Choice Properties Reit (OTC) (TSE:CHP.UN) has released an update.
Choice Properties REIT has reported a solid first quarter in 2024 with a 6.1% increase in diluted FFO per unit and a stable occupancy rate of 97.9%. The quarter saw the company complete over $60 million in real estate transactions and transfer nearly $75 million in development projects to income-producing status. However, net income fell to $142.3 million due to non-cash fair value adjustments, compared to $270.8 million in the same quarter the previous year.
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