Financial Definitions 19 NOI from Continuing Operations – expenses, merger costs, real estate acquisition costs, interest expense, depreciation and amortization, impairments, Cole II portfolio gains on sale of real estate assets and property condemnations, and income tax expense (benefit). EBITDA from Continuing Operations, as Adjusted – discontinued operations, interest expense, depreciation and amortization, and income tax expense (benefit); as further adjusted to eliminate the impact of merger costs, impairments, and Cole II portfolio gains on sale of real estate assets and property condemnations. EBITDAR – depreciation and amortization, income tax expense (benefit), and rent. FFO from Continuing Operations, as Adjusted – real estate related depreciation and amortization, impairment charges, merger costs, and Cole II portfolio gains on sale of real estate assets and property condemnations. Enterprise Value – Adjusted Funds from Operations (AFFO) – REIT industry. It adjusts FFO (defined below) to eliminate the impact of non-recurring items that are not reflective of ongoing operations and certain non-cash items that reduce or increase net income in accordance with GAAP. Our computation of AFFO may differ from the methodology for calculating AFFO used by other equity REITs, and, therefore, many not be comparable to such other REITs. AFFO should not be considered as a substitute for net income determined in accordance with U.S. GAAP as measures of financial performance. Reconciliations from U.S. GAAP net income available to common stockholders to AFFO are included in financial statements filed by the Company with the Securities and Exchange Commission. Funds from Operations – estate-related depreciation and amortization, impairment charges and net losses (gains) on the disposition of real estate assets. Its calculation conforms to the standards established by the National Association of Real Estate Investment Trusts, or NAREIT. Market Capitalization – as of the date indicated. Represents net income (loss) (computed in accordance with GAAP), excluding general and administrative Represents net income (loss) before the cumulative effect of income (loss) from Represents net income (loss) before the cumulative effect of income (loss) from discontinued operations, interest expense, Represents net income (loss) from continuing operations, adjusted to eliminate the impact of Represents market capitalization plus the sum of long-term and short-term debt on the company's balance sheet less cash. AFFO is a non-GAAP financial measure of operating performance used by many companies in the Funds from Operations ("FFO") represents net income (loss) computed in accordance with GAAP, excluding real Calculated by multiplying the number of shares outstanding by the closing share price of the company's common stock | 
