Fronsac Real Estate Investment Trust Releases Interim Financial Statements and Declares a Distribution to Unitholders
15 Noviembre 2012 - 9:40AM
Marketwired Canada
Fronsac real estate investment trust ("Fronsac REIT") (TSX VENTURE:GAZ.UN) today
released its unaudited consolidated financial statements for its third quarter
ended September 30, 2012.
The net income of the quarter ended September 30, 2012 was $47,848 or $0.002 per
unit (2011: net loss of ($80,710) or ($0.006) per unit).
SUMMARY OF INCOME STATEMENT INFORMATION
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Income September 30, September 30,
2012 2011
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Revenue $183,269 $121,814
Net lncome (loss) $47,848 ($80,710)
Per unit - basic and diluted $0.002 ($0.006)
Weighted average units outstanding - basic
and diluted 20,514,000 13,790,000
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SUMMARY OF CASH FLOWS INFORMATION
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Cash Flows September 30, September 30,
2012 2011
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Cash from operating activities $88,735 $60,312
Cash from investing activities ($35,207) ($333,377)
Cash from financing activities $30,505 ($47,794)
Increase (decrease) in cash $84,033 ($320,859)
Cash - beginning of period ($19,997) $776,073
Cash - end of period $64,036 $455,214
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SUMMARY OF FINANCIAL POSITION INFORMATION
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Financial Position September 30, December 31,
2012 2011
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Cash $64,036 $1,985,720
Investment Properties $9,119,054 $7,111,919
Total Assets $9,633,082 $9,335,868
Total Liabilities $4,770,364 $4,527,216
Total Equity $4,862,718 $4,808,652
Book value per unit $0.24 $0.23
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The Trust's September 30, 2012 financial statements of Fronsac REIT may be
viewed on SEDAR at www.sedar.com
On November 14, 2012, the Board of Fronsac REIT has declared a distribution of
$0.00625 to unitholders of record on November 30, 2012 that will be paid on
December 31, 2012.
FOR FURTHER INFORMATION PLEASE CONTACT:
Michel Lassonde
President
(450) 536-5328
Fronsac Real Estate Investment (TSXV:GAZ.UN)
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