Q: Please comment on latest results and going forward.Dropped 3% today after Q. TYxs for u usual great comments & views
5i Research Answer:
Funds flow per unit was 26c, beating estimates of 25c; Revenue was inline with estimates at $116.8M. EBITDA of $89.7M beat estimates by 6.3%. Cannacord lowered its target price to $15.50 from $16.00. Funds flow rose 4.1%. NOI rose 3.3%. Net rental income rose 7.1%. Occupancy rose marginally to 95.5%. Nine month payout ratio was 71%. We would consider the results fine.