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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: David Culver who wrote (789)	3/19/2001 8:32:17 AM
From: Lorne Larson	Read Replies (1) of 11633

You've got to be careful with the terminology when it comes to APF. "Cash flow from operations", in the case of APF's financials, refers strictly to "operating" cash flow - it does not deduct interest expenses, administrative costs, etc. What you have to try and find is "funds from operations" which is what most people think of when they think of "cash flow". Check APF's last quarterly statement and you'll see that these are different things. I'm not saying that APF is not a good trust. In fact I own it and regard it as one of the top 3 oil and gas trusts. Regards

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