funds from operations

Also found in: Acronyms.

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.

Mentioned in ?

References in periodicals archive ?

1)We believe that funds from operations is an important supplemental measure of operating performance.

NHR Reports First Quarter Income

For the three months ended September 30, 2004, Brookfield's funds from operations increased by 13% to $0.

Value-added strategy

In early May, the company posted first-quarter adjusted funds from operations (AFFO) of 34 cents per share, eclipsing last year's 25 cents and exceeding analysts' expectation by about 13%.

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.

Zacks' High Rank Value strategy highlights: Ashford Hospitality Trust, Deerfield Triarc Capital Corp., Equity Inns and MHI Hospitality Corp

NYSE: EHP), a Zacks #1 Rank (Strong Buy) company, announced first-quarter funds from operations (FFO) of 19 cents per share in early May.

In late April, the self-administered and self-managed real estate investment trust posted first-quarter funds from operations (FFO) of 37 cents per share, which was ahead of analysts' expectations by almost 9%.

Zacks' High Rank Value strategy highlights: American Land Lease, Inc., Eagle Hospitality Properties Trust, Glenborough Realty Trust and iStar Financial Inc

Fitch projects that 2006 consolidated funds from operations (FFO) to interest will remain in the range of approximately 4.

Fitch Affirms Sempra Energy & Subsidiaries; Outlook Remains Stable

The company recently announced first-quarter funds from operations (FFO) of 89 cents per share.

Zacks' High Rank Value strategy highlights: Entertainment Properties Trust, FelCor Lodging Trust Inc., Hospitality Properties Trust and Integra Bank Corp

Funds from operations in for the LTM ended March 31, 2006 was $1.

Fitch Upgrades Baxter International to 'A-'; Outlook Positive

In early February, the company reported fourth-quarter funds from operations (FFO) of 89 cents per share, outpacing the previous year's result and matching the consensus estimate.

Zacks' High Rank Value Strategy Highlights: CBL & Associates Properties, City Holding Co., Entertainment Properties Trust and Harleysville Group

Basic and diluted funds from operations were 44 cents per share compared to 42 cents basic and diluted, last year.