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Search Results for:

Potential Gross Income (PGI)

Definitions

The sum of potential gross rent and miscellaneous income; the income from rent and other sources that a property could generate with normal management, before allowing for vacancie ...

Potential Gross Rent

Definitions

The total rent a property would produce if 100 percent occupied at market rent.

Preferred Debt/Loan/Mortgage

Definitions

A financial obligation that has priority over other types of debt.

Preferred Return

Definitions

A profit distribution preference whereby profits, either from operations, sale, or refinance, are distributed to one class of equity before another until a certain rate of ret ...

Price Interest Point (PIP)

Definitions

A unit of change in an exchange rate of a currency pair; also known as “percentage in point”.  

Pricing Risk

Definitions

The risk of a decline in the value of a security or an investment portfolio excluding a downturn in the market.

Primary Trade Area

Definitions

A geographic area containing the customers of a particular firm or group of firms for specific goods or services; encompasses 50 to 80 percent of a store's customers; the area ...

Prime Space

Definitions

Typically refers to first-generation space that is available for lease.

Prime Tenant

Definitions

The major tenant in a building, or the major or anchor tenant in a shopping center.

Principal Market

Definitions

The market in which the reporting entity normally would enter into a transaction to sell the asset or to transfer the liability; the market in which the reporting entity normally e ...

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