CHC Student Housing Corp. announced earnings results for first quarter ended March 31, 2018. For the quarter, the company reported property revenues of $1,188,456 compared to $1,390,036 a year ago. Net operating income was $693,944 compared to $745,629 a year ago. Net loss and comprehensive loss was $350,493 compared to $66,086 a year ago. Basic and diluted net loss per share was $0.13 compared to $0.03 a year ago. Negative funds from operations were $350,493 or $0.13 per share compared to $103,871 or $0.04 per share a year ago. Negative adjusted funds from operations was $385,600 or $0.14 per share compared to $228,081 or $0.10 per share a year ago. Revenues decreased by 14.5% or $201,580 primarily because of the sale of the Windsor Property in August 2017. NOI decreased by 6.9% or $51,685 also due to the sale of the Windsor Property. General and administrative expenses increased by 31.2% or $88,078, primarily due to transaction costs related to the failure to obtain shareholders’ approval for the sale of the London Property on March 5, 2018 offset by lower payroll costs. AFFO loss increased by 69.1% or $157,519 primarily due to lower revenues and higher expenses.