project_terminal_noi: Project the NOI capitalized in the terminal value one year...

In cre.dcf: Discounted Cash Flow Tools for Commercial Real Estate

Project the NOI capitalized in the terminal value one year forward

Description

Selects a stabilised terminal NOI within the explicit holding period and forwardizes it by one year, following the standard real-estate reversion convention in which a resale at time T is capitalized off the next year's NOI (or a stabilized forward NOI when year T+1 is atypical).

Usage

project_terminal_noi(
  noi,
  vacancy = NULL,
  capex = NULL,
  noi_theoretical = NULL,
  growth_rate = NULL
)

Arguments

noi	Numeric vector of annual NOI values for years 1..N.
vacancy	Optional numeric vector of annual vacancy rates.
capex	Optional numeric vector of annual capital expenditures.
noi_theoretical	Optional stabilised NOI candidate.
growth_rate	Optional numeric scalar. If NULL, a growth rate is inferred from the latest robust NOI observations.

Value

Numeric scalar. Forwardized terminal NOI used for resale valuation.

cre.dcf documentation built on April 10, 2026, 5:08 p.m.