Forward 12

"Forward 12" is a term used in financial analysis that refers to a company's financial data for the upcoming or forward-looking 12 months. It's essentially a forecast of the company's performance over the next year based on current and historical data.

In real estate, the term "Forward 12" is often used in the context of projecting a property's financial performance. For instance, a "Forward 12" rent roll would provide an estimate of the rental income expected to be generated by the property over the next 12 months. This could be based on current leases, expected renewals, projected new leases, and market rent trends.

Similarly, "Forward 12" operating expenses would project the property's expenses over the next year based on current costs, anticipated increases or decreases (such as due to inflation or planned cost-saving measures), and any known or expected changes (like a planned major repair).

These "Forward 12" projections are crucial components of real estate financial modeling and investment analysis. They help investors and lenders assess a property's potential profitability and make informed investment decisions.