Sentences with phrase «real capital costs»

By stimulating growth and enabling an inflation increase that would permit a reduction in real capital costs, fiscal expansion now would crowd investment in rather than out.

Not exact matches

Their costs for capital, labour, land, energy and other resources are subsidized such that they generate huge retained earnings, much of which is being reinvested in foreign real assets like Canada's oilpatch, says U of T's Dobson.

Given the average inflation rate of -0.2 percent during that interval, real short - and long - term interest rates of 0.5 percent and 1.7 percent indicate an easy credit stance and a low cost of capital.

Of course, we don't know how quickly the P / E will fall to 17, the market's «Appointment in Samarra» scenario if the cost of capital is really a real 6 %.

(The increase in the cost of capital would come from a combination of a rise in the risk - free real rate, and the ERP.)

At the cost of capital of 6 % real, those retained would generate overall real profit growth ---- and hence capital gains ---- of 3 % (that's 50 % of annual earnings at a 6 % inflation - adjusted return), plus 2 % inflation.

So it's simply the real cost of capital of 3 % minus the real risk free rate of.5 %, or 2.5 %.

By pure logic, if the expected return, meaning the real cost of capital, is really 8 %, then today's P / E must be not the a sustainable number as the bulls argue, but an ephemeral peak that's set to fall sharply.

And in the long - term, a real cost of capital of 6 % necessitates a P / E at half today's levels.

At those prices, the real earnings yield, and the cost of capital, would jump to around 6 % (or 8 % including expected inflation).

But if the bulls are even predicting 8 % gains, what they're really arguing is that the real cost of capital isn't 3 % real, but double that number at 6 %.

Second, unlike real estate developers, Marriott benefits from minimal interest expense and depreciation (a function of capital costs).

«The healthiest thing that could possibly happen is a dramatic increase in the real cost of capital and a return to an appreciation for sound business execution,» Gurley concluded.

Item 7 gives a range of how much it likely will cost to start the business: the franchise fee, plus additional costs such as real estate, equipment, supplies, business licenses and working capital.

Excess saving means that very low real interest costs are likely to persist, reducing the capital cost of infrastructure investment.

Whether you need money to purchase real estate, cover construction costs or to use as working capital, SBA loans offer attractive repayment terms and low interest rates.

To the extent that the real estate industry (and also stock - market investors and securities owners in general) would be able to «index» the cost of their investment to a construction - price index, their capital gains would be rendered tax - exempt.

In a letter to HBC shareholders, Land & Buildings founder Jonathan Litt said that selling properties «at or above the Company's stated NAV is likely the optimal and lowest cost option for raising capital — and further underscores the real estate value of the Company.»

This is THE big variable that will tell us, retroactively, the real cost of this capital.

In the short run, the result is likely to be a fall in real rates, which would bolster liquidity conditions, provide a constructive cost of capital and, thus, help to weaken the yen.

But, often times, raising capital is necessary — especially if your business will require an investment in staff, equipment, real estate, and other high cost components.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

Included in the PowerPoint: Macroeconomic Objectives (AS Level) a) Aggregate Demand (AD) and Aggregate Supply (AS) analysis - the shape and determinants of AD and AS curves; AD = C+I+G + (X-M)- the distinction between a movement along and a shift in AD and AS - the interaction of AD and AS and the determination of the level of output, prices and employment b) Inflation - the definition of inflation; degrees of inflation and the measurement of inflation; deflation and disinflation - the distinction between money values and real data - the cause of inflation (cost - push and demand - pull inflation)- the consequences of inflation c) Balance of payments - the components of the balance of payments accounts (using the IMF / OECD definition): current account; capital and financial account; balancing item - meaning of balance of payments equilibrium and disequilibrium - causes of balance of payments disequilibrium in each component of the accounts - consequences of balance of payments disequilibrium on domestic and external economy d) Exchange rates - definitions and measurement of exchange rates - nominal, real, trade - weighted exchange rates - the determination of exchange rates - floating, fixed, managed float - the factors underlying changes in exchange rates - the effects of changing exchange rates on the domestic and external economy using AD, Marshall - Lerner and J curve analysis - depreciation / appreciation - devaluation / revaluation e) The Terms of Trade - the measurement of the terms of trade - causes of the changes in the terms of trade - the impact of changes in the terms of trade f) Principles of Absolute and comparative advantage - the distinction between absolute and comparative advantage - free trade area, customs union, monetary union, full economic union - trade creation and trade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked about.

