george weston ltd on tuesday reported a fall in secondquarter profit as the companys real estate unit booked higher interest and financing costs the torontobased holding company which is made up of the choice properties real estate investment trust and canadian supermarket retailer loblaw reported a decline in net income to 498 million canadian dollars 3775 million or c355 a share compared with c634 million or c432 a share a year ago george weston blames the decrease largely due to significant changes in choice properties unit price which were fell under the category of net interest expense and other financing charges and cost the company about c374 million adjusted earnings which excludes oneoff and nonrecurring costs rose to c268 a share from c223 but short of analyst expectations of a rise to c280 a share according to a poll conducted by factset revenue in the quarter climbed to c1388 billion from c1298 billion beating expectations of a rise to c1379 billion george weston benefited from strong revenue from loblaw in which it is a majority owner which came in 67 higher at c1374 billion in its own second quarter meanwhile choice properties saw a rise in revenue of 54 to c330 million thanks mostly to higher rental rates and higher capital recoveries