December 7, 2019 - CM
|CIBC - 2019 Earnings & Price Target Forecast .....|
December 6, 2019 - TD
|TD Bank - 2019 Fiscal Earnings & Price Target Update .....|
December 5, 2019 - NA
|National Bank of Canada - Fiscal 2019 Earnings, Price Target .....|
December 4, 2019 - RY
|Royal Bank of Canada, Fiscal 2019 Earnings, Price Target Update .....|
December 3, 2019 - BMO
|Bank of Montreal - 2019 Earnings, Fiscal 2020 Forecast .....|
December 1, 2019 - CRR.UN
|Crombie REIT - Q3-2019, Price Target Update .....|
November 30, 2019 - POW
|Power Corp. of Canada, Q3-2019 Earnings, Price Target Update .....|
November 29, 2019 - BNS
|Bank of Nova Scotia, Fiscal 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|
December 6, 2019
|New! Coverage Universe - Weekly Price Change: Nov 29-Dec 6, 2019|
November 29, 2019
|Coverage Universe - Weekly Price Change: Nov 22-29, 2019|
November 22, 2019
|Coverage Universe - Weekly Price Change: Nov 15-22, 2019|
November 8, 2019
|Coverage Universe - Weekly Price Change: Nov 1-8, 2019|
November 1, 2019
|Coverage Universe - Weekly Price Change: Oct 25-Nov 1, 2019|
October 26, 2019
|Coverage Universe - Weekly Price Change: Oct 18-25, 2019|
October 18, 2019
|Coverage Universe - Weekly Price Change: Oct 11-18, 2019|
October 11, 2019
|Melcor REIT - 5.1% Convertible Debenture New Issue|