Units of RioCan Real Estate Investment Trust (REI_u.TO) rose to their highest level in 3-1/2 years on Monday after Canada's largest landlord of retail space reported a 35 percent rise in quarterly funds from operations (FFO) after a big year of acquisitions. FFO, a key measure of profitability for real estate companies, rose to C$89 million ($91.8 million), or 35 Canadian cents a share, in the fourth quarter, up from C$66 million, or 28 Canadian cents a share, in the year-earlier quarter, RioCan said. The results met the average estimate of analysts surveyed by Thomson Reuters I/B/E/S.
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