property lease - spreadsheet modelling

Upload: swapnika-nag

Post on 02-Jun-2018

225 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    1/56

    Monthly Mean Growth Rate of BHI = 0.70%

    Monthly Std. Deviation of Growth Rate of BHI 3.40%

    Beta_0 = 0.01%

    Beta_1 = 1.20

    Beta_2 (Tie De!ay" = 0.02%

    0.002

    Rent#$ro% $ri!e Ratio = 0.0025

    Month& Ban'alore Ho&in' Inde) Rate of Retrn of Inde)

    1 100 0.64%

    2 100.6442665256 0.64%

    3 101.2926838447 0.64%

    4 101.9452786996 0.64%

    5 102.6020780046 0.64%

    6 103.2631088478 0.64%

    7 103.9283984913 0.64%

    8 104.5979743734 0.64%

    9 105.2718641087 0.64%

    10 105.95009549 0.64%

    11 106.6326964891 0.64%

    12 107.3196952579 0.64%

    13 108.0111201297 0.64%

    14 108.7069996206 0.64%

    15 109.4073624302 0.64%

    16 110.1122374428 0.64%

    17 110.8216537292 0.64%

    18 111.5356405473 0.64%

    19 112.2542273434 0.64%

    20 112.9774437537 0.64%

    21 113.7053196053 0.64%

    22 114.4378849173 0.64%

    23 115.1751699024 0.64%

    24 115.9172049678 0.64%

    25 116.6640207168 0.64%26 117.4156479497 0.64%

    27 118.1721176652 0.64%

    28 118.9334610619 0.64%

    29 119.6997095392 0.64%

    30 120.470894699 0.64%

    31 121.2470483466 0.64%

    32 122.0282024923 0.64%

    33 122.8143893528 0.64%

    34 123.605641352 0.64%

    35 124.4019911229 0.64%36 125.2034715089 0.64%

    37 126.0101155646 0.64%

    Std. Dev of *1 =

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    2/56

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    3/56

    $ro%erty +

    (Percentage/ Number?)

    (Percentage/ Number?)

    ,)%. R. of Ret. ($ro%)" Rate of Retrn $ro% )$ro%erty ) $ri!e

    0.76% 0.76% 8500000

    0.74% 0.74% 8564900.91825651

    0.72% 0.72% 8628571.49424189

    0.70% 0.70% 8690977.02138226

    0.68% 0.68% 8752083.30032771

    0.66% 0.66% 8811856.67007468

    0.64% 0.64% 8870264.03877015

    0.62% 0.62% 8927272.91415824

    0.60% 0.60% 8982851.43363014

    0.58% 0.58% 9036968.39383868

    0.56% 0.56% 9089593.27983893

    0.54% 0.54% 9140696.29371696

    0.52% 0.52% 9190248.38266906

    0.50% 0.50% 9238221.26649466

    0.48% 0.48% 9284587.46446635

    0.46% 0.46% 9329320.32154145

    0.44% 0.44% 9372394.03388008

    0.42% 0.42% 9413783.67363562

    0.40% 0.40% 9453465.2129842

    0.38% 0.38% 9491415.54736084

    0.36% 0.36% 9527612.51787074

    0.34% 0.34% 9562034.93284537

    0.32% 0.32% 9594662.58851401

    0.30% 0.30% 9625476.28876242

    0.28% 0.28% 9654457.863951770.26% 0.26% 9681590.18877177

    0.24% 0.24% 9706857.19910374

    0.22% 0.22% 9730243.90787009

    0.20% 0.20% 9751736.41984847

    0.18% 0.18% 9771321.94543016

    0.16% 0.16% 9788988.81330342

    0.14% 0.14% 9804726.48204436

    0.12% 0.12% 9818525.55059921

    0.10% 0.10% 9830377.7676433

    0.08% 0.08% 9840276.039803760.06% 0.06% 9848214.43873453

    0.04% 0.04% 9854188.20703367

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    4/56

    0.02% 0.02% 9858193.76299485

    0.00% 0.00% 9860228.70418624

    -0.02% -0.02% 9860291.80985188

    -0.04% -0.04% 9858383.04213217

    -0.06% -0.06% 9854503.54610169

    -0.08% -0.08% 9848655.64862441

    -0.10% -0.10% 9840842.85602781

    -0.12% -0.12% 9831069.85059919

    -0.14% -0.14% 9819342.48590907

    -0.16% -0.16% 9805667.78096827

    -0.18% -0.18% 9790053.9132267

    -0.20% -0.20% 9772510.21042379

    -0.22% -0.22% 9753047.14130182

    -0.24% -0.24% 9731676.3051952

    -0.26% -0.26% 9708410.42051002

    -0.28% -0.28% 9683263.3121101

    -0.30% -0.30% 9656249.89762692

    -0.32% -0.32% 9627386.17271236

    -0.34% -0.34% 9596689.19525487

    -0.36% -0.36% 9564177.0685806

    -0.38% -0.38% 9529868.9236629

    -0.40% -0.40% 9493784.90036445

    -0.42% -0.42% 9455946.1277379

    -0.44% -0.44% 9416374.70341198

    -0.46% -0.46% 9375093.67209111

    -0.48% -0.48% 9332127.00319797

    -0.50% -0.50% 9287499.56768917

    -0.52% -0.52% 9241237.11407563

    -0.54% -0.54% 9193366.24367984

    -0.56% -0.56% 9143914.38516326

    -0.58% -0.58% 9092909.76835819

    -0.60% -0.60% 9040381.39743876

    -0.62% -0.62% 8986359.02346686

    -0.64% -0.64% 8930873.11634926

    -0.66% -0.66% 8873954.83624298

    -0.66% -0.66% 8815636.00444624

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    5/56

    Rental -y!le $ro. /f no ea&e $ro. /f ea&e ea&e Tri''er

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    6/56

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    7/56

    Rental Revene Maintainan!e -o&t $rot&

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -40000 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -40000 4000 -4000

