CALGARY, Alberta, Nov. 14, 2018 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced third quarter results for the period ended September 30, 2018. RESULTS AT A GLANCE Three Months Ended Nine Months Ended September 30 September 30 FINANCIAL ($000s, except as noted) 2018 2017 Change 2018 2017 Change Royalty and other revenue 40,815 33,938 20 % 120,334 113,459 6 % Net income 8,389 103 – 18,198 20,275 -10 % Per share, basic and diluted ($) 0.07 – – 0.15 0.17 -12 % Funds from operations 35,900 27,927 29 % 102,824 91,765 12 % Per share, basic ($) 0.30 0.24 25 % 0.87 0.78 12 % Operating income (1) 39,225 31,246 26 % 115,214 103,565 11 % Operating income from royalties (%) 99 99 – 99 95 4 % Acquisitions 17,915 (146 ) – 51,493 34,473 49 % Working interest dispositions 1 2,969 – 8,138 32,065 -75 % Dividends declared 18,634 17,714 5 % 55,285 50,757 9 % Per share ($) (2) 0.1575 0.15 5 % 0.47 0.43 9 % Net debt 78,657 38,274 106 % 78,657 38,274 106 % Shares outstanding, period end (000s) 118,348 118,128 – 118,348 118,128 – Average shares outstanding (000s) (3) 118,293 118,073 – […]
