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Updated almost 10 years ago,
Deriving NOI from audited financial statements
Hello investors,
Question for you all. I'm hoping someone could help me out with suggestions in calculating the NOI of a real estate asset (in particular, hotels and apartment complexes) from a set of audited financial statements. I have several cash flow models for the assets that calculate NOI and I have income statements and cash flow statements and I am trying to get the NOI from these audited financial statements. I have been adding back depreciation/amortization, interest income, and as many other non operating expenses (and taking out as much non op income as possible). However, some of the financial statements I have at are prepared in accordance with IFRS or UK GAAP and are very vague in describing their line items one he income statement. Any suggestions?