Do we need to know AFFO and FFO? Is the S&P framework on here also?
you have to know AFFO and FFO for Alternatives. Fixed income S&P framework is out this year
Do you need to know how to back out the numbers for AFFO and FFO exactly?
yes well there is a LOS that stats calculate the multiples using FFO and AFFO so you would need to know how to calculate them.
I wrote a bunch of questions and one or two item sets on FFO and AFFO. I’d hate to think I did that for nought.
Wrote as in, authored questions for the exam?
Accounting net earnings + Depreciation expense + Deferred tax expenses - Gains (losses) from sales of property and debt restructuring = Funds from operations
FFO (funds from operations) -Non-cash (straight-line) rent adjustment -Recurring maintenance-type capital expenditures and leasing commissions = AFFO (adjusted funds from operations)
Do you guys agree?
Hardly.
For Schweser.
(I admire your optimism, though.)
Exactly Farah … these are testable and should be covered.