Brookfield Canada Office Properties Q4 Profit Declines - Quick Facts

(RTTNews) - Brookfield Canada Office Properties (BOX_UN.TO, BOXC), a Canadian REIT, reported fourth-quarter net income and comprehensive income attributable to unitholders of C$14.1 million, compared to C$46.4 million, last year. Net income per unit was C$0.54, compared to C$1.78, prior year.

Funds from operations to unitholders was C$10.6 million, compared to C$10.1 million, a year ago. FFO was C$0.41 per unit, compared to C$0.39 per unit in the same prior year period. Adjusted funds from operations, or AFFO, was C$0.32 per unit for the three months ended December 31, 2013.

Commercial property revenue declined year-over-year to C$132.7 million from C$137.8 million.

The Board of Trustees of Brookfield Canada Office Properties announced a distribution of C$0.0975 per Trust unit payable on March 14, 2014 to holders of Trust Units of record at the close of business on February 28, 2014.