CHC Student Housing Corp. announced consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported property revenues of CAD 1,307,789 compared with CAD 1,261,010 for the same period a year ago. Net operating income was CAD 726,984 compared with CAD 546,445 for the same period a year ago. Net loss was CAD 280,152 or CAD 0.12 per basic and diluted share compared with CAD 381,481 or CAD 0.16 per basic and diluted share for the same period a year ago. Funds used in operations were CAD 280,152 or CAD 0.12 per share compared with CAD 370,091 or CAD 0.16 per share for the same period a year ago. Adjusted funds used in operations were CAD 321,370 or CAD 0.13 per share compared with CAD 389,956 or CAD 0.17 per share for the same period a year ago. Cash used in operating activities was CAD 859,853 compared with CAD 520,524 for the same period a year ago. For the six months, the company reported property revenues of CAD 2,697,825 compared with CAD 2,550,721 for the same period a year ago. Net operating income was CAD 1,472,613 compared with CAD 1,170,851 for the same period a year ago. Net loss was CAD 346,238 or CAD 0.14 per basic and diluted share compared with net income of CAD 58,885 or CAD 0.03 per basic and diluted share for the same period a year ago. Funds used in operations were CAD 384,023 or CAD 0.16 per share compared with CAD 694,769 or CAD 0.30 per share for the same period a year ago. Adjusted funds used in operations were CAD 549,451 or CAD 0.23 per share compared with CAD 770,745 or CAD 0.33 per share for the same period a year ago. Cash used in operating activities was CAD 879,164 compared with CAD 461,214 for the same period a year ago. The AFFO improvement is primarily driven by a reduction in capital spending and property management fees due to the company closely monitoring cash flow and improved cash flows from operations before financing.