Lease Term Remaining
(W.A. 88 Years)
% Annualized Yield(1)
($174M Annualized In-Place GAAP Rent, Net)
% Annualized Cash Yield(2)
($111M Annualized In-Place Cash Rent)
x W.A. Rent Coverage
% W.A. GLTV
- (1) Calculated as the annualized base GAAP Rent, Net plus Percentage Rent divided by Gross Book Value.
- (2) Calculated as the annualized base Cash Rent plus Percentage Rent divided by Gross Book Value.
- (3) The Company uses estimates of the stabilized Property NOI if it does not receive current tenant information or if the properties are under construction/in transition. These estimates are based on leasing activity at the property, third party appraisals and available market information, such as leasing activity at comparable properties in the relevant market.
Note: For additional details on these calculations, please see the Q4 2020 earnings presentation on our website.