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RFA Financial Inc. (RFA) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Real Estate · REIT - Diversified · DATA UPDATED 2026-08-16

RFA Financial Inc. (RFA) operates in the REIT - Diversified industry and is headquartered in Winnipeg, Canada. Its market capitalization is roughly CAD 1 billion. In the fiscal year ended 2025-12-31, RFA reported CAD 240M in revenue and (CAD 156M) in net income.

RFA Financial Inc. is a diversified commercial real estate investment trust and is an unincorporated closed-end real estate investment trust, created under, and governed by, the laws of the Province of Manitoba.

Interactive charts & full statements →

RFA Revenue & Earnings History — Annual Income Statement

Income statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Total Revenue	CAD 240M	CAD 300M	CAD 336M	CAD 372M	—
Gross Profit	CAD 122M	CAD 163M	CAD 184M	CAD 210M	—
Operating Income (EBIT)	(CAD 30M)	CAD 123M	CAD 177M	CAD 202M	—
Net Income	(CAD 156M)	(CAD 47M)	(CAD 332M)	(CAD 5M)	—

CAD; CADM / CADB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RFA Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Total Revenue	CAD 83M	CAD 59M	CAD 60M	CAD 59M	CAD 62M	—
Gross Profit	CAD 41M	CAD 30M	CAD 30M	CAD 31M	CAD 31M	—
Operating Income (EBIT)	CAD 17M	(CAD 34M)	(CAD 18M)	CAD 1M	CAD 20M	—
Net Income	(CAD 62M)	(CAD 110M)	(CAD 34M)	(CAD 24M)	CAD 11M	—

CAD; CADM / CADB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RFA Free Cash Flow History

Cash flow	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Dividends Paid	(CAD 84M)	(CAD 104M)	(CAD 93M)	(CAD 176M)	—

CAD; CADM / CADB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RFA Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Dividends Paid	(CAD 12M)	(CAD 30M)	(CAD 18M)	(CAD 18M)	(CAD 18M)	—

CAD; CADM / CADB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RFA Balance Sheet History

Balance sheet	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Total Assets	CAD 2.3B	CAD 2.8B	CAD 3.7B	CAD 4.6B	—
Total Liabilities	CAD 1.1B	CAD 1.2B	CAD 2.0B	CAD 2.3B	—

CAD; CADM / CADB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive RFA viewer.

Other Companies in REIT - Diversified

GNL · Global Net Lease, Inc. — $2 billion
AAT · American Assets Trust, Inc. — $2 billion
ESRT · Empire State Realty Trust, Inc. — $1 billion
ICAD · Icade — $1 billion
SAFE · Safehold Inc. — $1 billion
JBGS · JBG SMITH Properties — $887 million
CTO · CTO Realty Growth, Inc. — $815 million
AHRT · AH REALTY TRUST INC — $662 million

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