FFO as adjusted is generally calculated by the Company as NAREIT FFO
excluding certain transactional income and
expenses and non-operating impairments which management believes are not reflective of the results within the company's operating
real estate portfolio.
In addition, they used deceptively optimistic «operating earnings» or
excluding expenses pro forma earnings; using
real GAAP S&P P / E's the stocks are not that cheap.
Furthermore, most rent - or - buy calculators live on websites that make their money from
real estate agents, so they tend to conveniently
exclude homeownership's pesky ongoing
expenses like taxes, insurance, maintenance, HOA dues and PMI.
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excluded,
expense, faucets, fine print, garbage disposal, home warranty, HVAC system, icemaker, informed decision, John R. Lyons, limit, mechanical systems, National Home Service Contract Association, NHSCA, plumbing, pool pump, protect yourself, protection,
real estate broker, reputable, safety net, seller, service call, service contract, warranty cost, warranty provider, year