475,918 25,407,564 22,811,677 21,701,394
Income Before Tax 8,115,892 -11,473,146 13,689,377 -133,121,167 -66,244,264
Income Tax Expense 0 -496,610 25,407,564 0 0
Net Income 8,115,892 -11,473,146 -11,718,187 -133,121,167 -66,244,264
Per Share
EPS 0.11 -0.16 -0.16 -1.82 -0.90
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets
Cash and Cash Equivalents 166,156 8,310,893 3,220,691 0
Short Term Investments 0 0 0 0
Net Receivables 21,157,577 18,892,029 24,269,754 37,082,666
Inventory 0 -1,029,174,952 1 0
Total Current Assets 0 -1 27,490,445 0
Property Plant Equipment 69,580,902 77,274,274 80,085,046 89,532,494
Goodwill and Intangibles 21,157,577 0 100,076,044 105,369,382
Total Assets 990,572,592 1,001,972,029 1,024,223,327 1,040,944,050
Liabilities
Account Payables 0 0 23,200,000 37,200,000
Short Term Debt 9,500,000 15,843,822 5,527,681 0
Total Current Liabilities 0 15,843,822 23,200,000 0
Long Term Debt 427,259,379 431,413,156 452,007,977 460,297,809
Total Liabilities 475,159,949 488,814,482 499,592,634 519,011,860
Shareholders Equity
Retained Earnings 0 513,157,547 37,336,429 0
Total Shareholders Equity 515,412,642 513,157,547 524,630,693 521,932,190
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets
Cash and Cash Equivalents 166,156 8,310,893 3,220,691 0 0
Short Term Investments 0 0 0 0 0
Net Receivables 21,157,577 18,892,029 24,269,754 37,082,666 30,837,758
Inventory 0 -1,029,174,952 1 0 0
Total Current Assets 0 -1 27,490,445 0 0
Property Plant Equipment 69,580,902 77,274,274 80,085,046 89,532,494 80,641,904
Goodwill and Intangibles 21,157,577 0 100,076,044 105,369,382 128,553,200
Total Assets 990,572,592 1,001,972,029 1,024,223,327 1,040,944,050 1,171,098,844
Liabilities
Account Payables 0 0 23,200,000 37,200,000 46,200,000
Short Term Debt 9,500,000 15,843,822 5,527,681 0 0
Total Current Liabilities 0 15,843,822 23,200,000 0 0
Long Term Debt 427,259,379 431,413,156 452,007,977 460,297,809 439,637,742
Total Liabilities 475,159,949 488,814,482 499,592,634 519,011,860 501,408,979
Shareholders Equity
Retained Earnings 0 513,157,547 37,336,429 0 0
Total Shareholders Equity 515,412,642 513,157,547 524,630,693 521,932,190 669,689,865
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Activities
Net Income 8,115,892 -11,473,146 13,689,377 -133,121,167
Depreciation & Amortization 23,151,724 23,417,040 29,899,741 30,598,220
Stock Based Compensation 0 0 0 0
Change in Working Capital -5,422,480 -6,733,564 -18,592,513 -17,402,376
Operating Cash Flow 41,123,419 17,340,203 25,481,908 15,650,777
Investing Activities
Capital Expenditure -41,123,419 -3 -2,472,398 0
Investments 0 -3 -2,472,398 0
Investing Cash Flow 0 0 43,649,101 0
Financing Activities
Debt Repayment -33,907,359 0 -12,499,991 -10,290,213
Common Stock Issued/Repurchased 0 0 0 0
Dividends Paid -5,860,798 0 -10,990,874 -14,636,508
Financing Cash Flow -49,268,157 -12,250,000 -23,490,865 -19,726,721
Summary
Free Cash Flow 0 17,340,200 23,009,510 15,650,777
Net Change in Cash 0 5,090,202 1,991,042 -4,075,944
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Activities
Net Income 8,115,892 -11,473,146 13,689,377 -133,121,167 -66,244,264
Depreciation & Amortization 23,151,724 23,417,040 29,899,741 30,598,220 30,987,681
Stock Based Compensation 0 0 0 0 0
Change in Working Capital -5,422,480 -6,733,564 -18,592,513 -17,402,376 -57,152,761
Operating Cash Flow 41,123,419 17,340,203 25,481,908 15,650,777 -17,439,964
Investing Activities
Capital Expenditure -41,123,419 -3 -2,472,398 0 0
Investments 0 -3 -2,472,398 0 0
Investing Cash Flow 0 0 43,649,101 0 -223,727
Financing Activities
Debt Repayment -33,907,359 0 -12,499,991 -10,290,213 -5,900,000
Common Stock Issued/Repurchased 0 0 0 0 0
Dividends Paid -5,860,798 0 -10,990,874 -14,636,508 -18,319,200
Financing Cash Flow -49,268,157 -12,250,000 -23,490,865 -19,726,721 20,680,800
Summary
Free Cash Flow 0 17,340,200 23,009,510 15,650,777 -17,439,964
Net Change in Cash 0 5,090,202 1,991,042 -4,075,944 3,017,109