However, in this MD&A, the following non-IFRS measures are used by the Corporation: net revenues; EBITDA; adjusted EBITDA; adjusted EBITDA margin; adjusted EBITDA before Global Corporate costs; adjusted EBITDA margin before Global Corporate costs; adjusted net earnings; adjusted net earnings per share; adjusted net earnings excluding amortization of intangible assets related to acquisitions; adjusted net earnings excluding amortization of intangible assets related to acquisitions per share; acquisition, integration and restructuring costs; backlog; adjusted funds from operations
; adjusted funds from operations
per share; free cash flow; free cash flow per share; days sales outstanding ('DSO') and net debt to adjusted EBITDA.
While the transaction is expected to be neutral to Adjusted Funds From Operations
over the medium term, the Company expects to record a net pre-tax loss in the range of $200M to $250M.
The purchase is expected to be immediately accretive to the REIT's adjusted funds from operations
on a per unit basis.
Higher Leverage: Techem's forecast leverage, pro forma for the acquisition, is 8.6x on a gross adjusted funds from operations
(FFO) basis for 2019 and at 8.4x on a net adjusted FFO basis.
Adjusted funds from operations
(AFFO) growth can well accelerate to 8 per cent.
Adjusted Funds from Operations
("AFFO") improved 20% to $35.2 million versus $29.3 million in fourth quarter 2016
Meanwhile, the Group's debt-protection metrics were adequate, with adjusted funds from operations
(FFO) debt coverage increasing to 0.24 times from 0.19 times.
For the second quarter of 2015, Normalized Funds from Operations (FFO) per diluted share was $0.53, Adjusted Funds from Operations
(AFFO) per diluted share was $0.37, and Net Income Attributable to Common Stockholders per diluted share was $0.07
The terms 'Adjusted Net Earnings', 'Adjusted EBITDA', and 'Adjusted Funds from Operations
' are used in this press release.
EDMONTON: Capital Power Corporation announced the acquisition of Arlington Valley, a 580 megawatt contracted natural gas facility in Arizona; achieved excellent operating performance with 98% facility availability and generated net cash flows from operating activities of $65 million and adjusted funds from operations
of $156 million.
The addition of Towne Park is expected to be accretive to the REIT's adjusted funds from operations
on a per unit basis.
Crown Castle expects the Transaction to be immediately accretive to its Adjusted Funds from Operations
(AFFO) per share and increase its previous 6% to 7% long-term annual dividend growth target to 7% to 8%.