Amica Mature Lifestyles Inc. (ACC.TO: Quote), Thursday, reported a higher funds from operations, or FFO, for the third quarter, as revenues rose 27 percent.
The Vancouver, British Columbia- based company reported a third-quarter net loss of C$2.77 million or C$0.10 per share, compared to a net loss of C$1.95 million or C$0.08 per share last year.
For the quarter, FFO, a key bottom line metric for REITs, increased 42 percent to C$2.60 million or C$0.10 per share from C$1.84 million or C$0.09 per share in the prior-year quarter.
For the quarter, adjusted FFO as reported rose to C$2.34 million or C$0.09 per share from C$1.63 million or C$0.08 per share in the prior-year quarter.
Total revenues for the quarter grew 27 percent to C$19.69 million from C$15.56 million in the prior-year quarter.
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by RTT Staff Writer
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