Key Indicators presents project performance as metrics and benchmarks rather than a line-by-line feasibility. All figures are GST exclusive.
Three Sections
Project Returns: project timeline, profit, and margin on revenue and cost, each shown across pre-funding and post-funding positions
Funding Stack: ordinary and preferred equity commitments, debt facilities, LTC ratios against development costs and project costs, and debt measured against both GRV and NRV
Project Benchmarks: land, development and total project cost per lot, average net sales revenue per lot and per saleable m², and area measures
Reading the Funding Ratios
Debt is shown against two bases. Debt to GRV (Gross) measures against sales revenue including GST. Debt to NRV measures against sales revenue excluding GST and after settlement costs. Lenders differ in which they use, so check which basis a term sheet refers to before comparing.
When to Use It
Benchmarking a project against comparable deals, or checking whether returns and leverage sit within acceptable ranges. The per lot and per m² benchmarks are the fastest way to sense-check whether a feasibility is realistic.
All scenarios in the project display side by side.
