2023 Highlights
Financials
We are pleased to report solid financial results, including four consecutive quarters of double-digit NOI growth, consistent NOI margin expansion, and our highest annual FFO.
$.3M
Net Operating Income*
* Proportionate
.8%
YoY SPNOI Growth
.6%
NOI Margin
$0.
FFO/Unit
.0%
December 2023 Occupancy
.2%
Distribution Increase
$.2M
December 2023 Available Liquidity
.6%
YoY FFO/Unit Growth
Highlights
August
Strategic Disposition
Sold a 54-suite property in Ottawa at above IFRS value and repurchased 137,200 units under NCIB.
August
Second Office Conversion
Advancing our second office conversion project, 360 Laurier in Ottawa.
September
Annual Charity Golf Tournament
Raised a record-breaking $1.7 million for charities at the annual Mike McCann Charity Golf Tournament.
November
The Slayte
Lease-up rate at our first office conversion building, The Slayte, exceeded 80%.
December
Building Certifications
Certified more than 70% of our communities with the Certified Rental Building Program.