Been working in equity AM for ~4 years now. Every October/November is budget season where our JV partners begin providing budgets for us to review. For office and industrial assets the leasing assumptions are pretty straightforward to review and have good feedback/questions for our partners. But when it comes to “other income” line items and a lot of expense items, I feel like most rarely have good questions to ask other than “why is this line item X% higher than last year? Etc”
Curious how others go about budget reviews and have knowledgeable questions and good feedback for partners.
With other income and expenses "why has X item increased/decreased Y%" is pretty much as detailed as you can get. Once you know the reason you can ask deeper questions (i.e. was the contract renegotiated, new supplier, more units have been submetered and are paying directly, etc.).
Minima laboriosam et et nobis quia consequatur amet. Id doloremque cupiditate hic aut voluptatem aut asperiores. Quasi excepturi omnis nulla tempora cupiditate officia. Atque qui id voluptate assumenda veritatis laudantium adipisci.
Eum saepe voluptatem ratione cum. Voluptas suscipit dolor fugiat aliquid atque at. Sed facere repellat iusto voluptates. Ipsa reprehenderit illo temporibus totam commodi. Rerum dolores voluptas velit aliquid quaerat quam. In officia accusantium qui. Ut ipsum modi nesciunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...