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DGAP-News: Deutsche Konsum REIT with revenue jump in the first quarter of 2019/2020 - Purchase volume of the entire previous year already exceeded

Thursday, February 13, 2020 - 7:01am

Broderstorf, 13 February 2020 - Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) grew strongly and profitably in the first quarter of FY 2019/2020 ("Q1"), as expected.

Key Points: 
  • Broderstorf, 13 February 2020 - Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) grew strongly and profitably in the first quarter of FY 2019/2020 ("Q1"), as expected.
  • The aFFO (FFO after deduction of capitalised modernisation measures) amounted to EUR 3.5 million (2018/2019: EUR 5.1 million) due to current revitalisation projects for various properties.
  • Due to its REIT status ('Real Estate Investment Trust'), the company is exempt from corporation and trade tax.
  • The shares of the company are listed on the Prime Standard of the Deutsche Brse (ISIN: DE 000A14KRD3).

Allied Announces Fourth-Quarter and Year-End Results

Wednesday, February 5, 2020 - 10:54pm

Allied also renewed or replaced leases for 84.9% of the space that matured in the year.

Key Points: 
  • Allied also renewed or replaced leases for 84.9% of the space that matured in the year.
  • Allied completed a total of $536 million in acquisitions in the year, complimenting its portfolios in Montral, Toronto, Kitchener, Calgary and Vancouver.
  • Allied also expects this acquisition to be accretive to its FFO and AFFO per unit on a leverage-neutral basis.
  • The cautionary statements qualify all forward-looking statements attributable to Allied and persons acting on its behalf.

Allied Announces December 2019 Distribution and Distribution Increase for 2020

Wednesday, December 4, 2019 - 10:01pm

Were confident of our ability to reduce our FFO and AFFO pay-out ratios in 2020 despite this distribution increase.

Key Points: 
  • Were confident of our ability to reduce our FFO and AFFO pay-out ratios in 2020 despite this distribution increase.
  • This press release may contain forward-looking statements with respect to Allied, its operations, strategy, financial performance and condition.
  • The cautionary statements qualify all forward-looking statements attributable to Allied and persons acting on its behalf.
  • Unless otherwise stated, all forward-looking statements speak only as of the date of this press release, and Allied has no obligation to update such statements.

Extendicare Announces 2019 Third Quarter Results

Thursday, November 7, 2019 - 10:00pm

For the nine months ended September 30, 2019, AFFO declined by $3.9 million, or 8.7%, to $41.2 million for the nine months ended September 30, 2019, from $45.2million for the nine months ended September30, 2018.

Key Points: 
  • For the nine months ended September 30, 2019, AFFO declined by $3.9 million, or 8.7%, to $41.2 million for the nine months ended September 30, 2019, from $45.2million for the nine months ended September30, 2018.
  • The Companys consolidated net interest coverage ratio for the trailing twelve months ended September 30, 2019, was 3.6 times.
  • On November 8, 2019, at 11:30 a.m. (ET), Extendicare will hold a conference call to discuss its 2019 third quarter results.
  • Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, Esprit Lifestyle, ParaMed, Extendicare Assist, and SGP Purchasing Partner Network brands.

FIBRA Macquarie México Reports Third Quarter 2019 Results

Friday, October 25, 2019 - 2:59am

During the third quarter of 2019, FIBRAMQ signed retail 49 leases, representing 8.2 thousand square meters.

Key Points: 
  • During the third quarter of 2019, FIBRAMQ signed retail 49 leases, representing 8.2 thousand square meters.
  • Commencing from 1 July 2019, FIBRA Macquarie is adjusting its AFFO methodology to include normalized financing costs, incurred from time to time upon loan facility establishment and refinancings.
  • With this update, FIBRA Macquarie continues to position itself as an industry leader in AFFO reporting and disclosure measures.
  • FIBRA Macquarie has a remaining program capacity of approximately Ps 900 million through to June 25, 2020.

