Funds Available for Distribution means funds from operations (net income, computed in accordance with generally accepted accounting principles, excluding gains or losses from debt restructuring and sales of property, plus depreciation and amortization) minus non-revenue generated capital expenditures and debt principal amortization, as determined by the Board of Directors on a basis consistent with the policies and practices adopted by the Corporation for reporting publicly its results of operations and financial condition.
Funds Available for Distribution means, on a cash basis, FFO plus amortization and minus the aggregate amount of capital expenditures and principal payments on Indebtedness.
Funds Available for Distribution as applied to any Person (and without duplication) means (i) Net Income, MINUS (ii) Capital Expenditures, PLUS (iii) depreciation and amortization, but only to the extent deducted in the calculation of Net Income.
Examples of Funds Available for Distribution in a sentence
Comparison of our presentation of FFO to similarly titled measures for other REITs may not necessarily be meaningful due to possible differences in the application of the NAREIT definition used by such REITs. Funds Available for Distribution (FAD): FAD is a supplemental measure of our liquidity.
Other Adjustments include the categories of adjustments presented in our “Non-GAAP Financial Measures Reconciliation – Funds From Operations Attributable to Common Stockholders (FFO) and Funds Available for Distribution Attributable to Common Stockholders (FAD)” above.
Adjusted Funds Available for Distribution (Adjusted FAD) is a non-GAAP measure that management uses to evaluate the company’s liquidity.
Nareit Funds From Operations (“Nareit FFO”), Adjusted FFO and Funds Available for Distribution (“FAD”) are non-GAAP financial measures.
See table titled “Funds From Operations (FFO) and Funds Available for Distribution (FAD)” for detailed breakout of adjustments for each respective category.
More Definitions of Funds Available for Distribution
Funds Available for Distribution. With respect to any Person for any fiscal period, an amount equal to Funds from Operations plus non-real estate depreciation and the amortization of deferred financing costs plus/minus Rent Adjustments minus Non-Incremental Revenue Generating Capital Expenditures (excluding any extraordinary or nonrecurring non-tenant related capital expenditures).
Funds Available for Distribution. With respect to any Person for any fiscal period, an amount equal to Funds from Operations minus the Actual Scheduled Principal Payments for such period minus the Capital Improvement Reserve.
Funds Available for Distribution or "FAD" means, with respect to the Borrower, the Guarantor and their respective Subsidiaries for any fiscal period, an amount equal to Funds From Operations plus non-real estate depreciation and the amortization of deferred financing costs for such period less (a) the Capital Expenditure Reserve Amount for such Person for such period, and (b) the aggregate amount of scheduled principal payments on the Consolidated Total Indebtedness of such Person (excluding optional prepayments and scheduled principal payments in respect of any such Indebtedness which is payable in a single installment at final maturity) required to be made during such period.
Funds Available for Distribution means, for any period, the Funds From Operations of the Parent and its Subsidiaries determined on a consolidated basis for such period, less the sum of the following items for such period (to the extent not already deducted in calculating Funds From Operations): (i) FF&E Reserves, (ii) all regularly scheduled principal payments made to third parties with respect to Indebtedness of the Parent and its Subsidiaries (including such payments in respect of any Indebtedness of Unconsolidated Affiliates), other than any balloon, bullet or similar principal payment which repays such Indebtedness in full and (iii) income taxes, if any, to the extent not already deducted in the determination of net income, in each case determined on a consolidated basis for the Borrower and its Subsidiaries in accordance with GAAP. Funds Available For Distribution shall be adjusted to remove any impact from (a) non-cash amortization of stock grants to members of the Parent’s management, (b) straight line rent leveling adjustments required under GAAP, (c) amortization of intangibles pursuant to Statement of Financial Accounting Standards number 141 and (d) other non-cash charges (other than non-cash charges that constitute an accrual of a reserve for future cash payments).
Funds Available for Distribution means, for any accounting period, (a) Funds From Operations for such period minus (b) the aggregate amount of Capital Expenditures actually incurred by the Borrower and its Subsidiaries during such period, excluding (i) Capital Expenditures which directly result in an aggregate increase in the square footage of real property assets owned by the Borrower or any Subsidiary which are available for lease, (ii) Capital Expenditures resulting from tenant improvement and leasing commissions incurred for new tenants and (iii) Capital Expenditures made in connection with the acquisition of real property assets, provided that such Capital Expenditures are fully reflected in the budget relating to such acquisition, and provided further that such capital expenditures are made within twelve months following consummation of such acquisition of real property assets.
Funds Available for Distribution means, for any period, Funds From Operations, less Capital Expenditures.
Funds Available for Distribution means FFO, plus amortization of deferred financing costs, plus amortization of non-real estate assets, less capital expenditures for the preceding four Fiscal Quarters.