The information content of funds from operations (FFO) for real estate investment trusts (REITs)

Article Abstract:

Funds from operations (FFO) and net income derived from utilized computation models of generally accepted accounting principles (GAAP) can give substantial information for assessing the performance of 138 publicly traded real estate investment trusts (REITS). Using stock returns as the benchmark, REIT performance can be assessed more accurately if coupled with data gathered from GAAP net income figures. However, surveys have indicated that many REIT industry insiders believe in the superiority of the FFO over GAAP net income since it is especially useful for internal performance evaluation.

Reporting & Disclosure, Real estate investment trusts, Real Estate Invest Trusts, Standards, Economic aspects, Accounting

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Comments on 'An empirical assessment of the residual income valuation model'

Article Abstract:

The research design developed by Feltham and Ohlson provides a linear information model for assessing value-relevance of book value accounting data. The study made by Dechow, Hutton and Sloan utilized the same framework that makes use of a valuation assumption extracted from the present value of expected future dividends and the clean surplus condition. Incorporating abnormal earnings in this model may be relatively easy since such figures are highly predictable due to their delayed recognition.

Models, Capital market, Capital markets, Valuation

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Accounting standards and value relevance of financial statements: An international analysis

Article Abstract:

Research is presented describing the study of shareholder protection and the positive influence on financial statements compared with countries with weak protection.

Investor relations, International finance

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