CHC Student Housing Corp. Announces Earnings Results for First Quarter Ended March 31, 2017
CHC Student Housing Corp. announced earnings results for first quarter ended March 31, 2017. For the quarter, the company reported property revenues of $1,390,036, net operating income of $745,629, net loss of $66,086 or $0.03 per basic and diluted share, negative funds from operations of $103,871 or $0.04 per share, negative adjusted funds from operations of $228,081 or $0.10 per share compared to the property revenues of $1,289,711, net operating income of $624,406, net income of $440,366 or $0.19 per basic and diluted share, negative funds from operations of $324,678 or $0.14 per share, negative adjusted funds from operations of $380,789 or $0.16 per share for the same quarter a year ago. Cash used in operating activities was $19,311 compared to cash from operating activities was $59,309 a year ago.