Terrafina reported unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company's rental revenues reached $32.6 million, a 2.5% or $0.8 million decrease compared to first quarter of 2015. NOI was $31.8 million, a 0.5% or $0.1 million decrease compared to first quarter of 2015.

EBITDA reached $28.5 million, an increase of 0.2% or $0.1 million compared to first quarter of 2015. Adjusted funds for operations (AFFO) reached $16.6 million, a $1.8 million decrease compared to first quarter of 2015.