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BRIEF-Northview Apartment REIT Says Q1 Same Store Sales Rose 2.6%

Published 2020-05-14, 08:09 p/m

May 14 (Reuters) - Northview Apartment REIT NVU_u.TO :

* PROVIDES TRANSACTION AND COVID-19 UPDATES, ANNOUNCES Q1 2020 FINANCIAL RESULTS

* Q1 SAME STORE SALES ROSE 2.6 PERCENT

* QTRLY DILUTED FFO PER UNIT WAS $0.47

* QTRLY SAME DOOR NOI INCREASED BY 6.5%, INCLUDING AN 8.3% INCREASE FOR MULTI-FAMILY BUSINESS SEGMENT

* QTRLY TOTAL REVENUE $99.9 MILLION VERSUS $96.2 MILLION

* OIL PRICE DECLINE MAY HAVE A NEGATIVE IMPACT ON NET OPERATING INCOME IN RESOURCE-BASED MARKETS IN FUTURE PERIODS

* QTRLY TOTAL NOI $56 MILLION VERSUS $51.2 MILLION

* OCCUPANCY WAS 93.9% IN Q1 2020, AN IMPROVEMENT OF 30 BPS

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