    0 4000 -4000

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    8/56

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    -292000

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    9/56

    Monthly Mean Growth Rate of BHI = 0.70%

    Monthly Std. Deviation of Growth Rate of BHI 3.40%

    Beta_0 = 0.00%

    Beta_1 = 1.40

    Beta_2 (Tie De!ay" = 0.03%

    0.003

    Rent#$ro% $ri!e Ratio = 0.0020

    Month& Ban'alore Ho&in' Inde) Rate of Retrn of Inde)

    1 100 0.64%

    2 100.6442665256 0.64%

    3 101.2926838447 0.64%

    4 101.9452786996 0.64%

    5 102.6020780046 0.64%

    6 103.2631088478 0.64%

    7 103.9283984913 0.64%

    8 104.5979743734 0.64%

    9 105.2718641087 0.64%

    10 105.95009549 0.64%

    11 106.6326964891 0.64%

    12 107.3196952579 0.64%

    13 108.0111201297 0.64%

    14 108.7069996206 0.64%

    15 109.4073624302 0.64%

    16 110.1122374428 0.64%

    17 110.8216537292 0.64%

    18 111.5356405473 0.64%

    19 112.2542273434 0.64%

    20 112.9774437537 0.64%

    21 113.7053196053 0.64%

    22 114.4378849173 0.64%

    23 115.1751699024 0.64%

    24 115.9172049678 0.64%

    25 116.6640207168 0.64%26 117.4156479497 0.64%

    27 118.1721176652 0.64%

    28 118.9334610619 0.64%

    29 119.6997095392 0.64%

    30 120.470894699 0.64%

    31 121.2470483466 0.64%

    32 122.0282024923 0.64%

    33 122.8143893528 0.64%

    34 123.605641352 0.64%

    35 124.4019911229 0.64%36 125.2034715089 0.64%

    37 126.0101155646 0.64%

    Std. Dev of *1 =

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    10/56

    38 126.8219565581 0.64%

    39 127.6390279712 0.64%

    40 128.461363502 0.64%

    41 129.2889970654 0.64%

    42 130.1219627947 0.64%

    43 130.9602950434 0.64%

    44 131.8040283862 0.64%

    45 132.6531976204 0.64%

    46 133.5078377678 0.64%

    47 134.3679840756 0.64%

    48 135.233672018 0.64%

    49 136.1049372982 0.64%

    50 136.9818158488 0.64%

    51 137.8643438345 0.64%

    52 138.7525576525 0.64%

    53 139.6464939348 0.64%

    54 140.5461895494 0.64%

    55 141.4516816016 0.64%

    56 142.363007436 0.64%

    57 143.2802046377 0.64%

    58 144.203311034 0.64%

    59 145.1323646958 0.64%

    60 146.0674039393 0.64%

    61 147.0084673276 0.64%

    62 147.9555936724 0.64%

    63 148.9088220351 0.64%

    64 149.8681917291 0.64%

    65 150.8337423209 0.64%

    66 151.805513632 0.64%

    67 152.7835457403 0.64%

    68 153.7678789821 0.64%

    69 154.7585539534 0.64%

    70 155.755611512 0.64%

    71 156.7590927787 0.64%

    72 157.7690391393 0.64%

    72 158.7854922461 0.64%

    159.8084940202

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    11/56

    $ro%erty +

    ,)%. R. of Ret. ($ro%)" Rate of Retrn $ro% )$ro%erty ) $ri!e

    0.87% 0.87% 16000000

    0.84% 0.84% 16139497.3985091

    0.81% 0.81% 16275327.6865111

    0.78% 0.78% 16407378.1726981

    0.75% 0.75% 16535538.6497261

    0.72% 0.72% 16659701.5471214

    0.69% 0.69% 16779762.0814348

    0.66% 0.66% 16895618.4033496

    0.63% 0.63% 17007171.7414563

    0.60% 0.60% 17114326.5424097

    0.57% 0.57% 17216990.6071898

    0.54% 0.54% 17315075.2231965

    0.51% 0.51% 17408495.2919112

    0.48% 0.48% 17497169.4518695

    0.45% 0.45% 17581020.1966975

    0.42% 0.42% 17659973.9879688

    0.39% 0.39% 17733961.3626565

    0.36% 0.36% 17802917.0349564

    0.33% 0.33% 17866779.9922757

    0.30% 0.30% 17925493.5851878

    0.27% 0.27% 17979005.6111681

    0.24% 0.24% 18027268.3919378

    0.21% 0.21% 18070238.8442546

    0.18% 0.18% 18107878.5440045

    0.15% 0.15% 18140153.78345950.12% 0.12% 18167035.6215829

    0.09% 0.09% 18188499.927277

    0.06% 0.06% 18204527.4154825

    0.03% 0.03% 18215103.6760542

    0.00% 0.00% 18220219.1953518

    -0.03% -0.03% 18219869.3705015

    -0.06% -0.06% 18214054.5162986

    -0.09% -0.09% 18202779.8647344

    -0.12% -0.12% 18186055.5571521

    -0.15% -0.15% 18163896.6290443-0.18% -0.18% 18136322.9875268

    -0.21% -0.21% 18103359.3815349

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    12/56

    -0.24% -0.24% 18065035.3648045

    -0.27% -0.27% 18021385.2517154

    -0.30% -0.30% 17972448.0660902

    -0.33% -0.33% 17918267.4830544

    -0.36% -0.36% 17858891.7640801

    -0.39% -0.39% 17794373.6853476

    -0.42% -0.42% 17724770.4595741

    -0.45% -0.45% 17650143.6514721

    -0.48% -0.48% 17570559.0870116

    -0.51% -0.51% 17486086.7566735

    -0.54% -0.54% 17396800.7128937

    -0.57% -0.57% 17302778.9619072

    -0.60% -0.60% 17204103.3502144

    -0.63% -0.63% 17100859.4459002

    -0.66% -0.66% 16993136.4150466

    -0.69% -0.69% 16881026.8934892

    -0.72% -0.72% 16764626.8541742

    -0.75% -0.75% 16644035.470384

    -0.78% -0.78% 16519354.9751006

    -0.81% -0.81% 16390690.516789

    -0.84% -0.84% 16258150.0118828

    -0.87% -0.87% 16121843.994261

    -0.90% -0.90% 15981885.4620115

    -0.93% -0.93% 15838389.7217747

    -0.96% -0.96% 15691474.2309691

    -0.99% -0.99% 15541258.4381982

    -1.02% -1.02% 15387863.6221421

    -1.05% -1.05% 15231412.7292354

    -1.08% -1.08% 15072030.2104342

    -1.11% -1.11% 14909841.8573741

    -1.14% -1.14% 14744974.638217

    -1.17% -1.17% 14577556.5334858

    -1.20% -1.20% 14407716.372179

    -1.23% -1.23% 14235583.6684574

    -1.26% -1.26% 14061288.4591869

    -1.26% -1.26% 13884961.1426184

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    13/56

    Rental -y!le $ro. /f no ea&e $ro. /f ea&e ea&e Tri''er

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    14/56

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    15/56

    Rental Revene Maintainan!e -o&t $rot&

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -70000 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -70000 7000 -7000

