Real Estate Projections is a category that has
specialised projections functions for the analysis of
commercial property. Although the functions contained are
often very like functions in other categories,
particularly like the Stepped Rate Projections functions
such as TStep and TStepGrowMkt, the Real Estate
functions are particularly designed for situations that
that feature a review to market. Some features, like the
Net Effective Rate Discount mechanism, these are
unavailable in the generic Stepped Rate functions.
There are 6 families in this category:
- The Rent
family has the basic rent functions that don"t
have any need for a stepped rent profile (eg RentGrow) as well as the
functions for determining the NextReview and LastReview.
- The Rent From family has functions
for calculating stepped rents, either without any
market review (eg FStepRent) or the more usual
case where market reviews start at the end of the
stepped rent period (eg FStepRentGrow). Each
stepped rent runs from the corresponding
from date.
- The Rent To family is just like the
Rent From family, but where the dates governing the
steps are "To" dates, ie the corresponding rent runs
until the to Date.
- The Rent Reletting family has
version of the Rent From and Rent To family that
relet, with void periods, rent-free etc.
- The Index Rent deals with rents that
primarily grow in line with indexation, but these
functions also deal with open market reviews.
- The NPV Rent Projections family
calculates net present values of certain rent functions
(eg PVTStepRentFcst
calculates the NPV of PVTStepRent).
- The Raluationfamily which has
functions for calculating property yields and
valuations using the conventional form of property math
used in the UK.
- The Raluation DCFfamily which
has functions for calculating property yields and
valuations using our own DCF-derived math, guaranteed
to be consistent with conventional financial annuity
mathematics.
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