Tenant Improvements (TI)

A capital expense used to improve the physical space occupied by a new or re-leasing tenant. Tenant improvements are amortized over the term of the lease or the life of the asset, whichever is longer.

Same Property

Properties owned in the current year which were also owned in the 12 calendar months of the prior year; same property may be restated during the year to account for any disposition activity.

Rental Dollars

Total annual revenues to be earned the first year from renewed or re-leased space.

Occupancy Cost Percent

Tenants' occupancy cost as a percentage of their gross sales.

Occupancy Rate

Total square feet (units) rented divided by net rentable square feet (units) on the date indicated.