Na tabela, Free Cash Flow de 2018 e 2019 estão negativos. Estou estudando para entender o porquê disto.
@Huoya,
Seria devido a investimento em criação/desenvolvimento de novos campus?
Olhando este Relatório, tem um trecho que diz
"[...]
Portfolio Update
Developments
During the quarter, the company placed into service five owned development and presale development assets totaling $405.9 million. As of September 30, 2019, this year’s portfolio achieved 98.1 percent occupancy. The company also progressed with construction of its $785.8 million development pipeline with expected deliveries in 2020 through 2023. These projects are all core Class A assets and remain on track to meet their targeted stabilized development yield in the range of 6.25 – 6.8 percent.
On-Campus Development Awards
The company has been awarded or is directly negotiating three new on-campus development projects through its public-private partnership platform. Pre-development activities are underway for these projects, which include anticipated third-party development projects with Georgetown University in Washington D.C. and Texas State University in San Marcos, TX, and an anticipated second phase American Campus Equity (ACE®) development with Northeastern University in Boston. The transaction structure, scope, feasibility, fees and timing have not been finalized for the proposed projects.
[...]"
É o que estou achando, se eu li correto no inglês.
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