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FFO / AFFO (REIT) Excel Template

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Funds-from-operations and adjusted FFO bridge for REIT models.

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About this FFO and AFFO schedule

An FFO and AFFO schedule adjusts net income for real estate depreciation, gains or losses, maintenance capex, straight-line rent, and other REIT-specific items. It converts accounting earnings into cash-flow-oriented metrics used by REIT investors.

Use this free Excel FFO and AFFO schedule preview to compare REIT model layouts for funds from operations, adjusted FFO, payout ratios, and per-share metrics. It is useful for real estate investment trusts, property portfolios, and public market valuation work.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Formatted to IB standards

Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.

Frequently asked

What does the FFO / AFFO (REIT) schedule do?+

An FFO and AFFO schedule adjusts net income for real estate depreciation, gains or losses, maintenance capex, straight-line rent, and other REIT-specific items. It converts accounting earnings into cash-flow-oriented metrics used by REIT investors.

When should I use a FFO / AFFO (REIT) schedule?+

Use this free Excel FFO and AFFO schedule preview to compare REIT model layouts for funds from operations, adjusted FFO, payout ratios, and per-share metrics. It is useful for real estate investment trusts, property portfolios, and public market valuation work.

What is included on this FFO / AFFO (REIT) schedule page?+

The page includes a live Excel preview, source model examples, sheet-name variants, and related schedules for the ffo / affo (reit) workflow.

Can I download the workbook behind this FFO / AFFO (REIT) example?+

Yes. Use the download button or open one of the linked source models to download the full Excel workbook that contains this schedule.

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