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Hi all,
I have probably missed it somewhere I am trying to do the first assignment and I keep stumbling on the following “Grow Yr 1 from T12.” What does “T12” refer to? It is a small thing but it appears several times.Thank you.
Otherwise, I understood LTL and MR and so forth.
Regards,
SlaffT12 refers to the “trailing 12 months”, which is the term for historical operating data from the past 12 consecutive months. Outside of real estate it’s more commonly referred to as TTM, but T12 (at least in the U.S.) is more commonly used in real estate
You’ll also see T1, T3, T6 used to refer to the annualized trailing one month, three month, and six month historicals.
Thank you for this explicit explanation, Spencer.
Slaff
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