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RioCan funds from operations up 10.1% YOY in Q2

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RioCan funds from operations up 10.1% YOY in Q2

RioCan Real Estate Investment Trust reported second-quarter funds from operations of C$146.6 million, or 45 Canadian cents per unit, up 10.1% in the aggregate from C$133.1 million, or 41 cents per unit, in the 2016 second quarter.

During the second quarter, FFO from continuing operations rose 25.5% to C$145.7 million year over year, while FFO from discontinued operations was down 94.8% to C$900,000 from the year-ago quarter.

The S&P Capital IQ consensus FFO-per-share estimate for the second quarter was 42 cents.