Core Funds from Operations definition

Core Funds from Operations means for a given period, Parent’s net income (or loss) determined on a consolidated basis in accordance with GAAP (unless otherwise indicated herein) for such period (after payment of any amounts by the Borrower under the 2018 Preferred Documents), excluding gains or losses from extraordinary items, impairment and other non-cash charges, acquisition fees and related expenses, plus real estate depreciation and amortization. Core Funds from Operations will be adjusted for (i) unconsolidated entities to reflect funds from operations on the same basis, (ii) the impact of straight-lining of rents, (iii) the amortization of intangibles associated with the amortization of above or below market rents, pursuant to ASC 805 (formerly FASB 141) and (iv) calculation of interest expense in accordance with FBS APB 14-1.

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Core Funds from Operations means, for any period, Guarantor’s net income (or loss) (after payment of all cash dividends payable on any preferred stock) determined on a consolidated basis for the Borrowers, Guarantor, and their Wholly-Owned Subsidiaries for such period, excluding gains or losses from extraordinary items and early extinguishment of debt, impairment and other non-cash charges, acquisition fees and related expenses, non-cash share-based compensation expenses, no-cash interest expense related to acquired Indebtedness, casualty-related charges on a net basis, non-cash fair value adjustments associated with re-measuring derivative assets and liabilities to fair value, non-cash fair value adjustments associated with re-measuring participating preferred shares derivative liability to fair value, allocation of income to participating preferred shares in connection with their redemption, plus real estate depreciation and amortization. Core Funds from Operations shall be adjusted for (i) the Borrowers’ Equity Percentage of their non-Wholly-Owned Subsidiaries and Unconsolidated Affiliates to reflect funds from operations on the same basis, (ii) the amortization of intangibles associated with the amortization of above or below market rents, pursuant to ASC 805 (formerly FASB 141) and (iii) calculation of interest expense in accordance with FBS APB 14-1. Core Funds from Operations may be adjusted on a pro forma basis to account for Real Properties acquired or sold during such period as approved by the Administrative Agent

Examples of Core Funds from Operations in a sentence

Core Funds from Operations will be adjusted for (i) unconsolidated entities to reflect funds from operations on the same basis, (ii) the impact of straight-lining of rents, and (iii) the amortization of intangibles associated with the amortization of above or below market rents, pursuant to ASC 805 (formerly FASB 141) and calculation of interest expense in accordance with FBS APB 14-1.
As of any date of calculation, for the most recently ended twelve-month period, the ratio of (i) cash dividends or distributions to common equity holders of the REIT Guarantor paid or payable during such period to (ii) Core Funds from Operations for such period.
As of any date of calculation, for the most recently ended twelve-month period, the ratio of (i) cash Distributions to common equity holders of the REIT Guarantor paid or payable during such period to (ii) Core Funds from Operations for such period; provided, solely for the purpose of clause (i) above, no buybacks, repurchases, redemptions or similar transactions with respect to the Equity Interests of any Credit Party shall be included in the amount of cash Distributions.
As of any date of calculation, for the most recently ended twelve-month period, the ratio of (i) cash dividends or Distributions (including with respect to redemptions or repurchases of Equity Interests) of the Borrower and Parent Guarantor paid or payable during such period to (ii) Core Funds from Operations for such period.
Core Funds from Operations will be adjusted for (i) Unconsolidated Affiliates to reflect funds from operations on the same basis, (ii) the impact of straight-lining of rents, and (iii) the amortization of intangibles associated with the amortization of above or below market rents, pursuant to ASC 805 (formerly FASB 141).

More Definitions of Core Funds from Operations

Core Funds from Operations means for a given period, Parent’s net income (or loss) determined on a consolidated basis in accordance with GAAP (unless otherwise indicated herein) for such period, excluding gains or losses from extraordinary items, gains or losses from extinguishment of debt or redemption of preferred equity, impairment, and other non-cash charges (such as stock compensation expense or non-cash FX income statement adjustments),, acquisition fees and related expenses, plus real estate depreciation and amortization. Core Funds from Operations will be adjusted for (i) unconsolidated entities to reflect funds from operations on the same basis, (ii) the impact of straight-lining of rents, (iii) the amortization of intangibles associated with the amortization of above or below market rents, pursuant to ASC 805 (formerly FASB 141) and calculation of interest expense in accordance with FBS APB 14-1.

Core Funds from Operations or “Core FFO” means FFO with certain adjustments which are either not likely to occur on a regular basis or are otherwise not representative of the ongoing operating performance of NHT’s portfolio. Core FFO adjusts FFO to remove items such as losses on extinguishment of debt and modification costs (includes prepayment penalties incurred and the write-off of unamortized deferred financing costs and fair market value adjustments of assumed debt related to the retirement of debt and costs incurred in connection with a debt modification that are expensed), casualty-related expenses and recoveries, the amortization of deferred financing costs incurred in the current period, and the non-controlling interests related to these items.

Core Funds from Operations means Funds From Operations, plus or minus the Core Funds From Operations Adjustments, plus any other amount management of the Company deems appropriate and reasonable.

Core Funds from Operations means for a given period, Parent’s net income (or loss) determined on a consolidated basis in accordance with GAAP (unless otherwise indicated herein) for such period, excluding gains or losses from extraordinary items, impairment and other non-cash charges, acquisition fees and related expenses, plus real estate depreciation and amortization. Core Funds from Operations will be adjusted for (i) unconsolidated entities to reflect funds from operations on the same basis, (ii) the impact of straight-lining of rents, (iii) the amortization of intangibles associated with the amortization of above or below market rents, pursuant to ASC 805 and calculation of interest expense in accordance with FBS APB 14-1.

Core Funds from Operations means, with respect to the Corporation and its Subsidiaries on a consolidated basis, for any calendar month, an amount equal to the quotient obtained by dividing (a) “Core FFO” for the most recently completed fiscal quarter calculated consistent with the same term in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 by (b) three (3).

Core Funds from Operations means for a given period, Parent’s net income (or loss) determined on a consolidated basis in accordance with GAAP (unless otherwise indicated herein) for such period, excluding gains or losses from extraordinary items, the aggregate of all cash dividends paid or payable or accretion on any preferred stock, impairment, other non-cash charges, acquisition fees and related expenses, deferred financing amortization, and unrealized foreign currency gains or losses, plus real estate depreciation and real estate in-place lease amortization. Core Funds from Operations will be adjusted for (i) unconsolidated entities to reflect funds from operations on the same basis, (ii) the impact of straight-lining of rents, (iii) the amortization of intangibles associated with the amortization of above or below market rents, pursuant to ASC 805 (formerly FASB 141) and calculation of interest expense in accordance with FBS APB 14-1.