logo
Share SHARE
FONT-SIZE Plus   Neg

Amica Q3 FFO Rises - Quick Facts

Amica Mature Lifestyles Inc. (ACC.TO), 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Oreo, the popular two chocolate wafers with a sweet crème filling in between has now got a new look. With about half the width of the regular Oreo, the new Oreo Thins will be thinner and slightly reduced in calorie. It will be available from July 13 with no change in its cookie taste and price tag. The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world.
comments powered by Disqus
Follow RTT