External / Internally  asset valuation. Refer to PV17

Market approach / income approach (income capitalisation, DCF, earnings multiple) / cost approach (replacement costs less depreciation)

Encumbered / Not encumbered

The estimated rental value as a percentage of gross property value.

Gross passing rent as quoted on tenancy schedule. Passing rent is the rent chargeable to the tenant as per tenancy schedule and is inclusive or rent incentives (eg rent frees and r ...

Total rental income for the period estimated to be achievable if an asset is newly leased, assuming a normal market lease contract

Income generated by the operation of the asset, independent of external factors such as financing and income taxes. It is calculated as quarterly gross income less operating expens ...

Time-weighted net and unlevered return. See Performance Measurement Module of the INREV Guidelines PM19. Asset level total return reflect the Asset level total returns on a time-we ...

Asset income returns on a time-weighted basis reflect the performance of the respective operating asset. Net investment income of the asset divided by NAV of the asset plus the tim ...

Asset capital returns on a time-weighted basis reflect the performance of the respective operating asset. See Performance Measurement Module of the INREV Guidelines for detailed ca ...