NO.PZ202301100100000203
问题如下:
Which of the junior analyst’s three statements regarding FFO and AFFO is incorrect?
选项:
A.
Statement 4
B.
Statement 5
C.
Statement 6
解释:
C is incorrect. AFFO is superior to FFO (not the other way around) as a measure of economic income and thus economic return because it takes into account the capital expenditures necessary to maintain the economic income of a property portfolio.
A is correct because AFFO better approximates a company’s sustainable dividend-paying capacity than FFO.
B is correct because both FFO and AFFO are based on net income available to
equity and thus represent levered income.
AFFO扣掉了maintain费用,难道不是更经济吗