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The tests to distinguish finance and operating leases are essentially unchanged, though written using "principles-based terminology" consistent with IFRS: for instance, a lease is a finance lease if the lease term covers a "major part" of the asset's economic life.
It will also improve comparability between companies that lease and those that borrow to buy.” [3] Disclosures made by public companies about the impact of IFRS 16 on their financial statements are a point of focus of European financial regulatory authorities. [4]
Under previous accounting rules both in the United States and internationally , operating leases were off-balance-sheet financing. Under current accounting rules (ASC 842, IFRS 16), operating leases are on the balance sheet.
Net lease real estate investment trust (REIT) Agree Realty (NYSE: ADC) has a 4.1% dividend yield. That yield is a little higher than the 3.7% average for the REIT sector, but below the 5.6% you ...
The expression "operating lease" is somewhat confusing as it has a different meaning based on the context that is under consideration. From a product characteristic standpoint, this type of a lease, as distinguished from a finance lease, is one where the lessor takes larger residual risk, whereas finance leases have no or a very low residual value position.
Financial Instruments: Disclosures 2005 January 1, 2007: IFRS 8: Operating Segments 2006 January 1, 2009: IFRS 9: Financial Instruments: 2009 (updated 2014) January 1, 2018: IFRS 10: Consolidated Financial Statements: 2011 January 1, 2013: IFRS 11: Joint Arrangements: 2011 January 1, 2013: IFRS 12: Disclosure of Interests in Other Entities 2011 ...
That said, Realty Income is also a net lease REIT, which means that it largely owns single-tenant properties for which the tenant is responsible for paying most operating costs.
The next closest net lease peer, W.P. Carey (NYSE: WPC), has a market cap of around $12.5 billion. Roughly speaking, Realty Income is 4 times the size of its next closest competitor.