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Last C$0.34 CAD
Change Today -0.005 / -1.45%
Volume 1.0K
GAZ-U On Other Exchanges
Symbol
Exchange
Venture
As of 2:48 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

fronsac real estate investme (GAZ-U) Snapshot

Open
C$0.34
Previous Close
C$0.35
Day High
C$0.34
Day Low
C$0.34
52 Week High
08/13/14 - C$0.45
52 Week Low
05/16/14 - C$0.28
Market Cap
15.7M
Average Volume 10 Days
5.1K
EPS TTM
C$0.0090
Shares Outstanding
46.2M
EX-Date
03/18/15
P/E TM
37.8x
Dividend
C$0.01
Dividend Yield
4.35%
Current Stock Chart for FRONSAC REAL ESTATE INVESTME (GAZ-U)

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fronsac real estate investme (GAZ-U) Details

Fronsac Real Estate Investment Trust operates as an open-ended trust in Canada. It holds two properties comprising a property located in Mont St-Hilaire (Quebec) bordering highway 20 that includes a McDonald’s restaurant, a convenience shop, and Ultramar gas station; and the other property situated in St-Jean-sur-le-Richelieu (Quebec) bordering highway 35, which comprise a convenience retailer, a Shell gas station, and car wash. The company was formerly known as Fronsac Capital Inc. and changed its name to Fronsac Real Estate Investment Trust in July 2011. Fronsac Real Estate Investment Trust is headquartered in St-Jean-Baptiste, Canada.

fronsac real estate investme (GAZ-U) Top Compensated Officers

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Executives, Board Directors

fronsac real estate investme (GAZ-U) Key Developments

Fronsac Real Estate Investment Trust Announces Audited Consolidated Financial Results for the Full Year Ended December 31, 2014

Fronsac Real Estate Investment Trust announced audited consolidated financial results for the full year ended December 31, 2014. For the year, the company reported funds from operations of $693,768, an increase of 19% over 2013 $581,977 in 2013. FFO per unit was 1.82 cents per diluted unit compared to 1.75 cents per diluted unit for the year ended December 31, 2013, an increase of 5% over 2013. The acquisition completed in 2014 mainly explains the increase in the FFO as well as the full year results related to acquisitions that took place in 2013. Net operating Income was $1,414,515, compared to $1,111,914 in 2013, an increase of 32%. The increases were due to the contributions to revenue from acquisitions, which took place in the later part of 2013, as well as the completion during third quarter of the development in Louiseville (McDonalds). Net loss attributable to unitholders was $730,872 or 1.95 cents per diluted unit compared to a net profit of $1,250,170 or 3.81 cents per diluted unit for 2013. The main factor affecting the net loss was a non-cash adjustment related to a decrease in the fair value of investment properties in the amount of $1,655,115, an increase of $575,903 during 2013. The main reason for the fluctuation was due to a change in the weighted average capitalization rate from 6.23% in 2013 to 6.82% in 2014. Total revenue was $1,499,518, compared to $1,138,595 in 2013. AFFO was $693,768, compared to $581,977 in 2013. EBITDA was $1,128,616, compared to $926,380 in 2013.

Fronsac Real Estate Investment Trust Announces Regular Quarterly Distribution, Payable on March 31, 2015

Fronsac Real Estate Investment Trust announced a regular quarterly distribution of $0.0037 per unit to unit holders of record as at March 20, 2015 and payable on March 31, 2015.

Fronsac Real Estate Investment Trust Acquires Property at 1319 Brookdale Avenue, in Cornwall, Ontario

Fronsac Real Estate Investment Trust announced that it has acquired a property at 1319 Brookdale Avenue, in Cornwall, Ontario. This acquisition is Fronsac's first in Ontario. The seller is an independent third party with no previous ties to Fronsac. This property is currently operated as a Burker King restaurant under a triple-net lease of $60,000 per year expiring in 2017 (plus a percentage of sales made by the store) and has been acquired for the price of $815,000. A Canadian chartered bank has extended a first mortgage of $500,000 for the transaction.

 

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Price/Sales 9.9x
Price/Book 1.1x
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TEV/Sales 4.2x
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To contact FRONSAC REAL ESTATE INVESTME, please visit www.fronsacreit.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

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