funds from operations

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Funds From Operations (FFO)

Used by real estate and other investment trusts to define the cash flow from trust operations; earnings with depreciation and amortization added back. A similar term increasingly used is funds available for distribution (FAD), which is FFO less capital investments in trust property and the amortization of mortgages.

Funds from Operations

In real estate investment trusts, 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.

funds from operations

A measure of the profitability of any business, but particularly a real estate investment trust. It is net income without downward adjustments for depreciation or amortization and without considering any extraordinary revenues such as from the sale of an asset.

References in periodicals archive ?
For the three months ended September 30, 2004, Brookfield's funds from operations increased by 13% to $0.
Management believes Funds from Operations ("FFO") is helpful to investors as a measure of the performance of an equity REIT.
Our annual 2002 funds from operations reflect an increase of over 10%, when compared to 2001 funds from operations.
Anna Chew, Chief Financial Officer, stated that the decrease in net income and funds from operations for the current three months was due primarily to a decrease in sales activity and securities transactions, and an increase in insurance costs and property taxes.
a) Basic adjusted funds from operation per common share is computed by
While funds from operations adjusted for minority interest were level with the same period last year, the $0.
In early May, self-advised lodging real estate investment trust (REIT) released first-quarter funds from operations (FFO) of 14 cents per share, which topped the year-ago total of eight cents and matched the consensus estimate.
08 Funds From Operations $1,871,630 $ 892,010 Funds From Operations/Share $ 0.
NYSE: EHP), a Zacks #1 Rank (Strong Buy) company, announced first-quarter funds from operations (FFO) of 19 cents per share in early May.
Funds from operations, the most accurate measure of performance of an REIT, totaled $8,392,249 for the quarter ended September 30, 1996, as compared to $8,205,358 for the same quarter of 1995.
The rating also considers the financial strength of the regulated utilities, San Diego Gas and Electric Company and Southern California Gas Company, which generate approximately 65% of SRE's consolidated funds from operations (FFO) and benefit from a supportive regulatory environment, strong regional economy, and minimal commodity price exposure.
For the six months ended June 30, 1996, funds from operations totaled $16,575,517 as compared to $16,754,133 for the same period of 1995.