Terrafina Reports Unaudited Operating and Earnings Results for the Third Quarter Ended September 30, 2014; Reaffirms Earnings Guidance for the Year 2014
For the quarter, rental revenues reached $33.2 million, an increase of 1.9% or $0.6 million compared to second quarter of 2014. NOI was $32.6 million, an increase of 4.4% or $1.4 million compared to second quarter of 2014. EBITDA reached $28.9 million. Adjusted funds for operations (AFFO) reached $18.6 million.
The company reaffirmed its $125 million NOI guidance for 2014. Considering expected NOI of $125 million for 2014.