Pure Multi-Family REIT LP Announces Release of Second Quarter Financial Results

Friday, August 9, 2019 - 12:26am

(2)Adjusted Net Rental Income includes the removal of the impact of any property tax refunds received relating to a prior period.

Key Points: 
  • (2)Adjusted Net Rental Income includes the removal of the impact of any property tax refunds received relating to a prior period.
  • (3)Amounts relating to Normalized FFO and Normalized AFFO have been adjusted to remove the non-recurring expenditures incurred relating to the strategic review process.
  • Pure Multi-Family is a Canadian based, publicly traded vehicle which offers investors exclusive exposure to attractive, institutional quality U.S. multi-familyreal estate assets.
  • These measures should be considered as supplemental in nature and not as a substitute for related financial information prepared in accordance with IFRS.

ALIANSCE: Net revenue growth of 10.9% and EBITDA expansion of 9.6%

Monday, July 29, 2019 - 10:49pm

Net revenue growth of 10.9%.

Key Points: 
  • Net revenue growth of 10.9%.
  • Rent revenue expanded 8.2% yoy in 2Q19, contributing to 9.9% NOI growth in the same period.
  • EBITDA expansion of 9.6% and AFFO increase of 19.1%.
  • Consistent improvement in operational results and debt reprofiling strategy led to R$66.6 million AFFO, margin of 46.5%, a 361 bps expansion yoy.

Griffin Capital Essential Asset REIT II Reports First Quarter 2019 Results

Wednesday, May 22, 2019 - 6:54pm

GRIFFIN CAPITAL ESSENTIAL ASSET REIT II, INC.

Key Points: 
  • GRIFFIN CAPITAL ESSENTIAL ASSET REIT II, INC.
    Our management believes that historical cost accounting for real estate assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time.
  • Additionally, we use Adjusted Funds from Operations (AFFO) as a non-GAAP financial measure to evaluate our operating performance.
  • We also believe that AFFO is a recognized measure of sustainable operating performance by the REIT industry.
  • Our calculation of FFO and AFFO is presented in the following table for the three months ended March31, 2019 and 2018 (dollars in thousands):

Pure Multi-Family REIT LP Announces Release of First Quarter Financial Results and Conference Call

Tuesday, May 14, 2019 - 12:44am

Adjusted Net Rental Income includes the removal of the impact of any property tax refunds received relating to a prior period.

Key Points: 
  • Adjusted Net Rental Income includes the removal of the impact of any property tax refunds received relating to a prior period.
  • Pure Multi-Family's FFO and AFFO payout ratios improved during the three months ended March 31, 2019 compared to the same period in the prior year.
  • To participate on the conference call, please dial one of the following numbers approximately 10 minutes prior to the commencement of the call and ask to join the Pure Multi-Family REIT LP Conference Call.
  • The forward-looking statements contained in this news release represent Pure Multi-Family's expectations as of the date hereof, and are subject to change after such date.

Plymouth Industrial REIT Reports First Quarter Results

Thursday, May 9, 2019 - 11:30am

Plymouth Industrial REIT, Inc. (NYSE America: PLYM) (the Company) today announced its consolidated financial results for the quarter ended March 31, 2019 and other recent developments.

Key Points: 
  • Plymouth Industrial REIT, Inc. (NYSE America: PLYM) (the Company) today announced its consolidated financial results for the quarter ended March 31, 2019 and other recent developments.
  • FFO and AFFO per weighted average common share and units reflect approximately 278,000 common shares issued during the first quarter through the Companys at-the-market equity (ATM) program.
  • The acquisition is expected to close by the end of the second quarter of 2019, subject to customary closing conditions.
  • Jeff Witherell, Chairman and Chief Executive Officer of Plymouth Industrial REIT, noted, As expected, the first quarter set the pace for a year of leasing activity that should demonstrate the embedded growth we have created in our portfolio.