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Stock impact report

Mainstreet Equity Achieves Tenth Consecutive Quarter of Double-digit Growth in Q2 [Yahoo! Finance]

Cabot Corporation (CBT) 
Last cabot corporation earnings: 2/3 04:16 pm Check Earnings Report
US:NYSE Investor Relations: cabotog.com/investors
Company Research Source: Yahoo! Finance
Funds from operations ("FFO") before current corporate tax increased 46%, near the fastest rate in Mainstreet history. Net operating income ("NOI") rose 23%, same-asset NOI grew 17%, rental revenues increased 19%, and operating margins improved to 61%. Bob Dhillon, Founder and Chief Executive Officer of Mainstreet, said, "Our latest results yet again demonstrate the success of Mainstreet's value-add business model, continuing our more than 20-year legacy of delivering non-dilutive organic growth to shareholders." He added, "In this time of structural housing undersupply, Mainstreet remains a proud provider of affordable, quality, renovated living for middle-class Canadians." We believe these highly positive results are consistent with the proven success of Mainstreet's value-added business model. Since Mainstreet began trading on the TSX in 2000, we have expanded our portfolio from a handful of rental units to close to 18,000 units (YTD), allowing the Corporation to organically bu Show less Read more
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