Growthpoint’s Earnings Jump About Following Adoption of New FFO Earnings Metric
In late May, no-moat Growthpoint advised there will be a change in the method by which it calculates management adjusted profit. Accordingly, the headline earnings metric will change from a distributable income approach to a funds from operations, or FFO, approach, bringing Growthpoint’s earnings disclosure more in line with peers. However, the change has shortcomings, as FFO ignores leasing incentives and other necessary costs, and thus doesn’t give a true picture of underlying earnings. Adjust...Growthpoint Properties Australia is engaged in property investments, focusing on Australian property in the industrial, office and retail sectors. As of June 30 2016, Co.'s industrial portfolio had 38 properties with a total lettable area of 874,156 square meters and Co.'s office portfolio had 20 properties with a total lettable area of 235,389 square meters.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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