Adjusted EBITDAre definition

Adjusted EBITDAre means adjusted earnings before interest, taxes, depreciation and amortization, which is a non-GAAP measure that has the meaning set forth in "Management's Discussion and Analysis of Financial Condition and Results of Operations — Non-GAAP Financial Measures;"

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Adjusted EBITDAre means EBITDAre, as defined by the National Association of Real Estate Investment Trusts, as reported in the Company’s earnings release for the respective fiscal year (or if not so reported, as adjusted as calculated by the Committee to exclude certain items in accordance with the Company’s standard practices (such as write-off of premiums, loan costs and exit fees, other income/expense, net, transaction and conversion costs, legal, advisory and settlement costs, dead deal costs, uninsured remediation costs, and non-cash items such as amortization of unfavorable contract liabilities, gain/loss on extinguishment of debt, non-cash stock/unit-based compensation, unrealized gains/losses on derivative instruments, as well as the Company’s portion of adjustments to EBITDAre of unconsolidated entities), adjusted as calculated by the Committee to eliminate the effect of asset dispositions.

Adjusted EBITDAre means NAREIT defined EBITDA adjusted for: (i) restructuring and separation transaction expenses, including but not limited to transition costs related to our Spin-Off and establishment as an independent, publicly traded company; (ii) equity-based compensation expense; (iii) discontinued operations; (iv) loss on extinguishment of debt; (v) business interruption proceeds in excess of current operating losses; (vi) severance expenses; (vii) accrued insurance expense; (viii) transaction expenses associated with the potential acquisition or disposition of real estate or businesses; and (ix) other items that we believe are not representative of our current or future operating performance. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Non-GAAP Financial Measures” for information regarding our use of Adjusted EBITDAre, which is a non-GAAP financial measure;

Examples of Adjusted EBITDAre in a sentence

• The Committee shall have the authority to make appropriate adjustments to the definitions of Total Revenue, Adjusted EBITDAre Margin, and Ending Net Debt/Gross Assets Ratio, or the calculation of any of the foregoing, to the extent that the Committee deems necessary.

• The “Performance Multiplier” shall equal the sum of (x) the Revenue Multiplier plus (y) the Adjusted EBITDAre Margin Multiplier plus (z) the Ending Net Debt/Gross Assets Ratio Multiplier, as defined in Section 2.1(b), (c), and (d) below, respectively.

• By no later than October 31 of each of 2023, 2024 and 2025, the Ryman Member shall deliver a written notice (each, an “Option Price Notice”) to the Investor Member setting forth a reasonably detailed calculation of LTM Adjusted EBITDAre for the twelve (12)-month period ending on the September 30 of that year and, based on such calculation, the Ryman Member’s calculation of the Option Price.

• The “Option Price” with respect to each Option Period shall be calculated on a per Unit basis as follows: (17 multiplied by the LTM Adjusted EBITDAre for the twelve (12)-month period ending on the September 30 prior to the Option Period), minus (net debt of the Company) to calculate equity value, then divided by the number of Outstanding Units.

• If Investor Member does not deliver, or cause to be delivered, an Option Price Dispute Notice for a given year with respect to the calculation of LTM Adjusted EBITDAre and the Option Price for such year, then such Option Price Notice for such year shall be deemed final.

• The “EBITDAre Growth Multiplier” shall equal the product of (x) one-half (1/2), multiplied by (y) the Median Annual Adjusted EBITDAre Growth Multiplier.

• The Committee shall have the authority to make appropriate adjustments to the definitions of Adjusted Revenue, Adjusted EBITDAre, and Ending Net Debt/Gross Investment Property Ratio Multiplier, or the calculation of any of the foregoing, to the extent that the Committee deems necessary.

• CorePoint management regularly uses a variety of financial measures that are not prepared in accordance with GAAP, including Hotel Adjusted EBITDAre, Adjusted EBITDAre and Unlevered Free Cash Flows for forecasting, budgeting, cash management and measuring operating performance.

• The “Adjusted EBITDAre Margin Multiplier” shall equal the product of (x) one-third (1/3), multiplied by (y) the Base Adjusted EBITDAre Margin Multiplier.

• The “Base Multiplier” shall equal the sum of (A) the Median Annual Adjusted EBITDAre Growth Multiplier plus (B) the Ending Net Debt/Gross Investment Property Ratio Multiplier, as defined in Section 2.1(b) and (c) below, respectively.

More Definitions of Adjusted EBITDAre

Adjusted EBITDAre means EBITDAre for the applicable period, as further adjusted to (i) reflect all investment and disposition activity that took place during the applicable period as if each transaction had