average contractual rent over the lease term - cash rent paid during the period.
This isn’t making sense to me. Is this in there to nullify effects of fluctuating rental rates?
Thanks.
Treat FFO as CFO without working capital (as adjustments in this reconcile cash and non cash expectations)
the Adjusted FFO accounts for noncash payments that are accounted for over a term. so for example if a renter was supposed to pay a 1000, but for some weird ass reason paid 900 plus a favor. Management only recieved 900 in cash. under FFO it is still assumed as payments, AFFO takes that out. Dont worry though that amount should be given.