The Property Analysis report in Re-Leased provides a comprehensive financial overview of a property, detailing the purchase and rental income information, as well as potential rent and value. This enables customers to analyze performance and make informed decisions regarding their property portfolios.
This report can be filtered by:
- Reports For - Select a Company
- Property to Include - Select a Property, or include all
- Types of Properties to Include - Select a Property Type, or include all
- Tenancy - Select a Tenancy Type, or include all
- Options - Click to Exclude Potential Rent
- Lease types to include - Select which Lease type(s) to include on the report
- Advanced Options - Click on this link to show the advanced options
The report also includes a 'Property Value' section where users can input their own values for Applied Capitalisation Rate %, Analysed Value, Total Debt, and Total Equity to assist in the valuation process.
Other figures may also be overwritten with manual values to see how they will affect the report. For instance, if your current Leases have Outgoings of $5,000 you can manually change this to another value to see how the Total Net Rent is affected.
Clicking on Generate Report on Screen will show the Analysis report.
The Outgoings figure in the report is drawn from the approved budget, if your budget status is draft the report will show $0.
Description of Fields
- Date of Purchase: This field records the date when the property was acquired by its current owner. When multiple properties are selected, this field is hidden.
- Purchase Price: The cost paid for the property upon acquisition.
- Annual Net Rent: Total yearly rent collected from tenants after all expenses have been deducted. It doesn’t include tax.
- Outgoings/Service Charges/Operating Expenses: The total budgeted cost for services provided related to the common areas or building maintenance. The budgeted cost is sourced from Budget by Area and Budget by Tenancy/Lease. It will ignore budgets that aren’t yet approved. It also ignores archived, expired or future budgets.
- Recoverable Outgoings/Service Charges/Operating Expenses (from Budget): Portion of the service charges that can be billed back to the tenants based on the budget. It’s the allocation percentage times the total budgeted cost. It considers allocation from Budget by Area & Budget by Lease. It doesn’t consider Tenancy Concessions like Cap, Collar or Fixed amounts.
- Recoverable Outgoings/Service Charges/Operating Expenses (from Rent): this is hidden when there's budgets. When it is displayed, it pulls the Annual Net Outgoings/Service Charges/Operating Expenses from Rent & Outgoings templates
- Total Net Rent: The Annual Net Rent minus Outgoings/Service Charges/Operating Expenses plus the Recoverable.
- Tenancy Term Remaining Value: Value estimation based on the remaining duration of all current tenancies. Example: A 100k annual rent with 5 years remaining has a tenancy term remaining value of 500k.
- Occupied Area Annual Net Rent: The annual net rent generated from the currently occupied tenancies. It’s the same as Annual Net Rent
- Vacant Area Potential Annual Net Rent: The potential annual net rent that could be earned from currently vacant areas if they were leased. It’s the sum of the Annual Market Rent from all vacant areas.
- Weighted Average Lease Term: A WALE (Weighted Average Lease Expiry) or WALT (Weighted Average Lease Term) is a way of measuring the average period in which all leases in a property or portfolio will expire. This term is used by banks, commercial property investors, and valuers. More information here: Real-time WALE