August 14, 2008 / 11:10 AM / 10 years ago

Boardwalk REIT funds from operations up 13 percent

TORONTO (Reuters) - Boardwalk Real Estate Investment Trust (BEI_u.TO) said on Thursday its funds from operations, a key measure of performance for real estate companies, rose 13 percent in the second quarter as economic strength in Western Canada helped support rental revenues.

    The REIT reported FFO of C$32.9 million ($31 million), or 60 Canadian cents a diluted unit, for the three months ended June 30, compared with C$29.8 million, or 53 Canadian cents a diluted unit, in the year-earlier period.

    ($1=$1.06 Canadian)

    Reporting by John McCrank; Editing by Ka Yan Ng

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