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
Seminar | Product |
Integrating Financial Statements into Real Estate Pro Forma Models Session 1 | Live Event + Archive |
Integrating Financial Statements into Real Estate Pro Forma Models Session 2 | Live Event + Archive |
Integrating Financial Statements into Real Estate Pro Forma Models Session 2 | Live Event + Archive |
Integrating Financial Statements into Real Estate Pro Forma Models Session 3 | Live Event + Archive |
Integrating Financial Statements into Real Estate Pro Forma Models Session 4 | Live Event + Archive |