TSX:MPCT.DB - Post by User
Comment by
fishowlon Feb 14, 2022 8:47pm
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Post# 34428436
RE:Fourth Quarter Results & Growth in Recurring Income Segment
RE:Fourth Quarter Results & Growth in Recurring Income SegmentHere's PDF version of the press release from Dream website. NAV increased over the year.
Net Asset Value ("NAV") As at December 31, 2021, NAV per unit was $9.31 compared with $8.99 in the prior year, an increase of $0.32 per unit or an approximate 9% total return (including distributions after adjusting for losses on legacy assets(4)). The increase in NAV growth was largely attributable to the aforementioned fair value gains and market value adjustments recognized on our Lakeshore East and Brightwater developments, driven by increases in land value and density relative to the prior year. As at December 31, 2021, total unitholders' equity per unit was $8.25 per unit compared with $8.33 per unit in the prior year. The decrease was largely driven by the Trust's income contribution in 2021 offset by distributions and activity under the Trust's NCIB as market value adjustments are only recognized by the Trust in NAV.
https://dream.ca/wp-content/uploads/2022/02/MPCT-Q4-21-Press-Release-final.pdf