    0 7000 -7000

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    16/56

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    0 7000 -7000

    -511000

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    17/56

    Monthly Mean Growth Rate of BHI = 0.70%

    Monthly Std. Deviation of Growth Rate of BHI 3.40%

    Beta_0 = 0.02%

    Beta_1 = 0.70

    Beta_2 (Tie De!ay" = 0.01%

    0.001

    Rent#$ro% $ri!e Ratio = 0.0030

    Month& Ban'alore Ho&in' Inde) Rate of Retrn of Inde)

    1 100 0.64%

    2 100.6442665256 0.64%

    3 101.2926838447 0.64%

    4 101.9452786996 0.64%

    5 102.6020780046 0.64%

    6 103.2631088478 0.64%

    7 103.9283984913 0.64%

    8 104.5979743734 0.64%

    9 105.2718641087 0.64%

    10 105.95009549 0.64%

    11 106.6326964891 0.64%

    12 107.3196952579 0.64%

    13 108.0111201297 0.64%

    14 108.7069996206 0.64%

    15 109.4073624302 0.64%

    16 110.1122374428 0.64%

    17 110.8216537292 0.64%

    18 111.5356405473 0.64%

    19 112.2542273434 0.64%

    20 112.9774437537 0.64%

    21 113.7053196053 0.64%

    22 114.4378849173 0.64%

    23 115.1751699024 0.64%

    24 115.9172049678 0.64%

    25 116.6640207168 0.64%26 117.4156479497 0.64%

    27 118.1721176652 0.64%

    28 118.9334610619 0.64%

    29 119.6997095392 0.64%

    30 120.470894699 0.64%

    31 121.2470483466 0.64%

    32 122.0282024923 0.64%

    33 122.8143893528 0.64%

    34 123.605641352 0.64%

    35 124.4019911229 0.64%36 125.2034715089 0.64%

    37 126.0101155646 0.64%

    Std. Dev of *1 =

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    18/56

    38 126.8219565581 0.64%

    39 127.6390279712 0.64%

    40 128.461363502 0.64%

    41 129.2889970654 0.64%

    42 130.1219627947 0.64%

    43 130.9602950434 0.64%

    44 131.8040283862 0.64%

    45 132.6531976204 0.64%

    46 133.5078377678 0.64%

    47 134.3679840756 0.64%

    48 135.233672018 0.64%

    49 136.1049372982 0.64%

    50 136.9818158488 0.64%

    51 137.8643438345 0.64%

    52 138.7525576525 0.64%

    53 139.6464939348 0.64%

    54 140.5461895494 0.64%

    55 141.4516816016 0.64%

    56 142.363007436 0.64%

    57 143.2802046377 0.64%

    58 144.203311034 0.64%

    59 145.1323646958 0.64%

    60 146.0674039393 0.64%

    61 147.0084673276 0.64%

    62 147.9555936724 0.64%

    63 148.9088220351 0.64%

    64 149.8681917291 0.64%

    65 150.8337423209 0.64%

    66 151.805513632 0.64%

    67 152.7835457403 0.64%

    68 153.7678789821 0.64%

    69 154.7585539534 0.64%

    70 155.755611512 0.64%

    71 156.7590927787 0.64%

    72 157.7690391393 0.64%

    72 158.7854922461 0.64%

    159.8084940202

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    19/56

    $ro%erty +

    ,)%. R. of Ret. ($ro%)" Rate of Retrn $ro% )$ro%erty ) $ri!e

    0.46% 0.46% 4200000

    0.45% 0.45% 4219345.09518155

    0.44% 0.44% 4238355.43665256

    0.43% 0.43% 4257025.70573077

    0.42% 0.42% 4275350.66228103

    0.41% 0.41% 4293325.14716186

    0.40% 0.40% 4310944.08464199

    0.39% 0.39% 4328202.48478544

    0.38% 0.38% 4345095.4458035

    0.37% 0.37% 4361618.15637214

