Examples of Property Net Operating Income in a sentence

Property Net Operating Income (“NOI”) – NOI is defined as rent from income producing properties less property operating costs.
Property Net Operating Income (NOI) is an industry measure in widespread use.
See "Property Net Operating Income and Proportionate Property NOI" in the Glossary for a reconciliation of amounts presented on Supplemental Schedules 2 and 3 to the amounts presented on Supplemental Schedule 6.
Property and Same Store Net Operating Income Property Net Operating Income ("Property NOI") is a non-GAAP measure which we use to assess our operating results.
Solar Can Improve Property Net Operating Income (NOI) and Net Cash Flow (NCF)Building improvements such as solar can improve property performance through two avenues: (1) raise top-line revenues, and (2) lower operating expenses.Perhaps the most direct benefit of solar is its ability to immediately reduce operating expenses by lowering the building’s annual energy bill.

More Definitions of Property Net Operating Income

Property Net Operating Income or “Property NOI” means, with respect to a Property and for the four most recently ended Fiscal Quarters, the sum of the following (without duplication): (a) all revenues received in the ordinary course of operating such Property (including proceeds of rent loss insurance but excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ obligations for rent) minus (b) all expenses (whether paid or accrued) directly related to the operation or maintenance of such Property, including but not limited to payroll expenses, taxes, assessments and other similar charges, insurance, utilities, maintenance, repair and landscaping expenses but not including any management fees (in accordance with the computation of EBITDA plus rent and management fees). All amounts due to the Borrower or Guarantor, whether as rent or mortgage payments for the property, will be excluded from the calculation of (b) above.

Property Net Operating Income means, with respect to the Secured Property, determined for any period on an aggregate basis means, for any period, actual total revenue generated by the Secured Property, (but excluding asset management fees and straight-line rent accruals) during such period less operating expenses incurred for the Secured Property, (for greater certainty excluding depreciation and capital expenditures) for the same period.

Property Net Operating Income means, for each Property, for any period of time, the portion of the net income of Borrower (or, in the case of (w) Woodlands, CEI LP, (x) Washington Harbour, CWH, (y) Spectrum Centre, SMA or (z) Tramxxxx Xxxx Xxxter, CCRH) attributable to such Property, determined in accordance with GAAP, before adjustment for gains or losses from extraordinary items, plus (1) interest expense and (2) depreciation and amortization, and adjusted for non-cash revenue attributable to the straight-line treatment of rent or other GAAP adjustments for free rent and by the deduction of (a) any accrued rent with respect to tenants that are more than sixty (60) days in arrears in the payment of rent, (b) interest income, (c) a management fee equal to the greater of actual management fees or 3.0% of gross revenues and (d) capital expenditures in a deemed amount equal to $.75 per square foot of space in the Improvements in the case of Office Properties and 3.5% of gross revenues in the case of Hotel Properties. For purposes of the foregoing, income attributable to third-party leasing commissions or management fees shall be excluded.

Property Net Operating Income in Section 5.1 of the Credit Agreement are each hereby amended and restated in their entirety to read as follows:

Property Net Operating Income means gross rental receipts less property operating expenses and realty taxes;

Property Net Operating Income means gross revenues less property operating expenses and realty taxes;