The standard REIT earnings measure (NAREIT): net income plus real-estate depreciation & amortization, minus gains on property sales, plus real-estate impairments. Adds back the large non-cash D&A that GAAP net income understates for REITs.
Formula
net_income + real_estate_da − gain_on_property_sale + impairment_real_estate
Related terms
Metrics on this page are computed by Moatkeep from reported filings and market data and are estimates: they depend on modelling choices (e.g. period alignment, share counts, currency) and on the underlying data being correct. Definitions are in the glossary. Figures are not investment advice — see the full disclaimer.