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Real Estate


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Total Property Return


A measure of the ungeared (un-leveraged) return that is generated by a portfolio of properties. In computation, it is the change in the capital value (of the portfolio components), excluding land, less any capital expenditure incurred, plus net income, expressed as a percentage of capital employed over the respective period. All items used in calculation shall relate to the same period in question.

It is known for short as TPR.


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