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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 · Real Estate Services · DATA UPDATED 2026-10-02

RFA Financial Inc. (RFA) operates in the Real Estate Services industry and is headquartered in Winnipeg, Canada. Its market capitalization is roughly C$1 billion. In the fiscal year ended 2025-12-31, RFA reported C$240M in revenue and (C$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.

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RFA Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total RevenueC$240MC$300MC$336MC$372M—
Gross ProfitC$122MC$163MC$184MC$210M—
Operating Income (EBIT)(C$30M)C$123MC$177MC$202M—
Net Income(C$156M)(C$47M)(C$332M)(C$5M)—

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RFA Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-31
Total RevenueC$95MC$83MC$59MC$60MC$59M—
Gross ProfitC$47MC$41MC$30MC$30MC$31M—
Operating Income (EBIT)C$11MC$17M(C$34M)(C$18M)C$2M—
Net IncomeC$7M(C$62M)(C$110M)(C$34M)(C$24M)—

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RFA Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid(C$84M)(C$104M)(C$93M)(C$176M)—

CAD; C$M / C$B 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 flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-31
Dividends Paid(C$13M)(C$12M)(C$30M)(C$18M)(C$18M)—

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RFA Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total AssetsC$2.3BC$2.8BC$3.7BC$4.6B—
Total LiabilitiesC$1.1BC$1.2BC$2.0BC$2.3B—

CAD; C$M / C$B 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.

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