Other Revenues

Modeling revenues that are not directly associated with leased spaces

Other revenues include all the other sources of property income such as parking, signage, vending machines and events. These revenues are not part of the main lease but may be indirectly driven by tenants. As a result, other revenues are part of the calculation making up potential gross income.

Adding other revenues

Add sources of revenue for that exist in the property. Add a revenue source by selecting the "Add other revenue" button. It is possible to stack revenue sources and use a similar naming convention to represent complex revenues that cannot be described using the provided fields.

Collapsing a revenue will show a high-level description of its attributes. Revenues must be expanded to edit.

Other revenues can be removed using the trash icon on the top right of each entry and can be reordered using the scrubber on the top left. The order of the revenues is the order they will appear in reports.

Revenue name

The name as it will appear for selection in the model and reports. It must be unique and should be short and descriptive, ideally describing its source.

Customer identification

An optional identifier that can be used to group cash flows when reporting.

Revenue description

An optional, longer description of the revenue providing further identification or the source of information.

Revenue type

The revenue type determines how the revenues should be recorded. It must be input assuming the property is fully occupied to variate correctly with the occupancy of the property.

An inflation schedule should be selected to adjust the revenues to reflect the value of the currency in the future.

Type options:

One-Time Amount

The revenue will be collected only once. Variability cannot be chosen. The amount will be paid on a specific date or over a period of time.

Amount per Year

The specified amount will be prorated to the payment frequency. The rate will be prorated by the payment frequency using the Actual/Actual day count convention.

Amount per Month

The specified amount will be prorated to the payment frequency. The rate will be annualized by the calculation engine and prorated by the payment frequency using the Actual/Actual day count convention.

Amount per Recurrence

The specified amount will be collected for each occurrence of the payment frequency.

One-time amount

Revenues input as one-time events are not affected by any variability. While the event occurs only once, payment can be spread over a schedule.

Paid on

The date or dates a one-time revenue is paid.

Paid on options:

Specific Date

The date the full amount is paid.

Payment Schedule

A schedule of partial payments and their dates specific to the one-time event.

Property Acquisition

The date the property is acquired. If the purchase date is not specified in the model, then the analysis start is used.

Property Disposal

The date the property is disposed. If the disposal date is not specified in the model, then the analysis end is used as it is implicitly assumed to be the reversion date.

Analysis Start

The first day of the analysis period. This is not recommended because it is possible to unintentionally move the expected date when overriding the analysis period in reports and portfolios.

Analysis End

The last day of the analysis period. This is not recommended because it is possible to unintentionally move the expected date when overriding the analysis period in reports and portfolios.

Recurring amounts

Revenues that are input as recurring events require a duration and payment frequency. Variability can adjust a percentage of the expense in relation to the occupancy of the property.

Variability

Determines how the revenue source should vary to the property's occupancy. Any amount or rate should be entered as the maximum expected amount.

Variability options:

Fixed

The amount will not vary.

Percentage Occupied

A percentage of the amount will correlate directly with the property's occupancy percentage.

Percentage Unoccupied

A percentage of the amount will correlate directly with one minus the property's occupancy percentage.

Revenue start

The date the revenue begins. The first payment will be made on the selected payment frequency after the revenue start date. No proration will occur in regard to the initial period.

Start options:

Specific Date

Begins on the specified date. This anchors the revenue to a specific point in time. Changing your analysis period or acquisition date will not change the start of the revenue.

Property Acquisition

Begins on the property acquisition date of the analysis start date when a purchase date has not been specified.

Analysis Start

Begins on the analysis start date.

Revenue end

Defines when the revenue will stop. No proration will occur in regard to the duration of the end period.

End options:

Specific Date

Ends on the specified date. Changing your analysis period or disposal date will not change the end of the revenue.

Property Disposal

Ends on the property disposal date or analysis end when it has not been specified.

Analysis End

Ends on the analysis end date.

Payment frequency

The frequency that the revenue is received from the customer.

Frequency options:

Yearly / Semiyearly / Quarterly

The payments will be aligned to the selected month and day of month.

Every Two Months / Monthly

The payments will be aligned to the selected day of the month.

Semimonthly

The payments will recur on the two dates of the month. Both payments will be equal amounts regardless of the span between them (ex. 1st and 15th in a month with 31 days.)

Every Two Weeks / Weekly

The payments will be aligned to the selected day of the week. Amounts entered as rates will be prorated using the Actual/Actual day-count convention. This means that a yearly rate will produce differing payment amounts when weekly frequency is selected and the number of weeks in the year is either 52 or 53. If this does not reflect the agreement, it is recommended that amounts paid weekly or every two weeks are entered as amount per recurrence.