CALGARY, ALBERTA, CANADA, May 15, 2012 /PRNewswire/ - Boardwalk Real Estate Investment Trust ("Boardwalk", "Boardwalk REIT" or the "Trust") ("BEI.UN" - TSX) today announced solid financial results for the three month period ended March 31, 2012.
Funds From Operations ("FFO") for the first quarter totalled $34.3
million, or $0.66 per unit on a diluted basis, compared to FFO of $28.1
million or $0.54 per unit for the same period last year, an increase of
21.8% and 22.2%, respectively.
Adjusted Funds From Operation ("AFFO") for the first quarter increased
26.1% to $0.58 per unit, compared to $0.46 per unit in the same period
last year.
For a complete copy of the company’s news release and statistics, please contact:
Investor Relations (403) 531-9255
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