Mainstreet Equity Achieves Year-Over-Year and 12th Consecutive Quarter of Double-Digit Growth in FY2024
CALGARY, Alberta, December 05, 2024--In FY 2024, Mainstreet posted double-digit, year-over-year growth across all key operating metrics, with funds from operations ("FFO") before current income tax increasing 33%, FFO increasing 23%, net operating income ("NOI") rising 22% and rental revenues increasing 19%. We also achieved our 12th consecutive quarter of double-digit growth in Q4, with major gains in FFO (27%), NOI (24%) and rental revenues (20%). Annual margins increased from 63% to 64%, and