MEFIC REIT Fund (4346.SR)

Name: MEFIC REIT Fund Financial Statements
Creator: Quarter Results

Real Estate | REIT Diversified

Latest reporting period: 2026-04-08

Latest Quarter

2026-04-08

Revenue

$16.3M

Net Income

$3.9M

Operating Margin

57.1%

Free Cash Flow

$0.0

Debt / Assets

48.0%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for MEFIC REIT Fund (4346.SR).
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 history for MEFIC REIT Fund (4346.SR).
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 history for MEFIC REIT Fund (4346.SR).
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 history for MEFIC REIT Fund (4346.SR).
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 quarterly history for MEFIC REIT Fund (4346.SR).
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 annual history for MEFIC REIT Fund (4346.SR).
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