Reference
Real estate portfolio management glossary
Plain definitions of the terms institutional real estate teams and their advisers use around portfolio data, reporting and Swiss regulation.
- Portfolio management (real estate)
- Managing a collection of properties and vehicles as one whole — consolidating performance, risk and reporting across assets, entities and stakeholders, above the level of any single property.
- Asset management (real estate)
- Maximising the value and performance of individual assets and the portfolio: strategy, budgeting, leasing performance, capital expenditure and reporting to owners.
- Property management
- Day-to-day operational management of buildings — tenancies, rent collection, maintenance and local accounting. Usually the source of the raw data that flows up to asset and portfolio management.
- Single source of truth
- One consolidated, validated dataset that all stakeholders rely on, rather than multiple inconsistent spreadsheets and system extracts.
- Data consolidation
- Bringing rental, financial, vacancy and cost data from multiple systems and property managers into one structured, comparable dataset.
- Validation controls
- Automated rules that check incoming data for completeness and consistency before it enters reporting, catching errors at the point of submission.
- Audit trail
- A logged record of who changed or approved what data, and when — supporting review, governance and audit preparation.
- NAV (Net Asset Value)
- The value of a fund or vehicle's assets less its liabilities; a core reported figure for real estate funds and investment foundations.
- WAULT / WALT
- Weighted Average Unexpired Lease Term — the average time remaining on leases across a portfolio, weighted by rent. A key indicator of income durability.
- Rental loss
- The gap between theoretical (potential) rent and rent actually collected, from vacancy or non-payment.
- Vacancy rate
- The share of lettable space or units not generating rent in a given period.
- DCF (Discounted Cash Flow)
- A valuation method projecting future cash flows and discounting them to present value; widely used for real estate investment appraisal.
- FPRE
- A Swiss reference for real estate data and valuation benchmarks; reporting outputs are often expected in FPRE-compatible formats.
- FINMA
- The Swiss Financial Market Supervisory Authority, which sets supervisory and reporting expectations for regulated fund and asset managers.
- CISA / KAG
- The Swiss Collective Investment Schemes Act (Kollektivanlagengesetz) governing collective investment vehicles, including real estate funds.
- AMAS
- The Asset Management Association Switzerland — self-regulation and valuation and reporting guidelines for real estate funds and investment foundations.
- Anlagestiftung
- A Swiss investment foundation for occupational pension assets, supervised by the OAK BV, with its own reporting cadence and standards.
- INREV
- European association for investors in non-listed real estate vehicles, whose standards cover NAV, performance and transparency reporting.
- AIFMD
- The EU Alternative Investment Fund Managers Directive, whose reporting obligations shape how AIFMs report on real estate funds.
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