The result has been lousy operating earnings for property owners and thus falling prices.
The return is the annual rental value, minus operating costs like property taxes, heating bills, lawn care and insurance.
"Free broadband is a brilliant marketing hook, " says Robert Fenza, chief operating officer of Liberty Property.
Craig Tice, chief operating officer of LB Property Management in Sherman Oaks, Calif.
This makes broadband services fundamentally different from products like shoes or cans of soda that can be built in factories operating entirely on private property.
Free cash flow is calculated as GAAP net cash provided by operating activities less purchases of property and equipment and intangible assets.
ENGADGET: NVIDIA posts Q4 2013 earnings: $1.1 billion in revenue, $174 million in profit
Microsoft claims that Google's Android operating system infringes its intellectual property rights.
Total occupancy cost is the sum of base rent, property tax and other operating expenses that prospective tenants would have to pay annually per square foot.
Consider: Since March of 2001 Cytyc's free cash flow (operating cash flow less spending on property, plant and equipment) has increased from 26 cents per share to 83 cents per share.
From that, subtract operating costs--insurance, property tax and maintenance.
New construction activity will inch upward, operating income will be a little better, and property values will level off.
FORBES: Real Estate Forecast 2013-2014: Commercial Properties
Thus the operating income gains will not translate into further increases in property values.
FORBES: Real Estate Forecast 2013-2014: Commercial Properties
One measure of how expensive REITs have become is capitalization rates, defined as net operating income (profit after operating expenses but before debt service) divided by a property's value.
The Greenwich, Conn. company is now the ninth-largest commercial property casualty insurer in the U.S., operating in all 50 states.
"We have an ongoing strategic process in place where we keep a running analysis of what users would be interested in each property, " said Rick Sokolov, Simon's president and chief operating officer.
With Lebanon now aboil, Washington should immediately impose other punitive measures permitted by the legislation, such as banning U.S. businesses from investing or operating in Syria, prohibiting U.S. citizens and residents from engaging in any property transactions with the Syrian government and restricting the travel of Syrian diplomats in the U.S. to within a 25-mile radius of their posts.
First-class existing buildings are priced to yield only around 5% to an all-cash buyer, says research firm Green Street Advisors. (The return they talk about is rent minus the costs of operating and maintaining the building and leasing any empty space.) But a skillfully developed new property can bag an annual cash return of up to 10% of its construction costs.
When he left in 1995 to become chief operating officer of MBf Capital, Leisure Holidays had become a fast-growing operation selling time-share property across Asia.
Yes, I perform due diligence, but the property has to excite me in terms of entrepreneurial dynamics, its place in the macro environment and special operating competence.
Of the 90 publicly listed Chinese property developers listed on the Shanghai and Shenzhen stock exchanges, almost two-thirds of them reported negative operating cash flows for the first half of 2010.
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