Glossary
AFSL = Australian financial services license
AIFRS = Australian equivalents to International Financial Accounting Standards
A-REIT = ASX listed Australian Real Estate Investment Trust
ASX = Australian Securities Exchange
AUM= Assets under management
BOSI = Bank of Scotland International (Australia)
Cap rates = Capitalisation rates
Capex = Capital expenditure
CBA= Commonwealth Bank of Australia
CBD= Central business district
CEO = Chief Executive Officer
EBITDA =Earnings Before Interest, Tax, Depreciation and Amortisation
FUM =Funds under management
GDP = Gross domestic product
GLA =Gross lettable area
ICR =Interest cover ratio
LVR =Loan to value ratio
NAB= National Australia Bank
NAV= Net asset value
Non-discretionary spending =Essential retail spending
NPAT =Net profit after tax
NTA =Net tangible assets
RBA =Reserve Bank of Australia
REIT =Real Estate Investment Trust
Sublease =A lease extended to another tenant that is under the main (head) lease agreement
WALE =Weighted average remaining lease expiry term