Crombie REIT Reports Q3 Results with Increased AFFO and Property Revenue
Crombie REIT (CROMF) has released its third-quarter financial results, demonstrating steady growth in key performance metrics. The company reported Adjusted Funds From Operations (AFFO) of C$57.1 million, representing a 3.6% increase year-over-year, while AFFO per unit remained stable at C$0.30. Revenue from properties also saw an uptick, rising 6.2% year-over-year to reach C$127.6 million. Funds From Operations (FFO) grew by 2.9% to C$63.9 million, with FFO per unit increasing by 3.0% to C$0.34. These results indicate consistent operational performance and revenue growth within the REIT's portfolio.
Topics: AFFO FFO real estate investment trust revenue