Northview Residential REIT reports strong financial results with increased Same Door NOI

From GlobeNewswire: 2024-11-14 18:06:43

Northview Residential REIT reported strong financial results for Q3 2024, with a 20.5% increase in NOI to $42.2 million. Same door NOI grew by 8.9%, led by Western Canada’s 13.8% growth. AMR increased by 6.9% and occupancy improved by 130 bps to 96.0%. FFO per basic Unit increased to $0.48. Debt to gross book value decreased to 64.9%. Northview completed over $56 million in non-core asset sales and amended the syndicated credit facility for lower interest rates and extended maturity. Asset dispositions included 226 multi-residential suites and 2,556 commercial sq. ft. in Q3 2024.



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