Canadian News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Amica Mature Lifestyles Q2 FFO Surges, Ups Quarterly Dividend - Quick Facts

1/16/2012 8:18 AM ET

Amica Mature Lifestyles Inc. (ACC.TO: Quote) Monday posted second-quarter funds from operations, or FFO, of C$2.3 million, or C$0.10 per share, compared to last year's C$1.3 million, or C$0.07 per share. AFFO went up to C$2.1 million, or C$0.09 per share, from C$1.2 million, or C$0.06 per share.

Consolidated revenues jumped 27 percent to C$18.3 million from C$14.5 million a year ago. The company attributed the improvement to new acquisitions, higher occupancy and higher per-suite average revenue.

Further, the company reported a 11 percent hike in quarterly dividend to C$0.105 per share from the earlier $0.095 per share. The dividend is payable March 15, 2012 to shareholders on the books as of February 29, 2012.

Click here to receive FREE breaking news email alerts for Amica Mature Lifestyles Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus