Present value (PV)
The sum of all future benefits or costs accruing to the owner of an asset when such benefits or costs are discounted to the present by an appropriate discount rate.
Power center
This retail center is dominated by several large anchors, including discount department stores, off-price stores, warehouse clubs, or category killers—stores that offer tremendous selection in a particular merchandise category at low prices...
Potential rental income
The total amount of rental income for a property if it were 100 percent occupied and rented at competitive market rates.
Positive leverage
Borrowed funds are invested at a rate of return higher than the cost of the funds to the borrower.
Portfolio income
Income from interest, dividends, royalties, or the disposition of property held for investment.
Population migration
The movement and relocation of people from one place of residence to another in response to social and economic factors and forces; a long-term trend that can be expected to affect local economies and real estate values.
Population growth
The rate at which a given population base in a given geographic area is growing (positive or negative) in relation to the forces of internal growth, in-migration, and out-migration; a factor that is widely acknowledged as having the greatest ...
Population/expenditure approach
An approach to estimating the trade area (and sales/revenue potential) for a given retail establishment or center based on the minimum area (or threshold population) that would be required to sustain a business, by calculating the population ...
Planned removed inventory
In reference to commercial real estate, it is the supply or stock of a specific type of commercial unit or the amount of space that will not be available in an upcoming forecast period due to demolitions and conversions (out).