    0.36% 0.36% 4377765.89791314

    0.35% 0.35% 4393534.04683771

    0.34% 0.34% 4408918.07675084

    0.33% 0.33% 4423913.56061501

    0.32% 0.32% 4438516.17287192

    0.31% 0.31% 4452721.69152065

    0.30% 0.30% 4466526.00015088

    0.29% 0.29% 4479925.08992998

    0.28% 0.28% 4492915.06154232

    0.27% 0.27% 4505492.12707982

    0.26% 0.26% 4517652.61188217

    0.25% 0.25% 4529392.95632569

    0.24% 0.24% 4540709.71755942

    0.23% 0.23% 4551599.57118745

    0.22% 0.22% 4562059.312896130.21% 0.21% 4572085.8600253

    0.20% 0.20% 4581676.25308216

    0.19% 0.19% 4590827.65719699

    0.18% 0.18% 4599537.36351963

    0.17% 0.17% 4607802.79055567

    0.16% 0.16% 4615621.4854416

    0.15% 0.15% 4622991.12515792

    0.14% 0.14% 4629909.51767931

    0.13% 0.13% 4636374.60306132

    0.12% 0.12% 4642384.454462470.11% 0.11% 4647937.27910138

    0.10% 0.10% 4653031.41914804

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    20/56

    0.09% 0.09% 4657665.3525487

    0.08% 0.08% 4661837.69378378

    0.07% 0.07% 4665547.1945583

    0.06% 0.06% 4668792.74442429

    0.05% 0.05% 4671573.37133481

    0.04% 0.04% 4673888.24212912

    0.03% 0.03% 4675736.66294877

    0.02% 0.02% 4677118.0795842

    0.01% 0.01% 4678032.07775167

    0.00% 0.00% 4678478.38330032

    -0.01% -0.01% 4678456.86234925

    -0.02% -0.02% 4677967.52135443

    -0.03% -0.03% 4677010.50710546

    -0.04% -0.04% 4675586.1066522

    -0.05% -0.05% 4673694.74716127

    -0.06% -0.06% 4671336.99570258

    -0.07% -0.07% 4668513.55896591

    -0.08% -0.08% 4665225.28290796

    -0.09% -0.09% 4661473.15232988

    -0.10% -0.10% 4657258.29038576

    -0.11% -0.11% 4652581.95802228

    -0.12% -0.12% 4647445.55335001

    -0.13% -0.13% 4641850.6109468

    -0.14% -0.14% 4635798.80109367

    -0.15% -0.15% 4629291.92894375

    -0.16% -0.16% 4622331.93362495

    -0.17% -0.17% 4614920.88727687

    -0.18% -0.18% 4607060.99402262

    -0.19% -0.19% 4598754.58887638

    -0.20% -0.20% 4590004.13658731

    -0.21% -0.21% 4580812.23042074

    -0.22% -0.22% 4571181.59087737

    -0.23% -0.23% 4561115.06435147

    -0.24% -0.24% 4550615.62172894

    -0.25% -0.25% 4539686.35692617

    -0.25% -0.25% 4528330.48537087

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    21/56

    Rental -y!le $ro. /f no ea&e $ro. /f ea&e ea&e Tri''er

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    22/56

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    23/56

    Rental Revene Maintainan!e -o&t $rot&

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -30000 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -30000 3000 -3000

    0 3000 -3000

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    24/56

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    0 3000 -3000

    -219000

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    25/56

    Monthly Mean Growth Rate of BHI = 0.70%

    Monthly Std. Deviation of Growth Rate of BHI 3.40%

    Beta_0 = 0.001%

    Beta_1 = 1.30

    Beta_2 (Tie De!ay" = 0.05%

    0.001

    Rent#$ro% $ri!e Ratio = 0.0015

    Month& Ban'alore Ho&in' Inde) Rate of Retrn of Inde)

