Net Property Income definition
Net Property Income means Gross Revenue less Property Operating Expenses.
Net Property Income means the amount (per annum) of gross income of any real property, less the property management expenses, building management expenses, repair expenses, utilities expenses, taxes and public charges, insurance premiums, sales promotion expenses and other expenses related to such real property.
Net Property Income means, in relation to a particular piece of Real Estate held by the Trust, and in relation to any Financial Year or part thereof:
Examples of Net Property Income in a sentence
The pre-set targets are Net Property Income and Distribution per Stapled Security.
The financial performance indicators in which the Key Management Executives will be evaluated on comprise (i) Net Property Income and (ii) Distribution per Stapled Security.
More Definitions of Net Property Income
Net Property Income means, in relation to any Test Period, the aggregate of Tenancy Receipts received for all tenanted Units for that Test Period and (unless expressly stated in any provision in the Conditions that such amount shall not be taken into account) the amount standing to the credit of the Interest Coverage Reserve Account on the last day of the relevant Test Period, less:
Net Property Income means gross rental income less property operating expenses.
Net Property Income or “NPI” means, in relation to the results of operation of an Initial
Net Property Income means with respect to the applicable 12 Month Period, the amount of "Cash flow before overhead" (as listed on Lessee's Property Monthly Retail P&L Report) allocable to all of the Properties, provided that such amount is net of Property Interest Expense, Equipment Payment Amount and Property Operating Lease Expense allocable to the applicable 12 Month Period, but not net of any Property related (x) income taxes or charges equivalent to income taxes allocable to the applicable 12 Month Period, as determined in accordance with GAAP, (y) overhead expense allocable to the applicable 12 Month Period, or (z) nonrecurring gains or losses or depreciation or amortization allocable to the applicable 12 Month Period.
Net Property Income. , in relation to any period, means the Total Property Revenue for that period less the Total Property Expenses for that period, and for the avoidance of doubt, shall only take into account the Total Property Revenue and Total Property Expenses for operating properties in respect of which development has been completed;’
Net Property Income means Lease Income from a particular piece of Real Estate held by the Trust under a single Lease Agreement;
Net Property Income means in relation to any period, the Total Property Revenue for that period less the Total Property Expenses for that period;