Temple Real Estate Investment Trust (REIT) reported a 4% fall in operating income for the third quarter of 2011 compared with the same period in 2010.

The company’s operating income for the year-to-date (YTD) 2011 rose by 16%, compared with the same period in 2010.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Temple REIT’s income for Q3 2011 increased by $480,000, or 104%, and for the YTD by $3.97m, or 425%, compared with the previous year’s figures.

The net income for Q3 2011 increased by $1.8m, or 262%, compared with Q3 2010, while the net income for the YTD rose by $3.59m, compared with a net loss of $1.27m for the same period last year.

Temple REIT’s room revenue for the quarter increased by $680,000, or 6%, compared with Q3 2010, although the company’s Capri Centre hotel in Alberta, Canada, recorded a drop in occupancy and operating income due to the removal of rooms from the market for renovation.

See Also:

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.