The passing rent or net operating income divided by the gross property value including notional acquisition costs.
Global Definitions Database
Net Initial Yield (NIY)
Source: INREV | Date: 23 March 2020 | ID: D0176 | Version: 6
Related
Reversionary yield
The estimated rental value as a percentage of gross property value.
Gross initial yield
The passing rent divided by the property value.
Distribution-dividend yield
The amount of income (or shareholder loan interest payments) the vehicle distributes to investors on a rolling 12 months basis as a percentage of t...
Net equivalent yield
A time-weighted average of the net initial yield and reversionary yield, representing the return a property will produce based upon the timing of t...