Business

Boardwalk REIT Announces Third Quarter Financial Results; FFO Per Unit down 3.0% and DI Per Unit down 7.2% YOY; and Confirms Monthly Per Unit Distribution for November and December 2010, and January 2011.

Boardwalk REIT Announces Third Quarter Financial Results; FFO Per Unit down 3.0% and DI Per Unit ...

articleBoardwalk Real Estate Investment TrustNovember 10, 20104/company/boardwalk-real-estate-investment-trust-1/news/boardwalk-reit-announces-third-quarter-financial-results-ffo-per-unit-down-30percent-and-di-per-unit-down-72percent-yoy-and-confirms-monthly-per-unit-distribution-for-november-and-december-2010-and-january-2011
Boardwalk REIT Announces Third Quarter Financial Results; FFO Per Unit down 3.0% and DI Per Unit down 7.2% YOY; and Confirms Monthly Per Unit Distribution for November and December 2010, and January 2011.

About this update from Boardwalk Real Estate Investment Trust

[{"type":"text","content":"\n\n\n\n Nov. 10, 2010 (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, Nov. 10 /CNW/ - Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX)\n\n\nBoardwalk Real Estate Investment Trust ("Boardwalk", "Boardwalk REIT" or\n "the Trust") today announced financial results for the third quarter of\n 2010: Funds From Operations ("FFO") per unit down 3.0% and\n Distributable Income ("DI") per unit down 7.2% compared to the same\n period last year; and confirmed its November and December 2010, and\n January 2011 Monthly Distribution of $0.15 per Trust Unit.  FFO and DI\n are non-GAAP measures; the reconciliation to Net Earnings and Total\n Operating Cash Flows, respectively, can be found in the Management's\n Discussion and Analysis (MD&A) for the third quarter ended September\n 30, 2010, under the section titled, "Performance Measures". 1  Subsequent to the third quarter of 2010, the Trust sold and closed a\n total of 88 units in Ville St. Laurent, Quebec.\n\n\nFor the third quarter ended September 30, 2010, the Trust reported FFO\n of $33.6 million and FFO per unit of $0.64 on a diluted basis, compared\n to FFO of $35.0 million and FFO per unit of $0.66 for the same period\n last year.  DI for the quarter was $33.9 million and DI per unit was\n $0.64 on a diluted basis, compared to $36.3 million and $0.69 per unit\n for the same period last year. Overall occupancy for Boardwalk's\n portfolio in ...

More updates from Boardwalk Real Estate Investment Trust