SDDS Wiring-Guide
Access the technical instructions, specifications, and practical examples to interpret data points in the SDDS/ ESG SDDS and ensure consistent reporting.
N
Name of investor's share/unit class in vehicle (if applicable)
Name or category of investor's units in vehicle
NAV after reclassification of equity such as interests and dividends yet to be distributed
Sum of #4.1, #4.1.1 and #4.1.2.
NAV TGER
Vehicle fees (#11.17) and costs (#11.19), expressed as a percentage of time-weighted average INREV NAV (#11.20). Calculated on a rolling four-quarter basis.
NAV TGER after tax (optional)
Optional ratio calculated as vehicle fees (#11.17) and costs (#11.19), plus vehicle tax, expressed as a percentage of time-weighted average INREV NAV (#11.20). Calculated on a rolling four-quarter basis. Click here for detailed calculation guidance for INREV Fee and expense metrics.
Net asset value of vehicle (NAV)
NAV as per the vehicle's financial statements under the chosen GAAP before INREV adjustments.
Net asset value of vehicle (NAV)
Same as #3.2 . Starting point for calculations for rows below.
Net capital contributed - during the reporting period
Net amount of (equity) capital contributed, recalled capital and shareholders' loans drawn from the investor during the reporting period. Sum of #20.1 to #20.5.
Net capital contributed - during the reporting period
Net amount of (equity) capital contributed, recalled capital and shareholders' loans drawn from investors during the reporting period. Sum of #13.1 to #13.5.
Net financing cost
Interest and other costs related to external debt (eg interest expense or income, extension fees, prepayment fees, cost of related interest rate swaps, debt arrangement fees), excluding dividend distribution to investors.
Net initial yield
Current passing rent of the portfolio (net of operating costs, recoverable and non recoverable) over the gross property value (including notional acquisition costs).
Net investment income - quarter
Net investment income represents the net operational income of a vehicle, on an accrual basis, containing the income and cost items described in the INREV Performance Measurement module. This excludes any capital transactions or movements in the reported period, including valuation gains or losses on assets and liabilities, transaction costs, sale proceeds and taxes on capital profits and losses.
Net leasable area
Total net leasable area of vehicle's assets that does not include common parts.
Net leasable area
Leasable area that does not include unlettable areas, eg common parts
Net operating income (NOI)
Gross operating income (#5.1) less operating expenses (#5.2 and #5.3). It relates to the operating portfolio of the vehicle and not (re)development assets which are reported under #5.5.
Net operating income (NOI)
Income generated by the operation of the asset, independent of external factors such as financing and income taxes. It is calculated as quarterly gross income less operating expenses. Gross income includes both rental income and other income such as parking fees, laundry and vending receipts, variable rent, etc. Operating expenses are costs incurred during the operation and maintenance of a property. They include repairs and maintenance, non-recoverable expenditures, letting costs, rent review feeds, as well as insurance, property management fees(excl. asset management fee), utilities, supplies, property taxes, bed debt write offs, etc. The following are not operating expenses: principal and interest, capital expenditures, depreciation, income taxes, and amortization of loan points
Net proceeds from dispositions
Total proceeds, net of disposition costs and fees.
NOI yield
Net operating income (NOI) (#5.4) over fair value of investment portfolio (#9.2).
Nominal value of debt
Total third party drawn debt facilities, bonds, notes, or credit lines (and any drawn equity bridge), excluding shareholders' loans and lease liabilities. All currencies converted to vehicle currency. Please note that the nominal value refers to the outstanding amount the debtor owes to the creditor so excluding any capitalized and not yet amortized loan arrangement costs/fees. Sum of #6.1.1 and #6.1.2.
Nominal value of fixed interest rate debt
Total third party drawn fixed interest rate debt facilities, bonds, notes, or credit lines (and any drawn equity bridge), excluding shareholders' loans and lease liabilities. Please note that the nominal value refers to the outstanding amount the debtor owes to the creditor so excluding any capitalized and not yet amortized loan arrangement costs/fees.
Nominal value of floating interest rate debt
Total third party floating drawn interest rate debt facilities, bonds, notes, or credit lines (and any drawn equity bridge), excluding shareholders' loans and lease liabilities. Please note that the nominal value refers to the outstanding amount the debtor owes to the creditor so excluding any capitalized and not yet amortized loan arrangement costs/fees.
Non-controlling interest effects on the above adjustments
This adjustment represents the impact on the NAV of the recognition of non-controlling interest on all of the above adjustments.
Notional amount of derivatives of currency hedging
Gross nominal amount of foreign currency hedging instruments in relation to third party portfolio debt.
Notional amount of derivatives of interest rate
Gross nominal amount of interest rate hedging instruments in relation to third party portfolio debt.
Number of acquired properties ((re)development)
Number of acquired properties as accounted for in vehicle's statement of financial position ((re)development).
Number of acquired properties (standing investment & initial leasing)
Number of acquired properties as accounted for in vehicle's statement of financial position for standing investments & initial leasing.
Number of dispositions
Number of completed disposition deals as per vehicle's financial statements (expected is the number of properties, however the financial statements are leading). For residential properties, details around number of units may be disclosed in the comment box
Number of forward contracted properties not accounted for in the statement of financial position.
Number of acquired properties not accounted for in the vehicle's statement of financial position, including forward contracts (which should be taken into consideration in the adjustments of INREV NAV. See NAV-Q12 of the INREV NAV Guidelines.
Number of investors
Current number of investors in the vehicle.
Number of new / renewed debt facilities
Total number of new third party debt facilities (additional borrowing / refinancing) during the reported period. This excludes shareholders' loans and lease liabilities.
Number of shares/units owned by investor in vehicle
Amount of issued shares/units owned directly or indirectly by the investor
Number of units (applicable to residential asset)
Number of residential units contained by the asset (if asset type is residential)