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
Maternity leave is a temporary period of absence from employment granted to expectant or new mothers during the months immediately before and after their pregnancy. Parental leave, including maternity, paternity and adoption leave, is an employee benefit. Many countries around the world, including... Texas, the second largest state in the U.S., has four of the five fastest-growing cities in the U.S., according to new population estimates released Thursday by the U.S. Census Bureau for the twelve months up to July 1, 2016. Ten of the fifteen fastest growing large U.S. cities during that 12-month span were in the South, according to the Census Bureau. To book-lover's surprise, online retailer Amazon opened another bricks and mortar store in an upmarket shopping mall in New York. This is the seventh book store of Amazon.
comments powered by Disqus
Follow RTT