iStockAnalyst informs MHProNews Killam Properties, Inc. of Halifax, Nova Scotia, Canada reports their financial results for the third quarter 2012 saw funds from operations (FFO) fall from $0.216 per share in Q3 2011 to $0.213 as the net proceeds from the sale of 12 MHCs in May were not yet fully deployed. In addition, the company achieved same store rental revenue growth of 1.7 percent, and increased same store net operating income (NOI) 0.9 percent. Total revenue increased for the MHC portfolios 4.2 percent during the quarter, although it was offset by a slight drop in occupancy and in average rents. Overall, net operating income rose 0.7 percent from $21,301,000 in Q3 2011 to $21,442,000 for the same period 2012. Net income attributable to common shareholders fell 35.9 percent from $19,747,000 to $12,662,000, third quarter 2011 over same period 2012.
