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BRIEF-Mainstreet Equity reports Q2 FFO increased 5 pct to $7.2 mln
May 9, 2017 / 11:54 AM / 7 months ago

BRIEF-Mainstreet Equity reports Q2 FFO increased 5 pct to $7.2 mln

May 9 (Reuters) - Mainstreet Equity Corp:

* Mainstreet Equity Corp. Releases its Q2 2017 results

* Purchased 245 units of residential apartments for $23.1 million ($94,000 per unit) in Q2 2017

* Qtrly rental revenues increased 3 pct to $26 million, compared with $25.3 million in Q2 2016

* In Q2 2017, FFO increased 5 pct to $7.2 million, compared with $6.9 million in Q2 2016

* Excluding one-time items, qtrly FFO decreased 30 pct to $5.0 million, compared with $7.1 million in Q2 2016. Source text for Eikon: Further company coverage:

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