KILLAM APARTMENT REIT ANNOUNCES STRONG Q1-2024 OPERATING PERFORMANCE AND FINANCIAL RESULTS [Yahoo! Finance]
Cabot Corporation (CBT)
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Source: Yahoo! Finance
"We are pleased to begin the year with another quarter of strong operating and financial results. We delivered double-digit same property NOI [net operating income] growth, driven by robust top-line growth and effective cost containment," noted Philip Fraser , President and CEO. "We have made progress toward our strategic targets for the year. Following Q1 same property NOI growth of 10.3%, we have increased our same property NOI growth target for 2024 to exceed 8%. Developments are an important strategic priority, and they are advancing smoothly. Lease up of the three developments completed in 2023 are on target for full occupancy by early Q3 and are expected to augment FFO [funds from operations] per unit growth in the second half of 2024 and the first half of 2025. In addition, Killam broke ground this quarter on Eventide, a 55-unit building in Halifax , and our 139-unit development in Waterloo , The Carrick, is expected to be completed in the summer of 2025. Killam is also pl
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- 5/15/24 - Form 144
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