AFFO definition

AFFO means FFO plus acquisition and integration costs. Acquisition and integration costs are one time in nature to the specific assets purchased in the current period or pending and are expensed under IFRS. AFFO is a non-IFRS measure – see Accounting Policies Non-IFRS Measures;

AFFO means Core FFO with certain adjustments in order to arrive at a more refined measure of the operating performance of the portfolio. There is no industry standard definition of AFFO and practice is divergent across the industry. AFFO adjusts Core FFO to remove items such as equity-based compensation expense and the amortization of deferred financing costs incurred in connection with obtaining long-term debt financing, and to account for the ongoing maintenance requirements of our properties by reducing Core FFO for a capital expenditure reserve. We believe AFFO is useful to investors as a supplemental gauge of our operating performance and is useful in comparing our operating performance with other real estate investment trusts that are not as involved in the aforementioned activities. NOI

Examples of AFFO in a sentence

As provided in Section 3(c), Section 3(e) and Section 3(f) below, the Performance Measures may be satisfied based on the Company’s Cumulative AFFO per Share and Relative TSR Performance Rank during the Performance Period, as certified in writing by the Committee following the end of the Performance Period.
Notwithstanding the foregoing, the Final Achievement Percentage (i) shall not exceed ___%; and (ii) provided the AFFO Achievement Percentage is greater than or equal to ___%, shall not be less than ___%.
The final number of Units, if any, subject to this Exhibit C at the end of the Performance Period (defined below) shall be calculated as described below based upon the Final Achievement Percentage, which is based upon the AFFO Achievement Percentage (as defined and described in Section 3(c) of this Exhibit C) and the Relative TSR Modifier (as defined and described in Section 3(e) of this Exhibit C).
If Cumulative AFFO per Share is between the levels designated in the table below, then the AFFO Achievement Percentage shall be determined via linear interpolation between applicable percentages.
For example, (1) if Cumulative AFFO per Share is $____, then the AFFO Achievement Percentage would be ___% of the Target Level, and (2) if Cumulative AFFO per Share is $____, then the AFFO Achievement Percentage would be ___% of the Target Level.

AFFO means adjusted funds from operations, calculated by adjusting FFO by adding back acquisition expenses, equity based compensation expenses, and any other non-recurring on non-cash expenses, and subtracting recurring capital expenditures (and, when calculating the Incentive Fee only, further adjusting FFO to include any realized gains or losses on the Company’s real estate investments).

AFFO means cash provided by operating activities, subject to certain adjustments, which include: (i) adjustments for certain non-cash working capital items that are not considered indicative of sustainable economic cash flow available for distribution; (ii) adjustments for interest expense on the credit facilities and mortgages payable that is included in finance costs; (iii) adjustments for cash paid for interest; (iv) add backs for compensation expense related to the Corporation's deferred share incentive plan; (v) add backs for payments received under the Corporation's income support agreements and development lease arrangements; (vi) add backs for the write-off of deferred financing costs from refinancing; and (vii) other adjustments as determined by the Directors of the Corporation in their sole discretion.

AFFO means adjusted funds from operations as described under “Non-Standard Measures” in the REIT’s MD&A for the year ended December 31, 2014, which is incorporated by reference.

AFFO means adjusted funds from operations, as more particularly described under “Non-IFRS Financial Measures”;

AFFO means Adjusted Funds from Operations. AFFO measures the cash generated by Capstone’s infrastructure business investments that is available for dividends and general corporate purposes. For wholly owned businesses, AFFO is equal to Adjusted EBITDA less interest paid, repayment of principal on debt, income, taxes paid and maintenance capital expenditures. For businesses that are not wholly owned, the cash generated by the business is only available to Capstone through periodic dividends. For these businesses, AFFO is equal to distributions received. Also deducted are corporate expenses and dividends on preferred shares.