100% x 90

AFFO Calculator

Calculate Adjusted Funds From Operations for REIT analysis and dividend assessment

FFO Calculation Inputs

Net Income

Company's net income from income statement

Depreciation & Amortization

Total depreciation and amortization expenses

Gains from Property Sales

Profits from selling properties

Losses from Property Sales

Losses from selling properties

Interest Income

Income earned from interest

FFO (Funds From Operations)

$530,000

Total FFO

$0.53

FFO per Share

Formula: FFO = Net Income + D&A + Losses - Gains - Interest Income

Calculation: $500,000 + $150,000 + $80,000 - $125,000 - $75,000 = $530,000

AFFO Adjustment Inputs

Rent Increases

Additional rental income

Capital Expenditures

Capital improvements and upgrades

Routine Maintenance

Regular maintenance costs

AFFO (Adjusted Funds From Operations)

$485,000

Total AFFO

$0.49

AFFO per Share

Adequate

AFFO Quality

Formula: AFFO = FFO + Rent Increases - Capital Expenditures - Routine Maintenance

Calculation: $530,000 + $50,000 - $60,000 - $35,000 = $485,000

Assessment: Positive AFFO shows cash generation capability

REIT Performance Analysis

AFFO vs FFO Ratio: 91.5%

Capital Intensity: 11.3% of FFO

Maintenance Ratio: 6.6% of FFO

Growth Impact: 9.4% of FFO

Understanding AFFO vs FFO

What is FFO?

Funds From Operations (FFO) is a cash flow metric used to evaluate REITs. It adjusts net income by adding back depreciation and amortization, and removing gains/losses from property sales.

Why Use FFO?

•Provides better cash flow picture than net income
•Removes non-cash depreciation charges
•Standard metric for REIT comparison

What is AFFO?

Adjusted Funds From Operations (AFFO) refines FFO by accounting for recurring capital expenditures and maintenance costs needed to sustain the REIT's properties and cash flows.