Brief: Mainstreet Equity reports Q2 FFO increased 5 pct to $7.2 mln

Mainstreet Equity

09/05/2017 12:30

May 9 (Reuters) - Mainstreet Equity Corp  MEQ.TO : 
    * Mainstreet Equity Corp. Releases its Q2 2017 results 
    * Purchased 245 units of residential apartments for $23.1 
million ($94,000 per unit) in Q2 2017 
    * Qtrly rental revenues increased 3 pct to $26 million, 
compared with $25.3 million in Q2 2016 
    * In Q2 2017, FFO increased 5 pct to $7.2 million, compared 
with $6.9 million in Q2 2016 
    * Excluding one-time items, qtrly FFO decreased 30 pct to 
$5.0 million, compared with $7.1 million in Q2 2016. 
 
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