Adjusted Funds From Operations

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Adjusted Funds From Operations

In real estate investment trusts (REITs), a measure of revenue from operations involving liquid transfers, like cash, rather than illiquid assets. In general, the FFO is determined by taking the REIT's earnings and adding back their depreciation and amortization of mortgages, then subtracting regular expenditures used to maintain the REIT's assets. It is widely considered a better measure of an REIT's earnings than its funds from operations.
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FFO, Core FFO and AFFO per diluted common share (A) do not represent cash flow from operations as defined by accounting principles generally accepted in the United States of America; (B) should not be considered as an alternative to net income as a measure of operating performance or to cash flows from operating, investing and financing activities; and (C) are not alternatives to cash flow as a measure of liquidity.
GAAP Net Income to the Company's FFO, Core FFO and AFFO for the three and nine months ended June 30, 2015 and 2014:
On March 25, 2015, the Company announced that its management expects to recommend to the Board of Directors that, after the closing of a 15,042-acre acquisition expected to be accretive to AFFO, the Company's quarterly dividend be increased by approximately 10%, to an annual rate of $0.
Certain non-IFRS financial measures are included in this news release, which include ADR, RevPAR, Pro-forma RevPAR, NOI, FFO, FFO per Unit, Core FFO per Unit, AFFO, AFFO per Unit, Core AFFO per Unit, payout ratio and debt-to-gross book value.
Previously reported net loss attributable to the Company, net loss per share, AFFO (net method) and AFFO per share will be decreased by approximately $17.
We define AFFO as Core FFO excluding lease termination income, gains or losses on securities transactions, stock based compensation expense, amortization of deferred financing costs, recurring capital expenditures and straight-line rent adjustments.
AFFO excludes the changes in the fair value of derivative instruments, net of certain associated costs.
Certain non-IFRS financial measures are included in this news release, which include ADR, RevPAR, NOI, FFO, FFO per unit, Core FFO per unit, AFFO, AFFO per unit, Core AFFO per unit, payout ratio and debt to gross book value.
03 per share in AFFO is attributable to positive business related to the effects from the hurricane season.
The Company will work with the Audit Committee and the Audit Committee's independent advisors to determine the adjustments required to be made to the Company's previously issued financial statements, including the calculation of AFFO, as expeditiously as possible.
Compared to the 2013 second quarter, AFFO and AFFO per diluted share increased 68.
Since its inception, the Company has reported AFFO because it believes AFFO is a helpful reporting metric for investors.