Integrating Financial Statements into Real Estate Pro Forma Models

Integrating Financial Statements into Real Estate Pro Forma Models

June 11, 13, 18, and 20, 2018                                                                                                                           

1:30 – 3:30 p.m.

Typical real estate pro forma models are limited in their ability to fully analyze property income streams. Held over four sessions, this new ULI financial modeling program will take attendees through the steps of how to integrate GAAP financial statements into their real estate pro forma for more comprehensive analyses.

Session 1:

The first session will provide a general overview of US GAAP statements (Balance Sheet, Income Statements, Statement of Cash Flow). The session will explain the information each statement provides, how the statements are utilized, and the difference between each statement.

Highlights

Financial statement overview

Balance sheet overview

Income statement overview

Statement of cash flow overview

Discussion of financial statement analysis and introduction to ratios

 

Session 2:

This session will introduce the development of the balance sheet for its eventual integration into the basic pro forma model.

Highlights

Understand the characteristics of the balance sheet

Learn how the balance sheet structure is incorporated into the pro forma

Identify the specific information utilized within the balance sheet to analyze project performance

 

Session 3:

This session will focus on developing the Income Statement for the real estate pro forma model. The Income Statement structure will be constructed, and comparisons with traditional cash flow for the real estate pro forma will be addressed.

Highlights

Understand the characteristics of the Income Statement

Learn how to incorporate the Income Statement into the real estate pro forma model

Identify the specific information utilized within the Income Statement to analyze project performance

 

Session 4:

The final session will cover the construction of The Statement of Cash Flow for inclusion in the the pro forma model, highlighting the analytical advantages of this process. The session will provide an overall summary to the program and demonstrate the interdependence of the Balance Sheet, Income Statement, and Statement of Cash Flow within the real estate pro forma model. The higher level of financial analysis allowed by this integration will be demonstrated and explained.

Highlights

Understand the characteristics of a Cash Flow Statement

Learn how to incorporate the Cash Flow Statement into the real estate pro forma model

Identify the specific information utilized with the Cash Flow Statement to analyze project performance

Tie the entire model together and explain how the financial statements effectively integrate together to allow more comprehensive financial analysis.

 

Instructor

Roger Staiger
Owner
P(Gain), LLC

Staiger is owner of P(Gain), LLC, an international real estate investment and advisory firm with offices in Washington DC and New Castle, Nevis. P(Gain), LLC develops, owns and manages investments in the DC metropolitan area and the Caribbean.

During his 20-year career Mr. Staiger has worked in a number of industries at senior levels. He was Managing Director for a Fortune 500 Energy Company’s retail commodity division, CFO for America’s Best Mid-Sized Builder 2006, and a Portfolio Manager for a large commingled pension fund in New York.

Mr. Staiger holds multiple degrees including BS Electrical Engineering, MBA Investments, MA International Transactions, and a MS Finance

Mr. Staiger provides numerous capital market and economic presentations to organizations internationally. He also appears regularly on television and is often quoted in national periodicals. Mr. Staiger is recognized globally as an expert in Financial Modelling having authored the leading text on the subject, Foundations of Real Estate Financial Modelling, Routledge, 2015. Global interest and sales have warranted a second edition which is expected mid-2018.

Registration

ULI Members: $375
Nonmembers: $495

 

Subscription Information
{P0} Member Price:
$375.00
Non-Member Price:
$495.00
Included Content
Seminar Product
Integrating Financial Statements into Real Estate Pro Forma Models Session 1Live Event + Archive
Integrating Financial Statements into Real Estate Pro Forma Models Session 2Live Event + Archive
Integrating Financial Statements into Real Estate Pro Forma Models Session 2Live Event + Archive
Integrating Financial Statements into Real Estate Pro Forma Models Session 3Live Event + Archive
Integrating Financial Statements into Real Estate Pro Forma Models Session 4Live Event + Archive
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