Crombie REIT's Q3 Funds From Operations Per Unit Rise 3%

Crombie Real Estate Investment Trust reported a 3% increase in third-quarter funds from operations per unit, while operating income attributable to unitholders declined, giving the Canadian retail property trust mixed results. The quarter ended Sept. 30, and Crombie released the results Nov. 4. Funds from operations, or FFO, reached C$0.34 per unit. Total FFO increased 2.9% from a year earlier to C$63.891 million. FFO is a non-GAAP measure, meaning it is calculated outside standard accounting rules. All monetary figures in this article are in Canadian dollars.

Source: TokenPost