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Gearing – a measure of how much an investment is funded using debt versus the equity provided by investors. Also known as Leverage or LVR.
IM (or Information Memorandum) – an offer document produced for the sale of a product or asset to wholesale investors.
Leverage – the ratio of a company’s loan capital (debt) to the value of its equity. Also known as Gearing or LVR.
Liquidity – refers to how easy it is to convert assets into cash.
Listed property trust/fund – a unitised portfolio of property assets, listed on the New Zealand Stock Exchange (NZX).
LVR (or Loan to Value ratio) – the amount borrowed to purchase an asset (e.g., building/property), represented as a percentage of the value of the asset. Also known as Gearing or Leverage.
PDS (or Product Disclosure Statement) – a legal offer document for a financial product.
Property syndicates – property syndicates are a pooled property investment usually facilitated by a fund manager. Many investors are able to pool their money to buy a property that alone they would not have the funds to purchase.
REIT (or Real Estate Investment Trust) – pools the resources of investors together to buy a range of property assets, which the trust then manages for a profit. They are listed and can be exchanged on local Securities Exchanges. Also known as a listed property trust/fund.
Unlisted property fund – a form of property investment that provides investors the opportunity to gain access to commercial property assets through an investment in a fund.
WALE, or Weighted Average Lease Expiry – is the way to measure the average time period that all leases in a commercial property will expire.
Yield – a measure of returns to investors that is expressed as a percentage over a set period of time