03:56 PM EST - MI Developments Inc. : reported first-quarter funds from operations of $25.66 million U.S. or $0.55 U.S. per share, compared to $34.93 million U.S. or $0.75 U.S. per share last year. Net income attributable to MID was $15.13 million U.S. compared to $25.16 million U.S. in the prior-year period. Revenues were $44.56 million U.S., compared to $53.82 million U.S. in the first quarter of 2009. MI Developments Inc.
shares T.MIM.A are trading up $0.95 at $13.72.
