pre-emption rights
Pre-emption rights are very important. The rules that govern how listed companies behave say that, unless you agree otherwise, companies can’t issue stock to new investors without offering it to […]
Diluted Net Asset Value or Diluted NAV
Diluted Net Asset Value or Diluted NAV – Diluted NAV per share shows the net assets per common share after assuming the exercise of all outstanding warrants and stock options, and the […]
EPRA Earnings per share or EPRA EPS
EPRA Earnings per share or EPRA EPS – EPRA Earnings is a measure of the underlying operating performance of an investment property company excluding fair value gains, investment property disposals […]
Estimated Rental Value or ERV
Estimated Rental Value or ERV – ERV is the estimated annual market rental value of lettable space as determined biannually by a property group’s valuers. This will normally be different from […]
Revolving Credit Facility or RCF
Revolving Credit Facility or RCF – A revolving credit facility is a type of credit that does not have a fixed number of payments, in contrast to fixed term loans. […]
Real Estate Investment Trust or REIT
Real Estate Investment Trust or REIT – A REIT is a listed property company in a tax efficient structure: REITs must pay out 90% of their property income to shareholders […]
Additional Tier 1 or AT1
Additional Tier 1 or AT1 – in addition to a bank’s core capital or Tier 1, it may also use other additional forms of capital to ensure its capital adequacy. Tier 1 […]
Core Capital
Core capital is composed of disclosed reserves and common stock. It can also include non-cumulative, non-redeemable preferred stock. As well as Core Capital, banks also use instruments to accumulate Tier […]
Gross multiple of invested capital (MOIC)
Gross multiple of invested capital (MOIC) expresses as a multiple how much a private equity company has made on the realisation of a gain, relative to how much they paid for it. E.g; […]
MOIC
MOIC is an abbreviation for gross multiple of invested capital. This expresses how much a private equity company has made on the realisation of a gain, relative to how much […]
