Core Earnings Definition Example with 5 Variations

This page contains an example definition of Core Earnings, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Core Earnings. Shall mean for the applicable performance measurement period, the net income (loss) attributable to shareholders of Class T Common Shares, Class S Common Shares, Class D Common Shares, and Class I Common Shares, computed in accordance with GAAP, including realized gains (losses) not otherwise included in GAAP net income (loss) and excluding (i) non-cash equity compensation expense, (ii) the Performance Fee, (iii) depreciation and amortization, (iv) any unrealized gains or losses or other... non-cash items that are included in net income for the applicable reporting period, regardless of whether such items are included in other comprehensive income or loss, or in net income, (v) one-time events pursuant to changes in GAAP, and (vi) certain non-cash adjustments and certain material non-cash income or expense items, in each case after discussions between the Advisor and the Independent Trustees and approved by a majority of the Independent Trustees. View More Arrow
Found in Starwood Credit Real Estate Income Trust contract

Variations

Core Earnings. Shall shall mean for the applicable performance measurement period, the net income (loss) attributable to shareholders Shareholders of Class T J-3 Common Shares, Class S Common Shares, Class D Common Shares, Shares and Class I Common Shares, computed in accordance with GAAP, including realized gains (losses) not otherwise included in GAAP net income (loss) and excluding (i) non-cash equity compensation expense, (ii) the Performance Fee, performance fee, (iii) depreciation and amortization, (iv)... any unrealized gains or losses or other non-cash items that are included in net income for the applicable reporting period, regardless of whether such items are included in other comprehensive income or loss, or in net income, (v) one-time events pursuant to changes in GAAP, and (vi) certain non-cash adjustments and certain material non-cash income or expense items, in each case after discussions between the Advisor Adviser and the Company's Independent Trustees and approved by a majority of the Company's Independent Trustees. View More Arrow
Found in FORTRESS CREDIT REALTY INCOME TRUST contract
Core Earnings. Shall shall mean for the applicable performance measurement period, the net income (loss) attributable to shareholders Shareholders of Class T J-3 Common Shares, Class S Common Shares, Class D Common Shares, Shares and Class I Common Shares, computed in accordance with GAAP, including realized gains (losses) not otherwise included in GAAP net income (loss) and excluding (i) non-cash equity compensation expense, (ii) the Performance Fee, performance fee, (iii) depreciation and amortization, (iv)... any unrealized gains or losses or other non-cash items that are included in net income for the applicable reporting period, regardless of whether such items are included in other comprehensive income or loss, or in net income, (v) one-time events pursuant to changes in GAAP, and (vi) certain non-cash adjustments and certain material non-cash income or expense items, in each case after discussions between the Advisor Adviser and the Company's Independent Trustees and approved by a majority of the Company's Independent Trustees. View More Arrow
Found in FORTRESS CREDIT REALTY INCOME TRUST contract
Core Earnings. Shall shall mean for the applicable performance measurement period, the net income (loss) attributable to shareholders holders of Class Series S Common Shares, Series T Common Shares, Class S Series D Common Shares, Series I Common Shares, Class D F-I Common Shares, Shares and Class I Non-Voting Common Shares, computed in accordance with GAAP, including realized gains (losses) not otherwise included in GAAP net income (loss) and excluding (i) non-cash equity compensation expense, (ii) the... Performance Fee, (iii) depreciation and amortization, (iv) any unrealized gains or losses or other non-cash items that are included in net income for the applicable reporting period, regardless of whether such items are included in other comprehensive income or loss, or in net income, (v) one-time events pursuant to changes in GAAP, and (vi) certain non-cash adjustments and certain material non-cash income or expense items, in each case pursuant to this clause (vi) after discussions between the Advisor Adviser and the Independent Trustees Directors and approved by a majority of the Independent Trustees. Directors. View More Arrow
Found in 2 Contracts from Goldman Sachs Real Estate Finance Trust Inc
Core Earnings. Shall shall mean for the applicable performance measurement period, the net income (loss) attributable to shareholders of Class T Common Shares, Class S Common Shares, Class D Common Shares, and Class I Common Shares, (loss), computed in accordance with GAAP, attributable to holders of classes of Common Shares to which the Performance Fee applies, including realized gains (losses) not otherwise included in GAAP net income (loss) and excluding (i) non-cash equity compensation expense, (ii) the... Performance Fee, (iii) depreciation and amortization, (iv) any unrealized gains or losses or other non-cash items that are included in net income for the applicable reporting period, regardless of whether such items are included in other comprehensive income or loss, or in net income, (v) one-time events pursuant to changes in GAAP, and (vi) certain non-cash adjustments and certain material non-cash income or expense items, in each case after discussions between the Advisor and the Independent Trustees Directors and approved by a majority of the Independent Trustees. Directors. View More Arrow
Found in Franklin BSP Real Estate Debt, Inc. contract
Core Earnings. Shall shall mean for the applicable performance measurement period, 4-Quarter Performance Measurement Period, the net income (loss) attributable to shareholders of Class T S Common Shares, Class S T Common Shares, Class D Common Shares, Class I Common Shares, Class F-S Common Shares, Class F-D Common Shares and Class I F-I Common Shares, computed in accordance with GAAP, including realized gains (losses) not otherwise included in GAAP net income (loss) and excluding (i) non-cash equity... compensation expense, (ii) the Performance Fee, (ii) depreciation, (iii) depreciation and amortization, (iv) any unrealized gains or losses or other non-cash items that are included in net income for the applicable reporting period, regardless of whether such items are included in other comprehensive income or loss, or in net income, (v) (iv) one-time events pursuant to changes in GAAP, GAAP and (vi) (v) certain non-cash adjustments and certain material non-cash income or expense items, in each case for this clause (v) after discussions between the Advisor Advisors and the Independent Trustees and approved by a majority of the Independent Trustees. View More Arrow
Found in 2 Contracts from BlackRock Monticello Debt Real Estate Investment Trust
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