MFFO

AcronymDefinition
MFFOMothers Fighting For Others
MFFOMixed Fighter Force Operations
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Many of the adjustments in arriving at MFFO are not applicable to the Company.
The Company considers FFO and MFFO in evaluating operating performance and believes FFO and MFFO should be considered along with, but not as an alternative to, net income and cash flows as a measure of the Company's activities in accordance with GAAP.
Below is a reconciliation of FFO and MFFO to net income as reported in the Company's second quarter 2012 10-Q:
To view complete details of the Company's performance for the quarter ended June 30, 2012, and to find more information about the Company's MFFO, please refer to the Company's Quarterly Report on Form 10-Q.
MFFO is not equivalent to our net income or loss as determined under GAAP, and MFFO may not be a useful measure of the impact of long-term operating performance on value if we do not continue to operate with a limited life and targeted exit strategy, as currently intended.
To view complete details of the Company's performance for the quarter ended March 31, 2012, and to find more information about the Company's MFFO, please refer to the Company's Quarterly Report on Form 10-Q.
However, because real estate values and market lease rates historically rise or fall with market conditions, management believes that by excluding charges relating to amortization of these intangibles, MFFO provides useful supplemental information on the performance of the real estate.
The Practice Guideline defines MFFO as FFO further adjusted for the following items, as applicable, included in the determination of GAAP net income: acquisition fees and expenses; amounts relating to deferred rent receivables and amortization of above and below market leases and liabilities (which are adjusted in order to reflect such payments from a GAAP accrual basis to a cash basis of disclosing the rent and lease payments); accretion of discounts and amortization of premiums on debt investments; nonrecurring impairments of real estate-related investments (i.
The company considers FFO and MFFO in evaluating property acquisitions and its operating performance and believes that FFO and MFFO should be considered along with, but not as an alternative to, net income and cash flows as a measure of the company's activities in accordance with GAAP.
The use of MFFO is recommended by the IPA as a supplemental performance measure for publicly registered, non-listed REITs.
For the six-month period ending June 30, 2011, MFFO totaled $61.
The Company generated $190,000 and $334,000 of MFFO during the three and six months ended June, 30, 2011, respectively.