Boardwalk Real Estate Investment Trust (BEI_UN.TO) Tuesday reported first-quarter Funds From Operations, or FFO of $34 million or $0.66 per unit, compared to $28 million or $0.54 per unit last year.
Excluding items, adjusted FFO for the quarter was $30 million or $0.58 per unit, compared to $24 million or $0.46 per unit last year.
Rental revenue for the quarter rose to $108 million from $104 million in the prior year.
Looking ahead to fiscal year 2012, the company raised the lower end of its outlook. It now expects FFO of $2.70 to $2.85 per unit, and adjusted FFO of $2.40 to $2.55 per unit. Earlier, it estimated full year FFO of $2.65 to $2.85 per unit, and adjusted FFO of $2.35 to $2.55 per unit.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.