Real Estate Modeling 101: What’s not in the Proforma?
Two questions about real estate pro-formas that get asked all the time are:
“Why doesn’t the pro-forma include income taxes?”
“What about depreciation? Isn’t it a major expense in real estate?”
Real Estate Modeling 101: Capital Costs
The Pro-Forma: CapEx, Tenant Improvements, and Commissions…
Real Estate Modeling 101: Why the Proforma?
If financial statements reveal the health of a company, pro-formas do the same for properties.