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- What is Wale in property?
- What is considered a good Wale?
- What is Wale in commercial property?
- How is Wale income calculated?
- Does Wale include vacant space?
- What are long Wale properties?
- What is Walt in property?
- How do you calculate Walt?
- What is passing rent?
- What is a Wale fund?
- What is a Wale in construction?
- What is a good Walt real estate?
- What is Walt in finance?
- How is Wault calculated example?
- What is lease expiry?
What is Wale in property?
The WALE (or weighted average lease expiry) is the way to measure the average time period that all leases in a property will expire.
What is considered a good Wale?
A long WALE of five years or more indicates income streams are secure well into the future. “On the other hand, a short WALE of one to three years indicates a greater rollover of leases in the short term where leases expire and tenants make decisions about whether to stay or move.”
What is Wale in commercial property?
WALE, or weighted average lease expiry, is an important term within the world of commercial property. ... A property's weighted average lease expiry is calculated based on the length of all leases within the property, but it is also weighted in terms of individual tenants.
How is Wale income calculated?
The WALE is calculated across all the tenants in a property and is weighted by either the tenant's lettable area or the tenant's income against the total combined area or income of the other tenants.
Does Wale include vacant space?
Weighted Average Lease Expiry (or weighted average lease to expiry), is a metric used to measure a property portfolio's risk of going vacant. It is measured in years, and is more commonly referred to by its abbreviation, WALE. One of the bigger risks of managing commercial properties is vacancy.
What are long Wale properties?
Charter Hall Long WALE REIT is an Australian Real Estate Investment Trust (REIT) investing in high quality real estate assets that are predominantly leased to corporate and government tenants on long term leases.
What is Walt in property?
Weighted Average Lease Term (WALT) – This provides a measure of the average time over which existing leases will expire. ... With a gross lease, the landlord picks up these costs.
How do you calculate Walt?
I know WALT is the sum of individual tenant rent (economic rent) divided by total rent multiplied by remaining lease term.
What is passing rent?
Related Content. The rent payable at a particular point in time. The phrase is often used in alienation covenants where a tenant covenants not to grant an underlease at a rent less than the rent passing under the headlease (or the relevant proportion of it in the case of an underlease of part).
What is a Wale fund?
WALE Fund. (LWF) Product disclosure statement. An unlisted property fund with an established. and growing portfolio of predominantly long.
What is a Wale in construction?
A wale (or "waler") is a horizontal supporting member of a concrete forming system, vertically reinforced by a "strongback". A wale is also a horizontal member of a geotechnical tieback wall, which transmits the force from the tieback to the beams.
What is a good Walt real estate?
Depending on the market conditions, one might desire a high or low WAULT. For instance, if the rental market is strong and rents are rising, a low WAULT is desirable as that indicates that the current leases are going to expire or renegotiate in the short term and rental incomes are likely to rise.
What is Walt in finance?
Weighted average life is used to determine the dollar amount that remains outstanding on a mortgage or loan balance. ... Weighted average life does not consider payments to interest on the loan.
How is Wault calculated example?
Both are calculated by adding up all the contracted rental income on the portfolio between now and the time the leases expire, or the time until the leases have their first break, and dividing it by the contracted annual rent. The result is usually expressed as a number of years.
What is lease expiry?
How It Works. Lease Expiry Diary is a subscription product that gives you access to market leading CoreLogic data on commercial leasing across NSW and QLD capital city CBD markets.
