styles_exit_sensitivity: Exit-yield sensitivity of leveraged equity IRR by style

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

Exit-yield sensitivity of leveraged equity IRR by style

Description

For each style, this helper:

• loads the corresponding YAML preset,

• perturbs the exit_yield_spread_bps parameter by a grid of deltas,

• reruns run_case() for each perturbation,

• collects the leveraged equity IRR.

Usage

styles_exit_sensitivity(
  styles,
  delta_bps = c(-50, 0, 50),
  config_dir = system.file("extdata", package = "cre.dcf")
)

Arguments

styles	Character vector of style identifiers (e.g. "core", "core_plus", "value_added", "opportunistic").
delta_bps	Numeric vector of exit-yield spread shocks in basis points, applied additively to the exit_yield_spread_bps field of each preset.
config_dir	Directory where preset YAML files are stored. Defaults to the package's inst/extdata folder.

Details

Economically, this approximates how sensitive each style's equity IRR is to small shifts in the exit_yield, and therefore to terminal_value risk. Strategies that concentrate value creation at exit (e.g. value_added, opportunistic) should display stronger IRR reactions to a given shock.

Value

A tibble with columns:

• style (character),

• shock_bps (numeric, the applied spread shock),

• irr_equity (numeric, leveraged equity IRR under the shock).

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