Jernigan Capital Inc is a real estate finance company. It offers capital to private developers, owners, and operators of self-storage facilities. The company's objective is to deliver long-term returns to shareholders by investing in newlyconstructed self-storage facilities and making loans secured by currently operating self-storage facilities. To achieve this objective company focuses on investments in development property and operating property loans. The majority of therevenue is generated from the interest income from investments made.
In REITs, as the accounting net income is distorted, it ends up being inefficient to use the Earnings per share (EPS), so the FFO is used in the formula instead of the Net Income.
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