    1 100 0.64%

    2 100.6442665256 0.64%

    3 101.2926838447 0.64%

    4 101.9452786996 0.64%

    5 102.6020780046 0.64%

    6 103.2631088478 0.64%

    7 103.9283984913 0.64%

    8 104.5979743734 0.64%

    9 105.2718641087 0.64%

    10 105.95009549 0.64%

    11 106.6326964891 0.64%

    12 107.3196952579 0.64%

    13 108.0111201297 0.64%

    14 108.7069996206 0.64%

    15 109.4073624302 0.64%

    16 110.1122374428 0.64%

    17 110.8216537292 0.64%

    18 111.5356405473 0.64%

    19 112.2542273434 0.64%

    20 112.9774437537 0.64%

    21 113.7053196053 0.64%

    22 114.4378849173 0.64%

    23 115.1751699024 0.64%

    24 115.9172049678 0.64%

    25 116.6640207168 0.64%26 117.4156479497 0.64%

    27 118.1721176652 0.64%

    28 118.9334610619 0.64%

    29 119.6997095392 0.64%

    30 120.470894699 0.64%

    31 121.2470483466 0.64%

    32 122.0282024923 0.64%

    33 122.8143893528 0.64%

    34 123.605641352 0.64%

    35 124.4019911229 0.64%36 125.2034715089 0.64%

    37 126.0101155646 0.64%

    Std. Dev of *1 =

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    26/56

    38 126.8219565581 0.64%

    39 127.6390279712 0.64%

    40 128.461363502 0.64%

    41 129.2889970654 0.64%

    42 130.1219627947 0.64%

    43 130.9602950434 0.64%

    44 131.8040283862 0.64%

    45 132.6531976204 0.64%

    46 133.5078377678 0.64%

    47 134.3679840756 0.64%

    48 135.233672018 0.64%

    49 136.1049372982 0.64%

    50 136.9818158488 0.64%

    51 137.8643438345 0.64%

    52 138.7525576525 0.64%

    53 139.6464939348 0.64%

    54 140.5461895494 0.64%

    55 141.4516816016 0.64%

    56 142.363007436 0.64%

    57 143.2802046377 0.64%

    58 144.203311034 0.64%

    59 145.1323646958 0.64%

    60 146.0674039393 0.64%

    61 147.0084673276 0.64%

    62 147.9555936724 0.64%

    63 148.9088220351 0.64%

    64 149.8681917291 0.64%

    65 150.8337423209 0.64%

    66 151.805513632 0.64%

    67 152.7835457403 0.64%

    68 153.7678789821 0.64%

    69 154.7585539534 0.64%

    70 155.755611512 0.64%

    71 156.7590927787 0.64%

    72 157.7690391393 0.64%

    72 158.7854922461 0.64%

    159.8084940202

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    27/56

    $ro%erty +

    ,)%. R. of Ret. ($ro%)" Rate of Retrn $ro% )$ro%erty ) $ri!e

    0.79% 0.79% 9700000

    0.74% 0.74% 9776528.73048859

    0.69% 0.69% 9848735.63985908

    0.64% 0.64% 9916516.35281515

    0.59% 0.59% 9979772.41055101

    0.54% 0.54% 10038411.5089832

    0.49% 0.49% 10092347.7231308

    0.44% 0.44% 10141501.7168814

    0.39% 0.39% 10185800.9374251

    0.34% 0.34% 10225179.793691

    0.29% 0.29% 10259579.8181707

    0.24% 0.24% 10288949.8115705

    0.19% 0.19% 10313245.9697922

    0.14% 0.14% 10332431.9927998

    0.09% 0.09% 10346479.1749954

    0.04% 0.04% 10355366.4767877

    -0.01% -0.01% 10359080.5771047

    -0.06% -0.06% 10357615.9066657

    -0.11% -0.11% 10350974.6618981

    -0.16% -0.16% 10339166.799448

    -0.21% -0.21% 10322210.0113065

    -0.26% -0.26% 10300129.680636

    -0.31% -0.31% 10272958.8184528

    -0.36% -0.36% 10240737.9813866

    -0.41% -0.41% 10203515.170803-0.46% -0.46% 10161345.7136409

    -0.51% -0.51% 10114292.1253792

    -0.56% -0.56% 10062423.9556067

    -0.61% -0.61% 10005817.6167301

    -0.66% -0.66% 9944556.19641069

    -0.71% -0.71% 9878729.25437306

    -0.76% -0.76% 9808432.60428249

    -0.81% -0.81% 9733768.08143353

    -0.86% -0.86% 9654843.29703834

    -0.91% -0.91% 9571771.37994413-0.96% -0.96% 9484670.70664682

    -1.01% -1.01% 9393664.62050213

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    28/56

    -1.06% -1.06% 9298881.14106512

    -1.11% -1.11% 9200452.66451576

    -1.16% -1.16% 9098515.6561498

    -1.21% -1.21% 8993210.33593234

    -1.26% -1.26% 8884680.35812549

    -1.31% -1.31% 8773072.48601087

    -1.36% -1.36% 8658536.26273348

    -1.41% -1.41% 8541223.67929457

    -1.46% -1.46% 8421288.84071868

    -1.51% -1.51% 8298887.631413

    -1.56% -1.56% 8174177.38072655

    -1.61% -1.61% 8047316.5297022

    -1.66% -1.66% 7918464.29999594

    -1.71% -1.71% 7787780.36591631

    -1.76% -1.76% 7655424.53051102

    -1.81% -1.81% 7521556.40659961

    -1.86% -1.86% 7386335.10361889

    -1.91% -1.91% 7249918.92111336

    -1.96% -1.96% 7112465.04966552

    -2.01% -2.01% 6974129.28002077

    -2.06% -2.06% 6835065.72111995

    -2.11% -2.11% 6695426.52770787

    -2.16% -2.16% 6555361.63814045

    -2.21% -2.21% 6415018.52296552

    -2.26% -2.26% 6274541.94480323

    -2.31% -2.31% 6134073.73000232

    -2.36% -2.36% 5993752.5524973

    -2.41% -2.41% 5853713.73024065

    -2.46% -2.46% 5714089.0345318

    -2.51% -2.51% 5575006.51251342

    -2.56% -2.56% 5436590.32305312

    -2.61% -2.61% 5298960.58617778

    -2.66% -2.66% 5162233.24617658

    -2.71% -2.71% 5026519.94843873

    -2.76% -2.76% 4891927.93004305

    -2.76% -2.76% 4758559.92406827

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    29/56

    Rental -y!le $ro. /f no ea&e $ro. /f ea&e ea&e Tri''er

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    30/56

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    31/56

    Rental Revene Maintainan!e -o&t $rot&

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -60000 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -60000 6000 -6000

    0 6000 -6000

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    32/56

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    0 6000 -6000

    -438000

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    33/56

    Monthly Mean Growth Rate of BHI = 0.70%

    Monthly Std. Deviation of Growth Rate of BHI 3.40%

    Beta_0 = 0.03%

    Beta_1 = 0.90

    Beta_2 (Tie De!ay" = 0.004%

    0.001

    Rent#$ro% $ri!e Ratio = 0.0040

    Month& Ban'alore Ho&in' Inde) Rate of Retrn of Inde)

