Funds from operations (FFO) rose 16 percent at RioCan Real Estate Investment Trust in the fourth quarter, Canada's largest retail landlord said on Thursday, boosted by property acquisitions and lease cancellation fees.FFO rose to C$116 million ($116 million), or 39 Canadian cents a unit, at the shopping mall owner from C$100 million, or 36 Canadian cents a unit, in the same quarter of 2011.Analysts had expected FFO of 40 Canadian cents a unit, according to Thomson Reuters I/B/E/S.Investors tend to focus on FFO as a measure of the financial health of REITs rather than net income, which can be volatile due to property sales and debt restructurings.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.07% or $0.02/share to $29.98. In the past year, the shares have traded as low as $26.20 and as high as $31.18. On average, 784348 shares of TRI exchange hands on a given day and today's volume is recorded at 562586.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.07% or $-0.02/share to $30.00. In the past year, the shares have traded as low as $26.65 and as high as $31.22. On average, 854046 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 678892.
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