Net Initial Yield (NIY)
The passing rent or net operating income divided by the gross property value including notional acquisition costs.
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The passing rent or net operating income divided by the gross property value including notional acquisition costs.
Source: INREV | Date: 23 March 2020 | ID: D0176 | Version: 6
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.
The passing rent divided by the property value.
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.
The estimated rental value as a percentage of gross property value.