Earnings
February 25, 2021 - GEI
New! Gibson Energy Inc. 2020 Earnings, Price Target Update .....
February 24, 2021 - REI.UN
RioCan REIT - 2020 Earnings, Price Target Update .....
February 21, 2021 - IPL
Inter Pipeline Ltd - 2020 Earnings - Takeover Update .....
February 19, 2021 - AI
Atrium Mortgage Investment Corp. 2020 Earnings, Price Target Update .....
February 17, 2021 - ARX
Arc Resources Ltd(Seven Generations Energy) - Price Target Forecast .....
February 16, 2021 - FTS
Fortis Inc. 2020 Earnings, Price Target Update .....
February 14, 2021 - SRU.UN
SmartCentres REIT - 2020 Earnings, 2021 Price Target .....
February 12, 2021 - MFC
Manulife Financial Corp. 2020 Earnings, Price Target Update .....
Recommendation Changes
ARX, MFC, KEY, PEY, IMO, 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
February 26, 2021
New! Coverage Universe - Weekly Price Change: Feb 19-26, 2021
February 19, 2021
Coverage Universe - Weekly Price Change: Feb 12-19, 2021
February 12, 2021
Coverage Universe - Weekly Price Change: Feb 5-12, 2021
February 5, 2021
Coverage Universe - Weekly Price Change: Jan 29-Feb 5, 2021
January 29, 2021
Coverage Universe - Weekly Price Change: Jan 22-29, 2021
January 23, 2021
Coverage Universe - Weekly Price Change: Jan15-22, 2021
January 15, 2021
Coverage Universe - Weekly Price Change: Jan 8-15, 2021
January 9, 2021
Coverage Universe - Weekly Price Change: Jan 1-8, 2021