Global Definitions Database

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

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Security Market Line (SML)

A graphical representation of the capital asset pricing model (CAPM); the SML is a linear depiction of the CAPM drawn on an axis chart, where the x-axis represents risk in terms of beta and the y-axis represents expected return.

Source: NCREIF | Date: 09 September 2025 | ID: D1461 | Version: 1