Total Vacancy
2.3%
Total portfolio vacancy for FY24
Revenue Total
$16.1M
Total revenue generated from entire portfolio for FY24
Expense Total
$14.2M
Total expenses generated from entire portfolio for FY24
Net Income
$1.8M
Total revenue minus total expenses for FY24
Debt service and capital reserves are paid from Net Income.
Net income has two major uses:
1) Repay the loans used to build a property;
2) Build up reserves over time to be used to replace building elements as they fail (boilers, roof, etc.)
