Earnings
October 17, 2019 - AW.UN
New! A&W Revenue Royalties Income Fund -Q3-2019 Results, Price Target Forecast .....
October 17, 2019 - ADN
New! Acadian Timber Corp. 1H-2019 Earnings, Price Target .....
October 16, 2019 - PLZ-UN
Plaza Retail REIT- 1H-2019 Earnings, Price Target Update .....
October 13, 2019 - PEGI
Pattern Energy Group -1H-2019 Earnings & Price Target Update .....
October 12, 2019 - LIF
Labrador Iron Ore Royalty Corp. 1H-2019 Earnings, Price Target Update .....
October 11, 2019 - NPI
Northland Power Inc. Q2-2019 Earnings & Price Target .....
October 10, 2019 - AQN
Algonquin Power & Utilities Corp. Q2-2019 Earnings & Price Target .....
October 8, 2019 - CNQ
Canadian Natural Resources Ltd. Q2-2019 Earnings, Price Target .....
Recommendation Changes
SRV.UN, PLZ-UN, ESI, KEG.UN, WIR.U, more...
Adjusted Funds from Operations

Adjusted Funds from Operations (AFFO) is the amount of cash (or near cash) generated by a business,  including costs necessary to sustain productive capacity. AFFO can be retained and used internally to fund growth, or can be distributed to owners.

AFFO stands for Adjusted Funds from Operations. This amount is determined by starting with net income(as determined under Generally Accepted Accounting Principles), and adjusting for non cash amounts or amounts related to capital spending. Examples of non cash amounts would be unrealized gains or losses on hedging contracts. It also includes depreciation, depletion or amortization which are a non-cash expenses. Capital spending can be identified as either growth or sustaining. If determined to be sustaining this is deducted from AFFO.

Other terms that essentially mean much the same as AFFO are Distributable Cash, Adjusted Operating Net Income and Free Cash flow. AFFO is most meaningful when calculated on a per share basis then compared with dividends per share to determine the AFFO payout ratio.


Produced by H.C. Levant, – Reproduction of this material in part or it’s entirety is subject to copyright licensing agreements and is forbidden except only with the express written consent of the author.

New Issues & Acquisition
October 18, 2019
New! Coverage Universe - Weekly Price Change: Oct 11-18, 2019
October 11, 2019
Melcor REIT - 5.1% Convertible Debenture New Issue
October 11, 2019
Coverage Universe - Weekly Price Change: Oct 4-11, 2019
October 5, 2019
Coverage Universe - Weekly Price Change: Sept 27- Oct 4, 2019
September 27, 2019
Coverage Universe - Weekly Price Change: Sept 20-27, 2019
September 20, 2019
Coverage Universe - Weekly Price Change: Sept 13-20, 2019
September 17, 2019
BTB REIT- 6% Convertible Debenture New Issue
September 13, 2019
Coverage Universe - Weekly Price Change: Sept 6-13, 2019