Brookfield Canada Office Properties (BOXC: Quote,BOX_UN.TO: Quote) reported that its fourth-quarter Funds from operations was C$35.9 million, up from C$33.1 million in the same quarter last year. FFO for the quarter was C$0.39 per unit, compared to C$0.36 per unit last year. Analysts polled by Thomson Reuters expected the company to report earnings of C$0.37 per share for the quarter. Analysts’ estimates typically exclude special items.
Net income for the quarter was C$165.6 million, compared to C$216.9 million in the year ago quarter. Net income was C$1.78 per unit, compared to C$2.33 per unit in the prior year quarter.
Adjusted funds from operations or AFFO for the quarter was C$28.0 million, compared to C$25.5 million in the year ago quarter. AFFO for the quarter was C$0.30 per unit, compared to C$0.27 per unit last year.
The company announced a distribution of C$0.0975 per Trust unit payable on March 15, 2013 to holders of Trust Units of record at the close of business on February 28, 2013.
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by RTT Staff Writer
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