Net Property Income definition

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 Gross Revenue less Property Operating Expenses.

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:

Examples of Net Property Income in a sentence

• The Manager assesses the performance of the operating segments based on a measure of Net Property Income.

• The Group considers the business from a geographic segment perspective to make strategic decisions and assess the performance of the geographic segments based on a measure of Net Property Income.

• The performance fee, which is based on Net Property Income, aligns the interests of the Manager with Unitholders as the Manager is motivated and incentivised to achieve income stability by ensuring the long-term sustainability of the assets through proactive asset management strategies and asset enhancement initiatives.

• BACKGROUND 2.1 The National Environmental Management Act, 1998 (Act No. 107 of 1998) (NEMA) is the environmental framework legislation which provides for environmental management.

• In this model statement, NOI is labeled Net Property Income and FFO is labeled Income from Operations.

More Definitions of Net Property Income

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:

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 means Gross Revenue less property operating expenses. Bonn CampusDarmstadt CampusMünster Campus Notes:(1) Gross Built Area includes all space built above and below ground, as well as external car parks.(2) Net Lettable Area excludes underground parking and parking facilities.

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 or “NPI” means the gross revenue of a Property (comprising the rental payment under the respective Master Lease Agreements, which consists of a Fixed Rent and a Variable Rent from the Properties under the Master Lease Agreements, and commercial rental income from the Excluded Commercial Premises) (“Gross Revenue”) less (i) property tax for hospitality properties, (ii) insurance expenses on each Property, (iii) Sinking Fund Contributions (as defined herein) and (iv) other property expenses (collectively, “Property Expenses”).

Net Property Income means gross revenue (which consists of Gross Rental Income (as defined herein) and other income earned from MCT's properties, including carpark and advertising and promotion revenue) ("Gross Revenue") less property operating expenses.