equity capital raise, and using proceeds to assume $250MM of acquisitions at a 7% cap rate. Our 2016 core FFO/sh estimate move to $1.01 from $1.08, NAREIT FFO moves to 54c from 63c, and FAD moves to 58c from 65c. In 2017, core FFO/sh moves to $1.35 from $1.27, NAREIT FFO moves to $1.23 from $1.19, and FAD

r expectation of a delayed exercise for a portion of the forward equity sales offering and lowering our 21116 leasing assumptions. Our 2016 Core and NAREIT FFO/sh estimates are unchanged, while FAD moves to $5.09 from $5.10. For 2017, Core and NAREIT FF0 move to $6.09 from $6.24, while FAD moves to $5.21 f

nd a modest reduction in rent commencements in 2017. Our 2016 estimates are unchanged. For 2017, our core FFO/sh estimate moves to $2.95 from $3.01, NAREIT FFO moves to $2.71 from $2.77, FAD moves to $2.90 from $2.97, and EBITDA moves to $337.7MM from $345.8MM. Please see Figure 98 for a summary of our est

recently announced debt investment to help fund the Ardent operating company merger with LHP and recent financing activity. Our 3Q16 normalized and NAREIT FFO/sh estimates are unchanged. Our 2016 norm and NAREIT FFO/sh estimates are both unchanged at $4.10 and $4.07, respectively. Our 2017 norm. FFO/sh mo

remaining non core assets • Update on Miami Design District and Miami outlook overall • 3Q company FFO guidance is $0.34.0.36 (DB at $0.36 ) and NAREIT FFO/sh guidance is $03340.35 (DB at $0.35) • GGP typically provides its preliminary company FF0 guidance for the following fiscal year in 3Q. Both DB

sing in D.C. as the election nears • We are updating our model to reflect the One Front Street acquisition and recent financing activity. Our 2016 NAREIT FFO/sh estimate moves to 87c from 86c, core FFO moves to 85c from 83c, and FAD moves to 37c from 35c. Our 2017 NAREIT and core FFO estimates move to 96c

recently announced debt investment to help fund the Ardent operating company merger with LHP and recent financing activity. Our 3Q16 normalized and NAREIT FFO/sh estimates are unchanged. Our 2016 norm and NAREIT FFO/sh estimates are both unchanged at $4.10 and $4.07, respectively. Our 2017 norm. FFO/sh mo

updated our model to reflect 3O results, updated guidance, and our revised outlook. Our 2016 core FFO/sh estimate moves to $5.72 from $5.73, while NAREIT FFO/sh moves to $5.48 from $5.53, and FAD/sh moves to $5.22 from $5.09. In 2017, our core FFO/sh and NAREIT FFO/sh estimates are unchanged at $6.09, wh

. The miss was driven by higher financing costs (-5c), taxes (-1c), and non-RE D&A (-lc), partially offset by higher NOI (+1c) and lower G&A (+1c). NAREIT FFO/sh of $1.31 was 6c lower than us as DLR reported transaction and preferred stock issuance costs that were lc higher than we had modeled. 2016 guid

equity capital raise, and using proceeds to assume $250MM of acquisitions at a 7% cap rate. Our 2016 core FFO/sh estimate move to $1.01 from $1.08, NAREIT FFO moves to 54c from 63c, and FAD moves to 58c from 65c. In 2017, core FFO/sh moves to $1.35 from $1.27, NAREIT FFO moves to $1.23 from $1.19, and FAD