Fronsac Real Estate Investment Trust Announces the Increase of its Annual Distribution and Releases Interim Financial Statements
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 05/29/13 -- Fronsac real estate investment trust (TSX VENTURE: GAZ.UN) ("Fronsac REIT") today released its unaudited consolidated financial statements for its first quarter ended March 31, 2013 of which the highlights are presented in the following tables:
On the same date, the Board of Directors of Fronsac REIT adopted a distribution policy for the year 2013: a semi-annual distribution for the first half of 2013 and a quarterly distribution from the second half of 2013 and future years.
The Board of Directors of Fronsac REIT also approved the increase of the annual distribution to $ 0.0135 per unit, which represents an increase of 8.00% ($ 0.0125 in 2012). The Board thereby declared a semi-annual distribution of $ 0.00675 per unit to unitholders registered on June 14th, 2013, which will be payable on June 30th, 2013.
The Trust uses the "funds from operations" (FFO) measurement to assess the performance of its operations. This measurement, which is a non-IFRS measurement, provides a better evaluation of the performance of the operations of the Trust and is largely used in the commercial real estate industry. The reconciliation of net income to FFO is presented below. For the quarters ending March 31, 2013 and March 31, 2012, FFO and AFFO were equal.
The March 31, 2013 financial statements of Fronsac REIT may be viewed on SEDAR at
Neither the TSX Venture Exchange Inc., nor its Regulatory Services Provider (as that term is defined in the Policy of the TSX Venture Exchange) accept any responsibility for the adequacy or accuracy of this release.
Contacts:
Michel Lassonde
President
(450) 536-5328
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.05.2013 - 12:30 Uhr
Sprache: Deutsch
News-ID 1231812
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
MONTREAL, QUEBEC
Phone:
Kategorie:
Venture Capital
Anmerkungen:
Diese Pressemitteilung wurde bisher 178 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Fronsac Real Estate Investment Trust Announces the Increase of its Annual Distribution and Releases Interim Financial Statements
"
steht unter der journalistisch-redaktionellen Verantwortung von
Fronsac Real Estate Investment Trust (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