    1 100 0.64%

    2 100.6442665256 0.64%

    3 101.2926838447 0.64%

    4 101.9452786996 0.64%

    5 102.6020780046 0.64%

    6 103.2631088478 0.64%

    7 103.9283984913 0.64%

    8 104.5979743734 0.64%

    9 105.2718641087 0.64%

    10 105.95009549 0.64%

    11 106.6326964891 0.64%

    12 107.3196952579 0.64%

    13 108.0111201297 0.64%

    14 108.7069996206 0.64%

    15 109.4073624302 0.64%

    16 110.1122374428 0.64%

    17 110.8216537292 0.64%

    18 111.5356405473 0.64%

    19 112.2542273434 0.64%

    20 112.9774437537 0.64%

    21 113.7053196053 0.64%

    22 114.4378849173 0.64%

    23 115.1751699024 0.64%

    24 115.9172049678 0.64%

    25 116.6640207168 0.64%26 117.4156479497 0.64%

    27 118.1721176652 0.64%

    28 118.9334610619 0.64%

    29 119.6997095392 0.64%

    30 120.470894699 0.64%

    31 121.2470483466 0.64%

    32 122.0282024923 0.64%

    33 122.8143893528 0.64%

    34 123.605641352 0.64%

    35 124.4019911229 0.64%36 125.2034715089 0.64%

    37 126.0101155646 0.64%

    Std. Dev of *1 =

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    34/56

    38 126.8219565581 0.64%

    39 127.6390279712 0.64%

    40 128.461363502 0.64%

    41 129.2889970654 0.64%

    42 130.1219627947 0.64%

    43 130.9602950434 0.64%

    44 131.8040283862 0.64%

    45 132.6531976204 0.64%

    46 133.5078377678 0.64%

    47 134.3679840756 0.64%

    48 135.233672018 0.64%

    49 136.1049372982 0.64%

    50 136.9818158488 0.64%

    51 137.8643438345 0.64%

    52 138.7525576525 0.64%

    53 139.6464939348 0.64%

    54 140.5461895494 0.64%

    55 141.4516816016 0.64%

    56 142.363007436 0.64%

    57 143.2802046377 0.64%

    58 144.203311034 0.64%

    59 145.1323646958 0.64%

    60 146.0674039393 0.64%

    61 147.0084673276 0.64%

    62 147.9555936724 0.64%

    63 148.9088220351 0.64%

    64 149.8681917291 0.64%

    65 150.8337423209 0.64%

    66 151.805513632 0.64%

    67 152.7835457403 0.64%

    68 153.7678789821 0.64%

    69 154.7585539534 0.64%

    70 155.755611512 0.64%

    71 156.7590927787 0.64%

    72 157.7690391393 0.64%

    72 158.7854922461 0.64%

    159.8084940202

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    35/56

    $ro%erty +

    ,)%. R. of Ret. ($ro%)" Rate of Retrn $ro% )$ro%erty ) $ri!e

    0.60% 0.60% 3300000

    0.60% 0.60% 3319991.6520167

    0.60% 0.60% 3339970.8134835

    0.59% 0.59% 3359935.80612423

    0.59% 0.59% 3379884.94330231

    0.58% 0.58% 3399816.53024143

    0.58% 0.58% 3419728.86424921

    0.58% 0.58% 3439620.23494369

    0.57% 0.57% 3459488.92448281

    0.57% 0.57% 3479333.20779663

    0.56% 0.56% 3499151.35282237

    0.56% 0.56% 3518941.62074223

    0.56% 0.56% 3538702.26622391

    0.55% 0.55% 3558431.53766379

    0.55% 0.55% 3578127.67743275

    0.54% 0.54% 3597788.92212457

    0.54% 0.54% 3617413.50280689

    0.54% 0.54% 3636999.64527462

    0.53% 0.53% 3656545.57030582

    0.53% 0.53% 3676049.49391998

    0.52% 0.52% 3695509.62763864

    0.52% 0.52% 3714924.17874833

    0.52% 0.52% 3734291.35056567

    0.51% 0.51% 3753609.34270482

    0.51% 0.51% 3772876.351346910.50% 0.50% 3792090.56951165

    0.50% 0.50% 3811250.18733098

    0.50% 0.50% 3830353.39232461

    0.49% 0.49% 3849398.36967763

    0.49% 0.49% 3868383.30251979

    0.48% 0.48% 3887306.37220678

    0.48% 0.48% 3906165.75860315

    0.48% 0.48% 3924959.64036691

    0.47% 0.47% 3943686.19523581

    0.47% 0.47% 3962343.600315190.46% 0.46% 3980930.03236725

    0.46% 0.46% 3999443.66810192

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    36/56

    0.46% 0.46% 4017882.6844689

    0.45% 0.45% 4036245.25895124

    0.45% 0.45% 4054529.56985999

    0.44% 0.44% 4072733.79663014

    0.44% 0.44% 4090856.12011767

    0.44% 0.44% 4108894.72289759

    0.43% 0.43% 4126847.78956308

    0.43% 0.43% 4144713.50702539

    0.42% 0.42% 4162490.06481481

    0.42% 0.42% 4180175.65538219

    0.42% 0.42% 4197768.47440135

    0.41% 0.41% 4215266.72107205

    0.41% 0.41% 4232668.59842354

    0.40% 0.40% 4249972.31361866

    0.40% 0.40% 4267176.07825832

    0.40% 0.40% 4284278.10868637

    0.39% 0.39% 4301276.62629475

    0.39% 0.39% 4318169.85782885

    0.38% 0.38% 4334956.03569305

    0.38% 0.38% 4351633.39825628

    0.38% 0.38% 4368200.19015764

    0.37% 0.37% 4384654.66261187

    0.37% 0.37% 4400995.07371473

    0.36% 0.36% 4417219.68874816

    0.36% 0.36% 4433326.7804851

    0.36% 0.36% 4449314.62949397

    0.35% 0.35% 4465181.52444269

    0.35% 0.35% 4480925.76240221

    0.34% 0.34% 4496545.64914939

    0.34% 0.34% 4512039.49946928

    0.34% 0.34% 4527405.63745657

    0.33% 0.33% 4542642.39681631

    0.33% 0.33% 4557748.12116367

    0.32% 0.32% 4572721.16432275

    0.32% 0.32% 4587559.89062434

    0.32% 0.32% 4602262.67520261

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    37/56

    Rental -y!le $ro. /f no ea&e $ro. /f ea&e ea&e Tri''er

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    38/56

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    39/56

    Rental Revene Maintainan!e -o&t $rot&

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -40000 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -40000 4000 -4000

    0 4000 -4000

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    40/56

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    -292000

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    41/56

    Monthly Mean Growth Rate of BHI = 0.70%

    Monthly Std. Deviation of Growth Rate of BHI 3.40%

    Beta_0 = 0.004%

    Beta_1 = 0.50

    Beta_2 (Tie De!ay" = 0.04%

    0.003

    Rent#$ro% $ri!e Ratio = 0.0050

    Month& Ban'alore Ho&in' Inde) Rate of Retrn of Inde)

