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InnVest REIT Q4 FFO Rises

InnVest Real Estate Investment Trust and InnVest Operations Trust, collectively "InnVest" (INN_UN.TO), announced financial results for the three ended December 31, 2011.

Funds from operations for the fourth-quarter rose to C$10.1 million or C$0.108 per unit, up from C$8.61 million or C$0.096 per unit in the prior year quarter reflecting lower interest charges.

Net loss for the quarter was C$4.32 million, compared to profit of C$213.93 million in the same quarter last year.

Revenues for the quarter increased to C$150.36 million from C$149.44 million in the prior year quarter.

by RTT Staff Writer

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