Press Release: Omega Announces Fourth Quarter -4

[...]of updated information, the Company increased the net in-place lease liabilities assumed in the Aviv Merger (which required the Company to update amortization associated with the assumed Aviv in-place leases). For purposes of the Securities and Exchange Commission's Regulation G, a non-GAA...

Full description

Saved in:
Bibliographic Details
Published inDow Jones Institutional News
Format Newsletter
LanguageEnglish
Published New York Dow Jones & Company Inc 08.02.2017
Subjects
Acquisitions & mergers
Cash flow statements
GAAP
Investments
Joint ventures
Leases
Net income
Purchase accounting (Acquisitions)
REITs
Online AccessGet full text

Cover

More Information
Summary:[...]of updated information, the Company increased the net in-place lease liabilities assumed in the Aviv Merger (which required the Company to update amortization associated with the assumed Aviv in-place leases). For purposes of the Securities and Exchange Commission's Regulation G, a non-GAAP financial measure is a numerical measure of a company's historical or future financial performance, financial position or cash flows that exclude amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable financial measure calculated and presented in accordance with GAAP in the statement of operations, balance sheet or statement of cash flows (or equivalent statements) of the company, or include amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable financial measure so calculated and presented. The Company calculates and reports FFO in accordance with the definition and interpretive guidelines issued by the National Association of Real Estate Investment Trusts ("NAREIT"), and consequently, FFO is defined as net income (computed in accordance with GAAP), adjusted for the effects of asset dispositions and certain non-cash items, primarily depreciation and amortization and impairments on real estate assets, and...