Regional PerformanceIn Ontario, same-property NOI rose 28%, driven by greater rents from lease commencements and lease termination fees.
Same-property NOI GrowthSame-property NOI growth was 9.4% or $1.8 million ($0.02 per unit) in the quarter, driven by lease commencements as well as lease termination income.
Unit RepurchaseSaving from suspending the distribution were used to repurchase $10.5 million units over the past year at an average price of $9.15, which provided a boost to FFO per unit.