Ongoing Rental Loss for Blocked Units

Net Vacancy Rate (units) measures the share of rental units that are unleased, adjusted to exclude units blocked from leasing (e.g., due to renovation, planned refurbishment, or other restrictions). This provides a more accurate view of actual vacancy levels.

The key figure is an important metric that shows how many of your rental properties are currently not rented and are therefore empty on the current day. This key figure gives you insights into how well your properties or spaces are used and can be useful for landlords, managers and management alike. A high value of this ratio can indicate that a number of your rental properties are not rented, which can negatively affect your revenue stream and profitability. It can be a warning sign that requires measures to increase the occupancy rate, such as marketing, price adjustments or maintenance improvements to make the properties more attractive to tenants. On the other hand, if the value of the ratio is low, it indicates that a large number of your rental properties are leased and your inventory is being fully utilized, which is positive for your revenue stream and business performance. It can still be valuable to monitor regularly to ensure that you continue to maximize the lettings of your properties and minimize vacancies. In summary, the key figure gives you insights into how well your properties are rented out and about the necessary measures to optimize the rental rate and the income stream. It is a useful metric for effectively managing real estate portfolios and business operations. In Homepal, vacancy is defined as non-rented. Thus, rental objects that are empty, blocked or similar are also included in this value.

Rental Loss represents the lost income for a unit during the days it remains unleased. The metric is based on potential vacancy rent, which corresponds to the contracted rent level had the unit been leased. It therefore estimates the revenue shortfall caused by vacancy. 👉 Difference from Recognized Rental Loss: Rental Loss is a calculated metric, showing the theoretical daily revenue loss. Recognized Rental Loss, on the other hand, is the amount actually recorded in the accounts, reflecting the income statement impact. Together, the two metrics provide both a forecast-oriented (Rental Loss) and an accounting-oriented (Recognized Rental Loss) perspective.

Ongoing Vacancy Duration after Lease Expiry/Block Expiry measures how long a unit has remained vacant since its most recent lease ended or a leasing block expired. The metric counts day by day up to the current date, as long as no new lease has commenced. This provides an up-to-date view of ongoing vacancies regardless of whether they originated from a lease expiry or the end of a block period.

Ongoing Rental Loss after Lease Expiry/Block Expiry shows the accumulated rental income loss from the date a lease ended or a leasing block expired until today, for units that remain vacant. The calculation is made day by day based on potential vacancy rent.

Ongoing Rental Loss after Lease Expiry represents the cumulative income shortfall that accrues day by day since the most recent lease ended. The metric applies only to units that remain unleased and is based on potential vacancy rent.