We previously wrote about a very important pair of REIT metrics, funds from operations (FFO) and adjusted funds from operations (AFFO). REITs report AFFO as a measure of cash available for dividends to unitholders. The definitions of these two measures are: FFO = Net Income + Depreciation + Amortization + Gains/Losses on Property SalesAFFO = FFO  – Recurring Capital Expenditures, ... [Read More]