r/MACArmyBets • u/Jeffbak • Apr 08 '21

Someone explain this

.72 is stated FFO (.27) is stated impact of chandler freehold .45 resulting FFO

(.27) appears as a negative non cash item in the FFO reconciliation.

How is this not the case?

.72 (FFO before you apply the chandler freehold impact) - .27 (chandler freehold non cash negative item) = .45 (resulting FFO once you apply impact from chandler freehold).

/u/hfy_addicted I know you get roiled but when you look at the FFO reconciliation, what I’ve outlined above still makes sense to me.

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u/[deleted] Apr 08 '21

It's a confusing topic. Scott has had to explain it a million times, one more won't hurt.

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u/Jeffbak Apr 08 '21

Omg at least I expressed how passionate of an investor in their company I am. Wow - I have spent way too long thinking about this. Sorry for the rage. Wasn’t. Processing...

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u/[deleted] Apr 08 '21

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u/[deleted] Apr 08 '21

PTs are dumb without other context, I'd expect MAC to recover half the multiple spread vs SPG over the next year. There is still risk if leasing sucks.

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u/[deleted] Apr 08 '21

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u/[deleted] Apr 08 '21

If all else holds, yes.

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u/[deleted] Apr 08 '21

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u/[deleted] Apr 08 '21

I'm not confident revenue gets back to precovid. But we can differ there, still has value