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BRIEF-Northview Apartment REIT reports Q4 FFO per trust unit $0.53

Published 2016-03-09, 07:01 p/m
© Reuters.  BRIEF-Northview Apartment REIT reports Q4 FFO per trust unit $0.53
NVU_u
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March 9 (Reuters) - Northview Apartment REIT NVU_u.TO :
* Reports fourth quarter and fiscal year 2015 financial results and 2016
strategic priorities
* Qtrly FFO per trust unit $0.53
* Qtrly total revenue $70.7 million versus $48.1 million
* Occupancy for the three months ended December 31, 2015, was 91.5%, up 1.5%
from the third quarter of 2015
* Identified about $150 million of non-core properties across the ortfolio to
divest in 2016 and 2017
* Says proceeds from dispositions will be used to reduce overall debt levels
* Intends to restructure current operating credit facilities

* Source text for Eikon
* Further company coverage NVU_u.TO

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