REIT (Real Estate Investment Trust) Fund Financial Model (Excel XLSX)

VIDEO DEMO

DESCRIPTION

This product (REIT [Real Estate Investment Trust] Fund Financial Model) is an Excel template (XLSX) with a supplemental Excel document, which you can download immediately upon purchase.

A REIT fund (Real Estate Investment Trust fund) is an investment fund or security that pools capital from multiple investors to invest in real estate properties or real estate-related assets. REITs typically own, operate, or finance income-producing real estate, such as shopping malls, office buildings, apartments, or hotels.

Our advanced Excel model is designed for preparing detailed financial projections for a REIT fund, with a monthly timeline extending up to 8 years. It covers both the fund and asset manager, generating Income Statements, Balance Sheets, and Cash Flow Statements. The model accommodates up to 15 property investments and other financial investments, calculating total income, expenses, and unrealized/realized gains and losses on these investments. It also includes features for modelling asset management and performance fees, including hurdles and high-water marks, as well as staff costs, marketing, operating expenses, fixed assets, taxes, equity movements, and borrowings.


KEY OUTPUTS

•  Projected full financial statements (Income Statement, Balance Sheet and Cash flow Statement) for both the fund and asset manager presented on a monthly basis across up to 8 years and summarised on an annual basis.
•  Break-even analysis
•  Dashboard with:
•  Summarised projected Income Statement and Balance Sheet;
•  Compounded Annual Growth rate (CAGR) for each summarised income statement and Balance Sheet line item;
•  List of key ratios including average investment return, total IRR, assets under management, expense ratio, funds from operations (FFO), average profit margins, average return on assets and equity and average debt to equity ratio;
•  Bar charts summarising income statement and Balance Sheet projections;
•  Charts presenting total assets under management, property holdings, total fee income, total return by fund and IRR by property investment.


KEY INPUTS

Setup Inputs:
•  Name of Asset Manager and Fund;
•  Currency;
•  First projection year and month;
•  Naming for property investments, other income and direct costs from property investments, funds, other expenses, and borrowings in relation to the Fund
•  Naming for marketing costs, staff costs, other expenses and fixed assets in relation to the asset management operations.

Actuals Inputs:
•  Opening balance sheet (for existing businesses);
•  Income Statement actuals (for trend analysis);

Projection Inputs:
•  Property investment inputs including:
•  Purchase month, purchase value and purchase transaction costs
•  Value appreciation per annum
•  Sale month and sale transaction costs
•  Development costs by month
•  Average occupancy and rental rates
•  Other income per property investment
•  Direct costs per property investment
•  Financial Investment inputs:
•  Investment return per annum
•  Transaction fees
•  Target cash balances
•  Fee inputs including:
•  Investor Capital Additions / (Reductions)
•  Annual management fee percentages
•  Performance fee percentages, hurdle rates,
•  Entry/exit fee percentages
•  Other income and cost inputs including
•  Direct Costs;
•  Other Income;
•  Staff costs;
•  Marketing costs,
•  Other operating costs;
•  Sales tax and corporate tax inputs including rate and payment periods;
•  Dividend inputs including amount or percentage of retained earnings and frequency;
•  Fixed Assets including addition amounts and useful life;
•  Borrowings including addition/redemption amounts and interest rate;
•  Share Capital additions.


MODEL STRUCTURE

The model comprises of 9 tabs split into input ('i_'), calculation ('c_'), output ('o_') and system tabs. The tabs to be populated by the user are the input tabs ('i_Setup', ‘i_Actuals', 'i_Assump_Fund' and ‘i_Assump_AM'). The calculation tab uses the user-defined inputs to calculate and produce the projection outputs which are presented in 'o_Fin Stats' and ‘o_Dashboard'.


KEY FEATURES

•  The model follows best practice financial modelling guidelines and includes instructions, checks and input validations;
•  The model contains a dynamic timeline that allows for a mix of actual and forecast periods across a 8-year timeline allowing projections to be rolled forward from month to month;
•  Costs are split into: direct and non-direct for better driver-based forecasting;
•  The model is not password protected and can be modified as required following download;
•  The model includes an 8-year timeline split on a monthly basis and summarised on an annual basis;
•  The model allows for projections on both fund and asset manager basis;
•  The model allows for the following number of underlying categories for each line item (these can be easily expanded if required):
•  Property investments – 15 investments
•  Other income from properties – 3 categories
•  Other direct expenses from properties – 5 categories
•  Other expenses (fund) – 5 categories
•  Marketing costs – 5 categories
•  Staff costs – 10 categories;
•  Other expenses (asset manager) – 15 categories;
•  Fixed Assets – 5 categories;
•  Apart from projecting revenue and costs the model includes the possibility to other income, fixed assets, borrowings, corporate tax and investor capital additions/distributions;
•  Fund details, currency, starting projection period are fully customisable;
•  Revenue, cost, fixed asset and borrowing category descriptions are fully customisable;
•  The model includes instructions, checks and input validations to help ensure input fields are populated accurately;
•  The model includes a checks dashboard which summarises all the checks included in the various tabs making it easier to identify any errors.


SUPPORT / MODIFICATIONS

We are keen to ensure our customers are satisfied and find the models useful for their financial projection needs. Our models are developed with the user in mind and include instructions, line-item explanations, checks and input validations to ensure they are as user-friendly and easy to use as possible without requiring extensive knowledge of Microsoft Excel, finance or accounting. If any questions do arise, we are more than happy to assist. We are also happy to support with any be-spoke modifications you may require to the models to better suit your business needs. To get in touch, please send us a message through the website or contact us on:

We are also always keen to receive feedback so please do let us know what you think of our models by sending us a message or submitting a review.

Source: Best Practices in Integrated Financial Model, Company Financial Model, Business Plan Financial Model, Real Estate Excel: REIT (Real Estate Investment Trust) Fund Financial Model Excel (XLSX) Spreadsheet, Projectify