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Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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 the income received.

Source: INREV | Date: 23 March 2020 | ID: D0174 | Version: 4

Related definitions

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 the average NAV over the same period.

Gross initial yield

The passing rent divided by the property value.

Net Initial Yield (NIY)

The passing rent or net operating income divided by the gross property value including notional acquisition costs.

Reversionary yield

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