Highlights - Sept 30 HIGHLIGHTS – September 30, 2010
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Increasing FFO – FFO per unit was
.47 for the three months ended September 30, 2010, up 20% year over year. This represents a 79% FFO cash payout ratio.
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Growing AFFO – AFFO per unit was
.40 for the three months ended September 30, 2010, a third consecutive quarterly increase and up 15% from September 2009’s AFFO per unit of
.35.?
Decreasing Leverage – Debt to gross book value leverage ratio substantially improved to 60.1% at September 30, 2010 from 71.7% at September 30, 2009.?
Rising Occupancy – 96.3% occupancy rate at September 30, 2010, a 40 basis points increase as compared to June 30, 2010.
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Improved Interest Coverage – Interest coverage ratio was 2.0x, an 18% increase over the 1.7x coverage a year ago.?
Growing Portfolio in Major Markets – Whiterock has acquired an interest in $448.6 million of owned or long-term leased assets in 2010, 86% of which are in the Greater Toronto Area ("GTA").