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TransGlobe Apartment REIT reports initial financial results

^{Published on 2010-08-10 13:10:20 - Market Wire}
 

 Financial Highlights ------------------------------------------------------------------------- May 14, 2010 to June 30, 2010 Forecast ------------------------------------------------------------------------- $000 ------------------------------------------------------------------------- Revenue $11,770 $11,615 ------------------------------------------------------------------------- Net Operating Income (NOI) $6,919 $6,702 ------------------------------------------------------------------------- NOI margin 59.3% 58.1% ------------------------------------------------------------------------- Funds from Operations (FFO) $4,470 $4,204 ------------------------------------------------------------------------- Adjusted Funds from Operations (AFFO) $3,414 $3,197 ------------------------------------------------------------------------- AFFO per unit $0.11 $0.11 ------------------------------------------------------------------------- Distributions declared for period $2,967 $2,967 ------------------------------------------------------------------------- Distributions per unit $0.099 $0.099 ------------------------------------------------------------------------- AFFO Payout Ratio 86.9% 92.8% -------------------------------------------------------------------------