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Glossary

Here we've provided you with a glossary of terms that are used on our website and in our literature.

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Glossary

We've put together some of the most popular terms and arranged them alphabetically.

P

Property Expense Ratio (PER)

Property expenses are the operating expenses that relate to the management of the property assets in the portfolio. These include: insurance and rates, rent review and lease renewal costs and maintenance and repairs, but not improvements. They depend on the level of activity taking place within the fund. The Property Expense Ratio is the ratio of property expenses to the fund’s net asset value.

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