Portfolio NOI & Yield Performance Dashboard

Apex Real Estate Partners • Q3 2024 YTD • $1.84B AUM • 47 Properties

Portfolio NOI Yield
6.4%
▼ 40 bps vs target
Same-Store NOI
+2.1%
YoY Growth
Economic Occupancy
93.6%
▼ 1.4% vs target
OpEx Ratio
38.2%
▲ 0.8% improvement
Avg WALT
4.7 yrs
Weighted
Bad Debt Rate
1.8%
▲ 0.3% YoY

Same-Store NOI Attribution Waterfall (Q3 YTD vs Prior Year)

Rent-to-Market Ratio by Property

Operating Expense Ratio Trend (T12M)

Property NOI Performance Detail

Property Asset Class NOI Yield YoY Growth Econ Occ OpEx Ratio Performance
Logistics Park III Industrial 8.1% +5.2% 98.4% 28.1%
Meadowbrook Apts Multifamily 7.3% +3.8% 95.2% 36.4%
Tech Campus North Office 6.9% +1.9% 92.7% 41.2%
Gateway Shopping Center Retail 6.7% +2.4% 94.8% 33.9%
Central Business Plaza Office 6.2% -0.8% 89.3% 45.6%
Parkside Lofts Multifamily 7.1% +3.1% 96.1% 37.8%
Riverside Commons Office 5.4% -3.2% 88.1% 48.7%
Downtown Tower Office 5.8% +0.3% 91.4% 52.4%

Economic vs Physical Occupancy Gap

Concession Value Trend (% of GPR)

Cap Rate Spread vs Market

WALT Distribution

Reserve Adequacy

87%
$14.2M Balance vs $16.3M Forecast

NOI Yield vs Underwriting Baseline (by Asset Class)

Last updated: Dec 15, 2024 08:42 ET • Data sourced from Yardi Voyager, CoStar, Argus Enterprise • AUM $1.84B across 47 properties