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 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

• In the case of a real estate investment trust, the Net Property Income is a close proxy to the net profits attributable to its assets.

• 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.

• As such, the profit forecast should be regarded as an illustration of the Net Property Income of Fortune REIT had the Acquisitions been completed on 1 January 2005.

• The Manager’s fees are calculated based on a base fee of 0.4% per annum on the value of the Deposited Property plus a variable fee of 3% per annum on the Net Property Income as defined in the Trust Deed.

• As a result, the actual Net Property Income of Fortune REIT for the year ending 31 December 2005 will be different from that indicated in Appendix 3 of this Offer Information Statement.

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 in respect of a property, the gross income generated from the leasing of that property, including but not limited to rental, license, and rent-related income such as management and air-conditioning fee, after deducting the expenses and outgoing related to the ownership and the management of that property “Occupancy” the occupancy of the Glory Rise Property calculated on the bases of occupied Gross Rentable Area as a proportion of total Gross Rentable Area of the Glory Rise Property on a specified date

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 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.

Net Property Income means gross rental income less property operating expenses. 5.1.3 Pro Forma Capitalisation The following table sets forth the pro forma capitalisation of FLCT as at 31 March 2021, as if FLCT had completed the Proposed Acquisition on 31 March 2021. 1H FY2021 Unaudited Financial StatementsImmediately after completion of the Proposed AcquisitionTotal assets (S$ m) Note:(1) Calculated based on total debt divided by total assets. The impact of FRS 116 Leases (adopted with effect from 1 October 2019) has been excluded for the purpose of computing the gearing ratio. 6. Listing Manual Requirements 6.1 Major Transaction Chapter 10 of the Listing Manual governs the acquisition or disposal of assets, including options to acquire or dispose of assets, by FLCT. Such transactions are classified into the following categories: