What is AFFO?
Adjusted Funds From Operations: FFO adjusted toward recurring cash flow available for dividends by subtracting recurring capital expenditures, tenant improvements, leasing commissions, and straight-line rent. Less standardized than FFO.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.