Nareit Funds From Operations White Paper — 2018 Restatement
by Nareit · Nareit (National Association of Real Estate Investment Trusts)
The REIT trade body's authoritative restatement of Funds From Operations, the industry's standard non-GAAP earnings measure. Specifies which gains, losses, impairments, and depreciation adjustments enter the calculation, with worked examples and the reasoning behind each treatment. Every blog post, calculator, and course that explains FFO is downstream of this one document.
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