TSX:CAR.UN - Post by User
Comment by
AlwaysLong683on Jun 24, 2022 10:59pm
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Post# 34781928
RE:RE:RE:Allan Tong
RE:RE:RE:Allan Tong For those interested:
Two exerpts from CAR.UN's Q1 2022 Financial Report dated March 31, 2022: page 1:
For the first three months of 2022, Normalized Funds from Operations (NFFO) increased by 1.8% compared to the same period from last year, primarily due to the increase in operating revenues. Basic NFFO per Unit was consistent with the prior year, despite the 1.7% increase in the weighted average number of Units outstanding this year. Our NFFO payout ratio was a very strong 65.3% at March 31, 2022, underpinning the strength and stability of our monthly cash distributions.
page 6: Payout Ratio – CAPREIT anticipates a long-term annual NFFO payout ratio of between 60% and 70%.