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FFO (Funds from Operations) is a key metric used to measure the financial performance of REITs (Real Estate Investment Trusts). It represents the cash Flow generated by a REIT's operational activities, excluding capital expenditures and certain non-recurring items. AFFO (Adjusted Funds from Operations) is a refined version of FFO, making further adjustments to better reflect a REIT's sustainable earnings power. Both are widely used by investors to assess the growth and performance of REITs.

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