Define: Pro Forma NOI
Pro Forma NOI means the anticipated net operating income from pre-existing and approved leases, subtracting projected operating expenses
Pro Forma NOI means the anticipated net operating income from pre-existing and approved leases, subtracting projected operating expenses.
Relevant Circumstances
- During the negotiation or renewal of lease agreements
- When developing financial forecasts for a property-based business
- In the process of property appraisal for loan purposes