CHC Student Housing Corp. announced consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported property revenues of CAD 1,221,476 compared with CAD 1,255,977 for the same period a year ago. Net operating income was CAD 683,968 compared with CAD 668,589 for the same period a year ago. Net loss was CAD 1,034,447 or CAD 0.38 per basic and diluted share compared with CAD 302,728 or CAD 0.13 per basic and diluted share for the same period a year ago. Funds used in operations were CAD 320,168 or CAD 0.12 per share compared with CAD 282,162 or CAD 0.12 per share for the same period a year ago. Adjusted funds used in operations were CAD 285,435 or CAD 0.11 per share compared with CAD 258,493 or CAD 0.11 per share for the same period a year ago. Cash used in operating activities was CAD 943,053 compared with cash provided by operating activities of CAD 59,606 for the same period a year ago. For the nine months, the company reported property revenues of CAD 3,919,301 compared with CAD 3,806,698 for the same period a year ago. Net operating income was CAD 2,156,581 compared with CAD 1,839,440 for the same period a year ago. Net loss was CAD 1,380,685 or CAD 0.55 per basic and diluted share compared with CAD 243,843 or CAD 0.10 per basic and diluted share for the same period a year ago. Funds used in operations were CAD 704,191 or CAD 0.28 per share compared with CAD 976,931 or CAD 0.42 per share for the same period a year ago. Adjusted funds used in operations were CAD 834,886 or CAD 0.33 per share compared with CAD 1,029,238 or CAD 0.44 per share for the same period a year ago. Cash used in operating activities was CAD 1,822,217 compared with CAD 401,608 for the same period a year ago. The AFFO improvement is primarily driven by a reduction in property management fees due to the Company closely monitoring cash flow and improved cash flows from operations before financing.