pro forma statement

Pro forma statement

A financial statement showing the forecast or projected operating results and balance sheet, as in pro forma income statements, balance sheets, and statements of cash flows.

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pro forma statement

Anticipated revenues and expenses of a business. Development projects will include a pro forma statement (pro forma for short) for each month or quarter until the project reaches stabilized occupancy,and then a separate pro forma for a representative 12 months at stabilized occupancy.Many developers prepare three pro formas for every project:best case,worst case, and most likely case.