The most pressing problem the Navy currently faces is in its operations and maintenance account, which funds pretty much everything the sea services need except for military pay and weapons purchases.

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The stock trades at 21 times its adjusted funds from operations (net plus depreciation minus maintenance-level capital outlays).

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ProLogis has bested the others in the appreciation of its properties' worth, called net asset value, and in growth of earnings, whose REIT version is known as adjusted funds from operations (AFFO): net income plus depreciation, minus one-time items and maintenance outlays (see table).

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