Earnings
December 2, 2020 - BNS
New! Bank of Nova Scotia 2020 yr end Earnings & Price Target Update .....
November 29, 2020 - LIF
Labrador Iron Ore Royalty Corp. Q3-2020 Earnings, Price Target Update .....
November 27, 2020 - CPX
Capital Power Corp - Q3-2020 Earnings, Price Target Update .....
November 26, 2020 - INE
Innergex Renewable Energy Inc. Q3-2020 Earnings, Price Target Update .....
November 25, 2020 - AQN
Algonquin Power & Utilities Corp. Q3-2020 Earnings, Price Target Update .....
November 22, 2020 - TOU
Tourmaline Oil Corp. Q3-2020 Earnings, Price Target .....
November 22, 2020 - IMO
Imperial Oil Ltd, Q3-2020 Earnings, 2020 Forecast .....
November 22, 2020 - SU
Suncor Energy Inc. Q3-2020 Earnings, Price Target Update .....
Recommendation Changes
INE, IMO, CNQ, RPI.UN, EIF, 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
November 27, 2020
New! Coverage Universe - Weekly Price Change: Nov 20-27, 2020
November 25, 2020
Freehold Royalties Ltd - Subscription Receipts New Issue
November 21, 2020
Firm Capital Mortgage Investment Corp. Common Share New Issue
November 21, 2020
Premium Brands Holding Corp. Common Share New Issue
November 20, 2020
Coverage Universe - Weekly Price Change: Nov 13-20, 2020
November 13, 2020
Coverage Universe - Weekly Price Change: Nov 6-13, 2020
November 7, 2020
Coverage Universe - Weekly Price Change: Oct 30-Nov 6, 2020
October 30, 2020
Coverage Universe - Weekly Price Change: Oct 23-30, 2020