INREV expense metrics
|
2025 |
2024 |
|
|
Total Expense Ratio (NAV) |
0.41% |
0.40% |
|
Total Expense Ratio (GAV) |
0.31% |
0.30% |
|
Real Estate Expense Ratio (GAV) |
0.96% |
1.05% |
The increase in ratio of the Total Expense Ratio (both NAV and GAV) from 2024 to 2025 is mainly due to the increase of the fund expenses in 2025.
Fund expenses are the management expenses in the consolidated statement of comprehensive income. Property-specific expenses are the property operating expenses, including non-recoverable service charges in the consolidated statement of comprehensive income.
The weighted average INREV NAV is calculated as the closing INREV net asset value of five individual quarters (Q4 2024 – Q4 2025), divided by five. The quarterly figures for Q1, Q2 and Q3 2025 are unaudited.
The weighted average INREV GAV is calculated as the closing INREV gross asset value of five individual quarters (Q4 2024 – Q4 2025), divided by five. The quarterly figures for Q1, Q2 and Q3 2025 are unaudited.
The Total Expense Ratio (NAV) is calculated by dividing the Fund expenses by the weighted average INREV net asset value.
The Total Expense Ratio (GAV) is calculated by dividing the Fund expenses by the weighted average INREV gross asset value.
The Real Estate Expense Ratio (GAV) is calculated by dividing the property-specific expenses by the weighted average INREV gross asset value.