Business
Boardwalk REIT Announces Positive Fourth Quarter and Solid Full Year 2010 Financial Results; FFO Per Unit for the Fourth Quarter 2010 up 6.9% and DI per Unit up 6.8% for the Three Month Period Ended December 31, 2010. For the 12-month period ended December 31, 2010 FFO Per Unit down 1.6% and DI Per Unit for 2010 down 2.4% YOY; and Confirms Monthly Per Unit Distribution for February, March and April 2011.
Feb. 17, 2011 (Canada NewsWire Group) -- CALGARY, Feb. 17 /CNW/ - Boardwalk Real Estate Inve...

About this update from Boardwalk Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n Feb. 17, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, Feb. 17 /CNW/ - Boardwalk Real Estate Investment Trust (TSX:BEI.UN)\n\n\nBoardwalk Real Estate Investment Trust ("Boardwalk", "Boardwalk REIT" or\n the "Trust") today announced solid financial results for the fourth\n quarter of 2010 and fiscal 2010; Funds From Operations ("FFO") per unit\n up 6.9% and Distributable Income ("DI") per unit up 6.8% for the fourth\n quarter of 2010 compared to the same period last year and full-year FFO\n per unit down 1.6% and DI per unit down 2.4% YOY; and confirmed its\n February, March, and April 2011 Distribution of $0.15 per Trust Unit\n per month.  FFO and DI are non-GAAP measures; the reconciliation to Net\n Earnings and Total Operating Cash Flows, respectively, can be found in\n the Management's Discussion and Analysis (MD&A) for the year ended\n December 31, 2010, under the section titled, "Performance Measures". \n During fiscal 2010, the Trust reduced its number of apartment units by\n 1,142; a total of 1,111 units of non-core assets were sold in various\n markets across Canada and a 31-unit building located in Grande Prairie,\n Alberta that was destroyed by a fire was settled with the insurers.\n\n\nFor the fourth quarter ended December 31, 2010, the Trust reported FFO\n of $32.7 million and FFO per unit of $0.62 on a diluted basis, compared\n to FFO of $30.8 million and FFO per unit of $0.58...