This page provides definitions of line items and ratios specific to the Property model. See the Industrial Model for line items common to all models.
Income Statement Items
Net Rent/Inv Inc: Net Rental / Investment Income
For property companies, this represents rentals received net of admin and collection fees. For investment companies, this is the income received from the primary investments.
Debenture Int: Debenture interest
Interest payable on debentures – above the tax line. Separate from interest payable on bank borrowings and other loans.
Balance Sheet Items
Preference SH Int: Preference shareholders’ interest
One of the typical primary funding sources of this sort of company.
Debentures: Another of the typical primary funding sources of this sort of company.
Bonds: A third type of typical primary funding sources of this sort of company.
Fixed assets: This includes buildings for property companies.
Investments: This reflects the investment in property owning companies.
Property and Investment Model Ratios
Ret on Tot Ass: Return on Total Assets. This gives an indication of the sustainable return on the revenue generating assets of the company.
[(TOTAL INCOME + INCOME FROM ASSOCIATES) / TOTAL TANGIBLE ASSETS)] * 100 * (12/NUMBER OF MONTHS)
OpRetOnInv: Operating return on investment
(NET RENTAL INCOME + DIVIDEND INCOME) /(FIXED ASSETS + INVESTMENTS) * 100 *(12/NUMBER OF MONTHS)
OpInc:Turnover: Operating Income: Turnover
NET RENTAL INCOME / TURNOVER * 100
AdminFee:T/Ovr: Admin & Collection Fees: Turnover
ADMIN & COLLECTION FEES / TURNOVER * 100
SHRet on Inv: Shareholder’s Return on Investment. This gives an indication of the percentage of shareholders’ investment distributed to shareholders.
((NUMBER OF UNITS IN ISSUE * DISTRIBUTIONS PER SHARE) / TOTAL SHAREHOLDERS’ INTEREST) / 1000 * (12/NUMBER OF MONTHS)