    1 100 0.64%

    2 100.6442665256 0.64%

    3 101.2926838447 0.64%

    4 101.9452786996 0.64%

    5 102.6020780046 0.64%

    6 103.2631088478 0.64%

    7 103.9283984913 0.64%

    8 104.5979743734 0.64%

    9 105.2718641087 0.64%

    10 105.95009549 0.64%

    11 106.6326964891 0.64%

    12 107.3196952579 0.64%

    13 108.0111201297 0.64%

    14 108.7069996206 0.64%

    15 109.4073624302 0.64%

    16 110.1122374428 0.64%

    17 110.8216537292 0.64%

    18 111.5356405473 0.64%

    19 112.2542273434 0.64%

    20 112.9774437537 0.64%

    21 113.7053196053 0.64%

    22 114.4378849173 0.64%

    23 115.1751699024 0.64%

    24 115.9172049678 0.64%

    25 116.6640207168 0.64%26 117.4156479497 0.64%

    27 118.1721176652 0.64%

    28 118.9334610619 0.64%

    29 119.6997095392 0.64%

    30 120.470894699 0.64%

    31 121.2470483466 0.64%

    32 122.0282024923 0.64%

    33 122.8143893528 0.64%

    34 123.605641352 0.64%

    35 124.4019911229 0.64%36 125.2034715089 0.64%

    37 126.0101155646 0.64%

    Std. Dev of *1 =

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    42/56

    38 126.8219565581 0.64%

    39 127.6390279712 0.64%

    40 128.461363502 0.64%

    41 129.2889970654 0.64%

    42 130.1219627947 0.64%

    43 130.9602950434 0.64%

    44 131.8040283862 0.64%

    45 132.6531976204 0.64%

    46 133.5078377678 0.64%

    47 134.3679840756 0.64%

    48 135.233672018 0.64%

    49 136.1049372982 0.64%

    50 136.9818158488 0.64%

    51 137.8643438345 0.64%

    52 138.7525576525 0.64%

    53 139.6464939348 0.64%

    54 140.5461895494 0.64%

    55 141.4516816016 0.64%

    56 142.363007436 0.64%

    57 143.2802046377 0.64%

    58 144.203311034 0.64%

    59 145.1323646958 0.64%

    60 146.0674039393 0.64%

    61 147.0084673276 0.64%

    62 147.9555936724 0.64%

    63 148.9088220351 0.64%

    64 149.8681917291 0.64%

    65 150.8337423209 0.64%

    66 151.805513632 0.64%

    67 152.7835457403 0.64%

    68 153.7678789821 0.64%

    69 154.7585539534 0.64%

    70 155.755611512 0.64%

    71 156.7590927787 0.64%

    72 157.7690391393 0.64%

    72 158.7854922461 0.64%

    159.8084940202

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    43/56

    $ro%erty +

    ,)%. R. of Ret. ($ro%)" Rate of Retrn $ro% )$ro%erty ) $ri!e

    0.29% 0.29% 6000000

    0.25% 0.25% 6017130.40779303

    0.21% 0.21% 6031896.48285537

    0.17% 0.17% 6044280.59811065

    0.13% 0.13% 6054267.94766656

    0.09% 0.09% 6061846.57631293

    0.05% 0.05% 6067007.40336983

    0.01% 0.01% 6069744.24081921

    -0.03% -0.03% 6070053.80566933

    -0.07% -0.07% 6067935.72651746

    -0.11% -0.11% 6063392.54429243

    -0.15% -0.15% 6056429.70717499

    -0.19% -0.19% 6047055.55971015

    -0.23% -0.23% 6035281.32614203

    -0.27% -0.27% 6021121.08801771

    -0.31% -0.31% 6004591.75612279

    -0.35% -0.35% 5985713.03682672

    -0.39% -0.39% 5964507.3929319

    -0.43% -0.43% 5940999.9991353

    -0.47% -0.47% 5915218.69222613

    -0.51% -0.51% 5887193.91615773

    -0.55% -0.55% 5856958.66214512

    -0.59% -0.59% 5824548.4039533

    -0.63% -0.63% 5790001.02855394

    -0.67% -0.67% 5753356.76234025-0.71% -0.71% 5714658.09310093

    -0.75% -0.75% 5673949.68796515

    -0.79% -0.79% 5631278.30754017

    -0.83% -0.83% 5586692.71647265

    -0.87% -0.87% 5540243.59067262

    -0.91% -0.91% 5491983.42144727

    -0.95% -0.95% 5441966.41679784

    -0.99% -0.99% 5390248.40013917

    -1.03% -1.03% 5336886.70670604

    -1.07% -1.07% 5281940.07791505-1.11% -1.11% 5225468.5539534

    -1.15% -1.15% 5167533.36486865

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    44/56

    -1.19% -1.19% 5108196.82043488

    -1.23% -1.23% 5047522.19907092

    -1.27% -1.27% 4985573.63608638

    -1.31% -1.31% 4922416.01152957

    -1.35% -1.35% 4858114.83790965

    -1.39% -1.39% 4792736.14806206

    -1.43% -1.43% 4726346.38342289

    -1.47% -1.47% 4659012.28297302

    -1.51% -1.51% 4590800.77310768

    -1.55% -1.55% 4521778.8586809

    -1.59% -1.59% 4452013.51546782

    -1.63% -1.63% 4381571.58427991

    -1.67% -1.67% 4310519.66696067

    -1.71% -1.71% 4238924.02448004

    -1.75% -1.75% 4166850.4773372

    -1.79% -1.79% 4094364.308471

    -1.83% -1.83% 4021530.16886756

    -1.87% -1.87% 3948411.98604364

    -1.91% -1.91% 3875072.8755734

    -1.95% -1.95% 3801575.05581471

    -1.99% -1.99% 3727979.76597968

    -2.03% -2.03% 3654347.18768188

    -2.07% -2.07% 3580736.37008089

    -2.11% -2.11% 3507205.15873218

    -2.15% -2.15% 3433810.12823838

    -2.19% -2.19% 3360606.51878512

    -2.23% -2.23% 3287648.17663248

    -2.27% -2.27% 3214987.4986205

    -2.31% -2.31% 3142675.3807349

    -2.35% -2.35% 3070761.170767

    -2.39% -2.39% 2999292.6250895

    -2.43% -2.43% 2928315.8695583

    -2.47% -2.47% 2857875.36453856

    -2.51% -2.51% 2788013.87404194

    -2.55% -2.55% 2718772.43895098

    -2.55% -2.55% 2650190.35429572

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    45/56

    Rental -y!le $ro. /f no ea&e $ro. /f ea&e ea&e Tri''er

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    46/56

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    47/56

    Rental Revene Maintainan!e -o&t $rot&

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?0 #N!"? #N!"?

    0 #N!"? #N!"?

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    48/56

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    0 #N!"? #N!"?

    #N!"?

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    49/56

    Monthly Mean Growth Rate of BHI = 0.70%

    Monthly Std. Deviation of Growth Rate of BHI 3.40%

    Beta_0 = 0.00%

    Beta_1 = 1.00

    Beta_2 (Tie De!ay" = 0.015%

    0.002

    Rent#$ro% $ri!e Ratio = 0.0025

    Month& Ban'alore Ho&in' Inde) Rate of Retrn of Inde)

