Killam Properties, Inc. reports for the three months ended March 31, 2013 property revenue increased 1.7 percent from $32.7 million to $33.2 million over the same period of 2012, while net rental income fell 3.6 percent, from $18.8 million in Q1 2012 to $18.1 million for 2013. Funds from operations (FFO) per share remained at $0.15 for both quarters, while FFO rose 4.7 percent from $7.4 million to $7.8 million. Overall, net operating income dropped 1.1 percent from $17,058,000 in Q1 2012 to $16,868,000 for the quarter ending March 31, 2013. As MHProNews knows, Killam Properties is one of the largest owner/operators of multifamily and manufactured homes in Canada with 50 MHCs and a portfolio of apartment buildings, primarily in Atlantic Canada.

(Photo credit: Killam Properties, Inc.)