CALGARY, Alberta, Canada /PRNewswire/ - Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX), Boardwalk Real Estate Investment Trust ("Boardwalk", "Boardwalk REIT", or the "Trust") announced solid results for the second quarter of 2011.
Funds from Operations (FFO) for the quarter totaled $34.7 million, or $0.66 per unit, an increase of approximately 1.3% and 1.5%, respectively, over the same quarter last year.
AFFO per unit increased 3.5% to $0.59 versus $0.57 for the same three month period in 2010.
FFO and AFFO are widely accepted supplemental measures
of the performance of a Canadian Real Estate entity. However, they are not measures defined by International Financial Reporting Standards ("IFRS").
The reconciliation of FFO and other financial performance
measures can be found in the Management's Discussion and Analysis
(MD&A) for the second quarter ended June 30, 2011, under the section titled, "Performance Measures".
For a complete copy of the company’s news release, along with statistical data, please contact Investor Relations: 403-531-9255.
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