    1 100 0.64%

    2 100.6442665256 0.64%

    3 101.2926838447 0.64%

    4 101.9452786996 0.64%

    5 102.6020780046 0.64%

    6 103.2631088478 0.64%

    7 103.9283984913 0.64%

    8 104.5979743734 0.64%

    9 105.2718641087 0.64%

    10 105.95009549 0.64%

    11 106.6326964891 0.64%

    12 107.3196952579 0.64%

    13 108.0111201297 0.64%

    14 108.7069996206 0.64%

    15 109.4073624302 0.64%

    16 110.1122374428 0.64%

    17 110.8216537292 0.64%

    18 111.5356405473 0.64%

    19 112.2542273434 0.64%

    20 112.9774437537 0.64%

    21 113.7053196053 0.64%

    22 114.4378849173 0.64%

    23 115.1751699024 0.64%

    24 115.9172049678 0.64%

    25 116.6640207168 0.64%26 117.4156479497 0.64%

    27 118.1721176652 0.64%

    28 118.9334610619 0.64%

    29 119.6997095392 0.64%

    30 120.470894699 0.64%

    31 121.2470483466 0.64%

    32 122.0282024923 0.64%

    33 122.8143893528 0.64%

    34 123.605641352 0.64%

    35 124.4019911229 0.64%36 125.2034715089 0.64%

    37 126.0101155646 0.64%

    Std. Dev of *1 =

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    50/56

    38 126.8219565581 0.64%

    39 127.6390279712 0.64%

    40 128.461363502 0.64%

    41 129.2889970654 0.64%

    42 130.1219627947 0.64%

    43 130.9602950434 0.64%

    44 131.8040283862 0.64%

    45 132.6531976204 0.64%

    46 133.5078377678 0.64%

    47 134.3679840756 0.64%

    48 135.233672018 0.64%

    49 136.1049372982 0.64%

    50 136.9818158488 0.64%

    51 137.8643438345 0.64%

    52 138.7525576525 0.64%

    53 139.6464939348 0.64%

    54 140.5461895494 0.64%

    55 141.4516816016 0.64%

    56 142.363007436 0.64%

    57 143.2802046377 0.64%

    58 144.203311034 0.64%

    59 145.1323646958 0.64%

    60 146.0674039393 0.64%

    61 147.0084673276 0.64%

    62 147.9555936724 0.64%

    63 148.9088220351 0.64%

    64 149.8681917291 0.64%

    65 150.8337423209 0.64%

    66 151.805513632 0.64%

    67 152.7835457403 0.64%

    68 153.7678789821 0.64%

    69 154.7585539534 0.64%

    70 155.755611512 0.64%

    71 156.7590927787 0.64%

    72 157.7690391393 0.64%

    72 158.7854922461 0.64%

    159.8084940202

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    51/56

    $ro%erty +

    ,)%. R. of Ret. ($ro%)" Rate of Retrn $ro% )$ro%erty ) $ri!e

    0.63% 0.63% 9500000

    0.61% 0.61% 9559771.24668972

    0.60% 0.60% 9618475.67717574

    0.58% 0.58% 9676089.07629893

    0.57% 0.57% 9732587.57444139

    0.55% 0.55% 9787947.6639591

    0.54% 0.54% 9842146.21543948

    0.52% 0.52% 9895160.49376827

    0.51% 0.51% 9946968.17398998

    0.49% 0.49% 9997547.35694659

    0.48% 0.48% 10046876.5846791

    0.46% 0.46% 10094934.8555771

    0.45% 0.45% 10141701.6392606

    0.43% 0.43% 10187156.8911805

    0.42% 0.42% 10231281.0669225

    0.40% 0.40% 10274055.1362

    0.39% 0.39% 10315460.5965223

    0.37% 0.37% 10355479.4865248

    0.36% 0.36% 10394094.3989471

    0.34% 0.34% 10431288.4932454

    0.33% 0.33% 10467045.5078281

    0.31% 0.31% 10501349.7719007

    0.30% 0.30% 10534186.2169081

    0.28% 0.28% 10565540.3875636

    0.27% 0.27% 10595398.45245190.25% 0.25% 10623747.214196

    0.24% 0.24% 10650574.119178

    0.22% 0.22% 10675867.2668027

    0.21% 0.21% 10699615.4182949

    0.19% 0.19% 10721808.0050218

    0.18% 0.18% 10742435.1363307

    0.16% 0.16% 10761487.6068959

    0.15% 0.15% 10778956.9035639

    0.13% 0.13% 10794835.2116936

    0.12% 0.12% 10809115.42098210.10% 0.10% 10821791.1307705

    0.09% 0.09% 10832856.6548257

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    52/56

    0.07% 0.07% 10842307.0255916

    0.06% 0.06% 10850137.9979049

    0.04% 0.04% 10856346.0521739

    0.03% 0.03% 10860928.3970147

    0.01% 0.01% 10863882.9713426

    0.00% 0.00% 10865208.4459174

    -0.02% -0.02% 10864904.22434

    -0.03% -0.03% 10862970.4434997

    -0.05% -0.05% 10859407.9734713

    -0.06% -0.06% 10854218.4168628

    -0.08% -0.08% 10847404.1076141

    -0.09% -0.09% 10838968.1092472

    -0.11% -0.11% 10828914.2125714

    -0.12% -0.12% 10817246.9328439

    -0.14% -0.14% 10803971.5063905

    -0.15% -0.15% 10789093.8866889

    -0.17% -0.17% 10772620.7399193

    -0.18% -0.18% 10754559.4399862

    -0.20% -0.20% 10734918.0630179

    -0.21% -0.21% 10713705.3813476

    -0.23% -0.23% 10690930.8569844

    -0.24% -0.24% 10666604.6345791

    -0.26% -0.26% 10640737.5338942

    -0.27% -0.27% 10613341.0417834

    -0.29% -0.29% 10584427.3036915

    -0.30% -0.30% 10554009.1146813

    -0.32% -0.32% 10522099.9099987

    -0.33% -0.33% 10488713.7551838

    -0.35% -0.35% 10453865.3357404

    -0.36% -0.36% 10417569.946372

    -0.38% -0.38% 10379843.4797978

    -0.39% -0.39% 10340702.4151582

    -0.41% -0.41% 10300163.8060229

    -0.42% -0.42% 10258245.2680133

    -0.44% -0.44% 10214964.9660517

    -0.44% -0.44% 10170341.6012501

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    53/56

    Rental -y!le $ro. /f no ea&e $ro. /f ea&e ea&e Tri''er

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 00 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    54/56

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

    0 0.5 0.5 0

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    55/56

    Rental Revene Maintainan!e -o&t $rot&

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -40000 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -40000 4000 -4000

    0 4000 -4000

  • 8/10/2019 Property Lease - Spreadsheet Modelling

    56/56

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    0 4000 -4000

    $ta &e'enue -292000