GREY:MSTUF - Post by User
Post by
retiredcfon Mar 04, 2016 9:54am
103 Views
Post# 24621532
Globe & Mail Stocks to Watch
Globe & Mail Stocks to Watch Milestone Apartments Real Estate Investment Trust (MST.UN-T) says total revenue was $57 million in the fourth quarter, up from $51.1 million a year earlier.
Funds from operations was $18.7 million or 28 cents per unit, up from $15.3 million or 25 cents per unit a year earlier.
"The fourth quarter of 2015 marked the REIT's eighth consecutive quarter of increases in same-store rents and net operating income" stated CEO Robert Landin in a release. "As a result of our continued and consistently strong operating performance we have increased MST's monthly cash distributions approximately 15 per cent, effective January 2016."