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  "documentTitle": "Office Properties Income Trust | Investor Conference Presentation Deck | 13 slides",
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  "authorName": "Office Properties Income Trust",
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  "presentationDate": "2021-06-01 00:00:00",
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  "notes": "This is a standard financial disclosure slide found in REIT investor presentations.",
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      "text": "We calculate funds from operations, or FFO, and Normalized FFO as shown on page 11. FFO is calculated on the basis defined by Nareit, which is net income, calculated in accordance with GAAP...",
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      "text": "The calculations of net operating income, or NOI, and Cash Basis NOI exclude certain components of net income (loss) in order to provide results that are more closely related to our property level results of operations.",
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      "text": "We calculate cash available for distribution, or CAD, as shown on page 11. We define CAD as Normalized FFO minus recurring real estate related capital expenditures and other non-cash and non-recurring items.",
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      "text": "We present certain “non-GAAP financial measures” within the meaning of applicable rules of the SEC, including NOI, Cash Basis NOI, EBITDA, EBITDAre, Adjusted EBITDAre, FFO, Normalized FFO and CAD.",
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      "text": "We calculate earnings before interest, taxes, depreciation and amortization, or EBITDA, EBITDA for real estate, or EBITDAre, and Adjusted EBITDAre as shown on page 10.",
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