Chartwell Retirement Residences Q2 FFO Rises - Quick Facts

(RTTNews) - Chartwell Retirement Residences (CSH.UN.TO) Tuesday said second-quarter funds from operations, or FFO, for the quarter increased to $35.30 million or $0.20 per share from $29.79 million or $0.17 per share last year.

Adjusted FFO for the quarter was $32.25 million or $0.18 per share.

Distributions declared for the quarter totaled $23.43 million, up from $24.33 million last year. On a per-unit basis, distributions declared was $0.14, same as last year.

For the second-quarter, the company reported a profit of $3.78 million, compared to loss of $33.89 million last year.