Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Amica Q3 FFO Rises - Quick Facts

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.

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

Editors Pick
After moving mostly higher over the course of the previous week, stocks showed a notable move back to the downside during trading on Monday. With the drop on the day, the Dow pulled back well off last Friday's record closing high. After reporting four consecutive monthly increases, the National Association of Realtors released a report on Monday showing an unexpected drop in U.S. existing home sales in the month of August. NAR said existing home sales fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million in August. The European Central Bank remains ready to use additional unconventional tools to counter risks to the inflation outlook and to boost the euro area economy, ECB President Mario Draghi said on Monday. "The Governing Council remains fully determined to counter risks to the medium-term outlook for inflation," Draghi said in Brussels.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.