11:06 AM EST - Alexis Nihon Real Estate Investment Trust : announced that its fourth quarter funds from operations decreased 16.2% to $7.5 million, from $9.0 million in the same quarter last year. Funds from operations per unit for the quarter were $0.29, down from $0.35 in the year ago quarter. Net operating income for the quarter was $17.63 million, up from $16.8 million in the same quarter prior year. Quarterly revenues increased to $34.23 million, from $32.98 million in the comparable quarter last year. For the fiscal year, the company reported Funds from of $37.45 million or $1.45 per unit, compared to funds from operations of $33.63 million or $1.31 per unit in the last year. Alexis Nihon Real Estate Investment Trust
units T.AN.UN are trading up 3 cents at $18.63.
