Loblaw’s real estate branch Choice Properties listed a net income of $122.3 million and rental revenue of $170.3 million in the third quarter, a growth since the same period last year.
Choice Properties’ net income for the period that ended on Sept. 30 incorporated an $84.8 million net gain from fair value adjustments.
The company’s net operating income grew by over $10 million, while its rental income grew by 10.9 per cent from $153.6 million in the third quarter last year. Choice Properties’ adjusted operation funds grew from 18.5 cents per unit to 18.9 cents per unit.
