November 7, 2011 / 1:23 PM / in 6 years

UPDATE 1-RioCan third-quarter FFO up 14 pct

(Follows alerts)

Nov 7 (Reuters) - RioCan Real Estate Investment Trust (REI_u.TO) reported a 14 percent rise in quarterly funds from operations, helped partly by gains from better valuation of its properties.

    The FFO, a key measure of profitability for real estate companies, rose to C$97 million, or 37 Canadian cents a unit, in the third quarter from C$85 million, or 35 Canadian cents a unit, a year earlier.

    The REIT said net income rose by C$112 million to C$168 million from last year.

    Units of the Toronto-based company closed at C$24.92 on Friday on the Toronto Stock Exchange. (Reporting by Maneesha Tiwari in Bangalore; Editing by Maju Samuel)

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below