This course is a complete, step-by-step guide to modeling commercial leases for retail, office, and industrial real estate. This is a project-based course, meaning you'll start with a blank Excel workbook and walk away with a fully-functional, dynamic, commercial lease model that YOU'VE created - from scratch. The Step-by-Step Process to REFM. The exact steps vary based on the type of financial model, but they’ll always be something like this: Step 1: Set up the Transaction Assumptions, including those for the size of the property, the purchase price or development costs, and the exit (i.e., how much you might sell the property for at the end).
Jul 03, 2012 · The effect of adding back lease payments to EBIT seems to outweigh the increase in EV. I don’t really know enough about operating leases to explain it, but it might be better to use a multiple of the lease payments to calculate the obligation than the minimum future operating lease commitment in the notes to the accounts.