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Brookfield Canada reports 1Q results

TORONTO (AP) _ Brookfield Canada Office Properties (BOXC) on Monday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in Toronto, said it had funds from operations of $8.3 million, or 32 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $12.5 million, or 48 cents per share.

The real estate investment trust, based in Toronto, posted revenue of $99.1 million in the period.

The company's shares have increased 23 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $24.12, an increase of 8 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BOXC at https://www.zacks.com/ap/BOXC


Keywords: Brookfield Canada Office Properties, Earnings Report