Content area
Abstract
- Charter REIT recorded an 18.1% increase in net operating income ("NOI") for the quarter ended June 30, 2009 compared to the quarter ended June 30, 2008, and a 27.2% increase in NOI for the six months ended June 30, 2009 compared to the six months ended June 30, 2008, both mainly relating to acquisitions that have taken place since then.
- For the quarter ended June 30, 2009, Charter REIT recorded NOI and same-property NOI of $2,671,111, compared to $2,794,806 recorded for the quarter ended March 31, 2009, with the decrease mainly relating to a one-time accounting adjustment recorded in the first quarter of 2009.
- Charter REIT had a net loss of $664,561 or $0.04 per unit basic and diluted for the quarter ended June 30, 2009 and a net loss of $859,276 or $0.05 per unit basic and diluted for the six months ended June 30, 2009 (for the quarter ended March 31, 2009 - net loss of $194,715 or $0.01 per unit basic and diluted, for the quarter ended June 30, 2008 - net loss of $196,440 or $0.01 per unit basic and diluted and for the six months ended June 30, 2008 - net loss of $658,561 or $0.04 per unit basic and diluted).