August 24, 2019 - CM
|New! CIBC - Q3-2018 Earnings & Price Target Forecast .....|
August 22, 2019 - NXR.UN
|Nexus REIT - Q2-2019 Earnings, Price Target Update .....|
August 22, 2019 - RY
|Royal Bank of Canada Q3-2019 Earnings, Price Target Update .....|
August 21, 2019 - FSZ
|Fiera Capital Corp. - Q2-2019 Earnings, Price Target .....|
August 18, 2019 - NVU.UN
|Northview Apartment REIT - Q2-2019 Earnings, Price Target Update .....|
August 17, 2019 - FTS
|Fortis Inc Q2-2019 Earnings, Price Target Update .....|
August 16, 2019 - SPB
|Superior Plus Corp. Q2-2019 Earnings & Price Target Update .....|
August 15, 2019 - IPL
|Inter Pipeline Ltd - Q2-2019 Earnings - Price Target Update .....|
|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|
August 23, 2019
|New! Coverage Universe - Weekly Price Change Aug 16 - Aug 23, 2019|
August 17, 2019
|Coverage Universe - Weekly Price Change Aug 9 - Aug 16, 2019|
August 9, 2019
|Coverage Universe - Weekly Price Change Aug 2 - Aug 9, 2019|
August 3, 2019
|Coverage Universe - Weekly Price Change July 26 - Aug 2, 2019|
July 26, 2019
|Coverage Universe - Weekly Price Change July 19-26, 2019|
July 22, 2019
|Firm Capital Amercian Reallty Partners Corp- 6.25% Convertible Debenture New Issue|
July 19, 2019
|Coverage Universe - Weekly Price Change July 12-19, 2019|
July 12, 2019
|Coverage Universe - Weekly Price Change July 5-12, 2019|