The Financial Performance And Condition Of The - amazonia.fiocruz.br

The Financial Performance And Condition Of The Video

Apologise: The Financial Performance And Condition Of The

Urbanfund continues to build alliances with its strategic partners, highlights of which are set forth below:. This portfolio features three rental apartment buildings containing suites. The purpose of the joint venture is to develop and sell industrial condominium units upon its completion. In turn, Bellbrook Residential Inc.

Unless otherwise specified, amounts are in Canadian dollars and percentage changes are calculated using whole numbers. In addition to reported IFRS measures, industry practice is to evaluate real estate entities giving consideration to certain non-IFRS performance measures such as funds from operations, adjusted cash flows from operations and net operating income, as reported below. Also includes income taxes not relating to operating activities, tenant deposits, and deferred financing charges. Urbanfund expects to meet all of its obligations, including dividends to shareholders, property maintenance, capital expenditures and other commitments as they become due.

The Company has various financing sources to fund future acquisitions and continues to fund working capital needs from cash flows generated from operating activities. Cash flows from operating activities are dependent on the occupancy levels of our income properties.

The DRIP is a voluntary program permitting holders of our common and preferred shares to automatically, and without charge, reinvest quarterly dividends to acquire additional common shares at a discount to the volume-weighted average market price as of the date of payment. The record date for dividends is typically the last business day of each quarter and payment is approximately two weeks from the record date. The Condtion table summarizes our quarterly distributions as at September 30, In addition to reported IFRS measures, industry practice is to evaluate real estate entities giving consideration to certain non-IFRS performance measures such as funds from operations, adjusted cash flows from operations and net operating income.

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In addition to IFRS results, these measures are also used internally to measure the operating performance of our property portfolio. These measures are not in accordance with IFRS and have no standardized definitions, as such, our computations of these non-IFRS measures may not be comparable to measures by other reporting issuers.

Urbanfund has reviewed these guidelines and adopted certain measures, where appropriate, commencing with our fourth quarter reporting. In the view of management, FFO better presents operating performance over IFRS net income and comprehensive income, which does not necessarily provide a complete view on performance. FFO should not be construed as an alternative to net income or cash flows provided by or used in operating activities as determined in accordance with IFRS. ACFO is computed as cash provided by or used in operating activities per IFRS plus, but not limited to, adjustments for working capital items not considered to be The Financial Performance And Condition Of The of sustainable economic cash flows for distributions, such as changes to other assets, indirect taxes payable and income taxes payable, cash distributions from investments, realized gains or losses from available-for-sale marketable securities and deducts capital expenditures.

ACFO should not be construed as an alternative to cash flows provided by or used in operating activities as determined in accordance with IFRS. Normalized capital expenditures are an estimate made by management of the amount of ongoing capital investment required to maintain the condition of the physical property and the current rental revenues.

Management will consider a number of items in estimating normalized capital expenditures given the age and size of the property portfolio, such as a review of historical capital expenditures and a comparison of budgeted to actual expenditures on a quarterly basis. OCndition the Chief Financial Officer and the Chief Executive Officer of the Company have extensive experience in residential and commercial real estate and in-depth knowledge of the Conditioh portfolio. A number of factors affect variations in capital expenditures, including, lease expiries, tenant vacancies, age and location of the properties, and market conditions.

NOI is a non-IFRS measure and is defined by Urbanfund as rental revenue from income properties less direct property costs such as utilities, property taxes adjusted to normalize the impact of the application requirements of IFRIC 21, Leviesrepairs and maintenance, salaries, insurance, bad debt expenses, property management fees and other property specific costs. Adjusted EBITDA is used as an alternative to net income because it excludes major non-cash items such as fair value adjustments to investment properties and unrealized gains or losses on available-for-sale marketable securities, interest costs, current and deferred income tax expenses The Financial Performance And Condition Of The recoveries, equity accounted investments and other items that management considers to be non-operating in nature.

Debt service ratio is a non-IFRS measure calculated on a trailing month basis and is defined as Adjusted EBITDA divided by the sum of total interest costs including interest costs capitalized and scheduled mortgage principal repayments.

Certain information included in this press release contains forward-looking information with the Condiition of applicable Canadian securities laws. All forward-looking information in this press release is qualified by the following cautionary statements. Forward-looking information necessarily involves known and unknown risks and uncertainties, which may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, assumptions may not be correct and objectives, strategic goals and priorities may not be achieved. Management undertakes no obligation, except as required by applicable law, to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.]