Files & Resources: breakingintowallstreet.com/kb/reit-modeling/funds-from-operations-ffo/ In this tutorial, you'll learn all about "Funds from Operations" (FFO) for real estate investment trusts (REITs), a key metric used for financial statement analysis and valuation. Table of Contents: 0:00 Introduction 4:20 Part 1: Why We Use FFO for REITs 6:42 Part 2: Using FFO to Value REITs in Real Life 8:19 Part 3: IFRS vs. U.S. GAAP Differences 9:52 Part 4: FFO vs. FCF vs. NOI 11:48 Part 5: AFFO and Other Variations of FFO 13:20 Recap and Summary