Funds From Operations Per Share - FFOPS

A metric for the performance of a real estate investment trust (REIT). REITs are shares offered to the public by a real estate company or trust that holds a portfolio of income-producing properties and/or mortgages. Most of its profits must be distributed as dividends. The funds from operations is calculated by adding net income, depreciation and amortization, and subtracting gains on sales of property. The funds from operations per share is calculated by dividing funds from operations by the total number of outstanding shares.

The funds from operations per share is similar to the earnings per share that is seen with other securities. It represents the value of the REIT per share. Funds from operations and funds from operations per share are both metrics used in evaluating the profitability of a REIT.