TSX:PRV.DB - Post by User
Comment by
canadianon Sep 07, 2023 9:48am
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Post# 35623802
RE:RE:RE:RE:RE:RE:RE:Another distribution cut
RE:RE:RE:RE:RE:RE:RE:Another distribution cutStop spreading false information: From earnings call
Net operating income was $14.5 million, up 1.3% year over year, also as a result of the number of properties and ownership percentages in our portfolio. G&A expense was $1.3 million in Q2, in line with our G&A run rate for the remainder of the year. As you recall, we had a one-time CEO retirement cost of $2.2 million included in G&A expenses in Q1 this year. N
et cash flows provided from operating activities was $0.6 million in our second quarter compared to $2.2 million in Q2 2022, largely as a result of the timing of cash receipts and settlement of payables. AFFO totaled $7.0 million, down from $7.9 million in the same period last year.The decrease was related to the temporary vacancy in the industrial property that Gordie discussed and higher weighted average interest rates.