affo

affo — 縮寫

1. a measure used for property companies, especially REITs, that adjusts the usual

1.縮寫C2
釋義

調整營運資金

REIT衡量可分配現金的調整指標

a measure used for property companies, especially REITs, that adjusts the usual funds-from-operations figure to show money left after regular costs

例句

Haruto compared the REIT's AFFO with last year's figure before buying shares.

Haruto 在買進股票前，把這家 REIT 的 AFFO 跟去年的數字做了比較。

compare AFFO across years before investing

At Tuesday's meeting, the board said higher repair costs would lower AFFO next quarter.

在週二的會議上，董事會表示較高的維修成本會拉低下季的調整營運資金（AFFO）。

AFFO falls when recurring repair costs rise

同義詞
  • FFO

    the broader REIT measure that comes before AFFO-style recurring-cost adjustments

  • cash available for distribution

    a similar payout-focused idea, though companies may define it differently

文法句型

AFFO per share

report/calculate AFFO

AFFO rose/fell

用法筆記

Used mainly in REIT reports, investor presentations, and earnings calls, often in the pattern 'AFFO per share'. Distinguish from FFO: AFFO adds extra adjustments for recurring costs, so speakers often use it when discussing dividend coverage or steady cash payouts.

常見錯誤

❌The REIT's AFFO rose after it sold one office tower.
✅The REIT's profit rose after it sold one office tower, but its AFFO did not.
💡a one-time property sale can lift profit without changing this recurring operating measure.
❌Our software company reports AFFO every quarter.
✅Our REIT reports AFFO every quarter.
💡this measure is mainly used for property companies, especially REITs, not for most ordinary businesses.