Glossary

A-C

• Asset Backed Securities
• Cash flow
• CMBS
• Corporation tax

D-F

• Derivatives
• Dividend
• Dividend model
• Dividend yield
• Double taxation treaty
• Earnings per share (EPS)
• Einheitsmodell (Standard model)
• EPRA
• Equity REIT
• Equity yield (also Return on Equity, RoE)
• Fair value
• Funds From Operations (FFO)

G-J

• Hidden reserve
• Hybrid REIT
• IFRS / IAS
• Initiative Finanzstandort Deutschland (Work group “Promoting Germany as a Location for Holding Companies”)

K-M

• Lending value
• Leverage
• Mortgage Backed Securities (MBS)
• Mortgage bonds
• Mortgage REIT

N-P

• NAREIT
• Net Asset Value (NAV)
• Price earnings ratio (P/E ratio)

Q-S

• Real estate funds
• RMBS
• Securitisation
• Shareholder value
• Spread
• Swaps

T-V

• Tax on acquisition of real estate
• Tax transparency
• Trade tax
• Trennungsmodell (Separation model, also called trust model)
• US-GAAP
• Volatility

W-Z

• Withholding tax