Q: Please comment on Q3 results.
Thanks
Yves
Thanks
Yves
5i Research Answer:
Cash flow per unit was 11c, vs estimates 11.5c; revenue of $104.3M beat estimates of $90.5M. EBITDA of $78.1M beat estimates by 28%. Revenue fell 2.6% due to some asset sales. Same property net income rose 4.4%. Cash flow per unit rose 10%. Occupancy is 96.9%. Payout ratio 85%. It was a solid quarter overall.