FFO means “funds from operations,” defined to mean net income (or loss) (computed in accordance with GAAP), excluding gains (or losses) from debt restructurings and sales of properties, plus depreciation and amortization, after adjustments for Minority Holdings. Adjustments for Minority Holdings will be calculated to reflect FFO on the same basis as above.
FFO means net income (loss) (computed in accordance with GAAP) excluding gains (or losses) from debt restructurings and sales of property, plus real estate related depreciation and amortization and after adjustments for unconsolidated partnerships and joint ventures, as set forth in more detail under the definitions and interpretations thereof promulgated by the National Association of Real Estate Investment Trusts or its successor as of the Closing Date, but in any case excluding any write down due to impairment of assets.
FFO shall have the same meaning ascribed to that term in IRC’s annual report on Form 10-K as filed with the SEC for the year in which the bonus is to be calculated. “Total Shareholder Return” shall mean the sum of : 1) the change in the IRC stock price from January 1, 2010 to December 31, 2010 (as expressed as a percentage), plus 2) the dividend yield paid during 2010 (as expressed as a percentage by dividing dividends paid in 2010 divided by the IRC stock price as of January 1, 2010). Subject to Section II. below, if IRC achieves a Target level of performance in each of the two named criteria, the Executive’s Company performance related ACIB will equal a total of 10% of Executive’s Base Salary for the applicable year (or 5% for each of the criteria achieved).. If IRC achieves a High level of performance in each of the two named criteria, the Executive’s company performance related ACIB will equal a total of 20% of Executive’s Base Salary for the applicable year (or 10% for each of the criteria achieved). It is recognized that of the two criteria, both may not fall into the same level of performance, but rather one may be at a Target level and the other at a High level (or not achieve either level). Executive is entitled to an award for each of the three (3) performance level metric that may be achieved.
Examples of FFO in a sentence
Based on prevailing internal management KPI, which was FFO1 from 2013-2018 and Group FFO in 2019.
Accordingly, to recognise the value associated with GDF’s capitalised expenditure, the capitalised expenditure has been added back to FFO to arrive at ‘Value’.
NFFO is calculated by excluding from FFO the effects of certain non-recurring items, including amortization of losses on certain hedging instruments, mortgage prepayment penalties, offset by write-off of fair value adjustment on assumed mortgages that were refinanced early, and severance and other employee costs.
A reconciliation of FFO to NFFO is as follows: ($ Thousands, except per Unit amounts)2015Three Months Ended Nine Months Ended September 30 September 30 (1) Net mortgage prepayment cost relates to early refinancing fees net of fully amortized fair value adjustment on assumed mortgages.(2) Included in Other Income under the Net Income and Other Comprehensive Income section.
FFO as presented is in accordance with the recommendations of the Real Property Association of Canada, with the exception of the adjustment for amortization of certain other assets.
More Definitions of FFO
FFO means, as of any date of determination, Net Income plus depreciation and amortization of real and personal property assets to the extent deducted in the determination of Net Income, less any amount added pursuant to clause (b) of the definition of Net Income except to the extent such amount relates to operating partnership units and is attributable to Highwoods Realty by virtue of the line item “non-controlling interests,” as shown on the consolidated income statements of the Consolidated Parties.
FFO means funds from operations.
FFO funds from operations, as calculated based upon the NAREIT definition in effect on the date of said calculation or in a manner consistent with Kimco’s prior reporting (with any variation from the NAREIT definition being specified in Schedule 1.1B).
FFO means funds from operations as such term is from time to time defined by the National Association of Real Estate Investment Trusts, as net income, computed in accordance with GAAP, excluding gains (or losses) from sales of property, plus depreciation and amortization of real estate assets, and after adjustments for unconsolidated partnerships and joint ventures. Adjustments for unconsolidated partnerships and joint ventures will be calculated to reflect FFO on the same basis.
FFO means “funds from operations,” defined to mean, without duplication for any period, Income from Operations, plus (i) Borrower’s Share of Income from Operations of any Investment Affiliate (plus Borrower’s Share of real estate depreciation and amortization expenses of Investment Affiliates), plus (ii) real estate depreciation and amortization expense for such period.
FFO means net income (loss) calculated in accordance with IFRS, excluding: (i) depreciation of depreciable real estate assets and amortization of customer relationships and intangible assets arising from a business combination; (ii) gains (or losses) from sales of hotel properties and equipment; (iii) deferred income tax expense (recovery); (iv) impairment losses or reversals recognized on land and depreciable real estate properties; (v) transaction costs expensed as a result of the purchase of a hotel property being accounted for as a business combination; and (vi) adjustments to certain financial instruments. FFO has been prepared consistently with the definition presented in the White Paper on funds from operations prepared by the Real Property Association of Canada for all periods presented.
FFO means funds from operations, as defined by the National Association of Real Estate Investment Trusts.