How to Use AFFO Calculator
The AFFO Calculator delivers fast, transparent calculations with a clear step-by-step output.
- Enter Funds From Operations (FFO) for the period.
- Add rent straight-line adjustments, capex, maintenance, SLR, and other non-cash items.
- Optionally provide shares outstanding and market price to derive per-share metrics.
- Read AFFO, AFFO per share, and the P/AFFO multiple instantly.
Formula & Theory — AFFO Calculator
AFFO refines FFO by subtracting recurring capital expenditures and other items needed to maintain the property portfolio, giving a cleaner view of the cash a REIT can sustainably distribute.
AFFO = FFO + Straight-line rent − CapEx − Maintenance − SLR − Other non-cash
AFFO / share = AFFO / Shares outstanding
P/AFFO = Price / (AFFO per share)| Symbol | Meaning |
|---|---|
| FFO | Funds From Operations |
| CapEx | Capital expenditures |
| SLR | Straight-line rent adjustment |
| P/AFFO | Valuation multiple |
Use Cases for AFFO Calculator
- REIT investors comparing dividend coverage across companies.
- Sell-side analysts valuing property portfolios.
- Asset managers building DCF models with sustainable cash flow.
- Corporate finance teams reporting non-GAAP supplementals.
- Real-estate students learning REIT-specific metrics.
- Personal investors performing due-diligence on REIT ETFs.
Whether you are a homeowner, investor, or analyst, the AFFO Calculator produces instant results with formulas and explanations you can rely on.