Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Equity multiple (Net)

Current equity multiple (Net) = [Total return of capital + Total Income/Interest/Dividend distributions + Fair value of vehicle (NAV)] / Total capital drawn down.
This uses as a numerator the aggregate of the cash flows used to calculate the IRR since inception net and as a denominator the Total capital drawn down since inception (for the avoidance of doubt, not Total capital commitments drawn).

Source: INREV | Date: 23 March 2020 | ID: D0151 | Version: 3