costs» means amounts substantially all of which are paid by, or for the account of, an obligor in connection with a project, including the cost of» (A) development phase activities, including planning, feasibility analysis, revenue forecasting, environmental review, permitting, preliminary engineering and design work, and other preconstruction activities;» (B) construction, reconstruction, rehabilitation, replacement, and acquisition of real property (including land relating to the project and improvements to land), environmental mitigation, construction contingencies, and acquisition of equipment; and» (C) capitalized interest necessary to meet market requirements, reasonably required reserve funds, capital issuance expenses, and other carrying costs during construction.»

With REITs, you can make money in real estate without the significant capital costs of buying on your own.

For real estate, it's based on the sale price, less selling costs, less capital improvements made to the property, less your adjusted cost base (ACB) or acquisition cost.

First Asset - Smart SolutionsTM First Asset is an independent investment firm, focused on providing smart, low cost solutions that address the real - world investment needs of Canadians - capital appreciation, income generation and risk mitigation.

The Polaris global cost of capital starts with the market's likely rate of return, about 6 % real.

Filed Under: Real Estate Tagged With: capital cost allowance, CCA, rental income taxes, rental property tax return

Research out from CBRE Econometric Advisors shows that the typical risk - free benchmark rate, the 10 year Treasury, does not accurately reflect the cost of capital risks in asset pricing for commercial real estate.

In developed markets, the right to a certain return of capital is actually costing anywhere from — 1.5 % to — 0.5 % per year in real purchasing power.1 On the other hand, real yields in many of the larger emerging market economies reside solidly in positive territory — returning anywhere from about a 1 % premium over inflation in Mexico and Russia to more than 6 % in the case of Brazil.

There are also more conventional investment options like mortgages and real estate — but with the potential to earn higher returns since costs involved with raising private capital are lower.

Another very significant tax advantage of investing in real estate directly is the ability to defer capital gains through a 1031 exchange, which allows investors to sell appreciated property and transfer their original cost basis over to new investment properties without triggering any taxes.

The real cost of an executive option to the company (rather than to its stockholders) equals the present value of the probability that option program will reduce the company's future access to capital markets, especially equity markets.

By contrast, there are other firms, such as Personal Capital and my firm, Rebalance IRA, where we have similar investment philosophies and similar use of technology, but we have real, live investment advisors who deal extensively with clients and match them with the right asset allocation, low - cost underlying portfolios, very low cost, and disciplined rebalancing, which is really an essential risk management and return tool.

If the auction does not allow for financing, the real estate investor can pay cash for the property and then come to North Coast Financial for a cash out refinance in order to raise funds for the rehab costs or just free up capital to invest in other projects.

Capital gains are profits or the difference between the original cost basis of an asset (such as stocks, bonds, mutual funds, art or real property) and the price at which it was sold.

Fuel costs are a real killer here — this diesel is the way to go — expensive initial capital cost — but pays for itself in no time — if you plan on pushing a boat around a lot.

UNTITLED PROJECT: COMMODITY [CAPITAL], oil on carved wood, printed mail order form, 2007 >> a mail - order project produced for the exhibition The Irresistible Force at Tate Modern in London ---- featuring a carved and painted copy of Karl Marx's Capital, Volume I (1867) priced at # 18.99 + # 6.01 shipping and handling, which was at that time the exact cost of the real paperback ordered from PenguinCAPITAL], oil on carved wood, printed mail order form, 2007 >> a mail - order project produced for the exhibition The Irresistible Force at Tate Modern in London ---- featuring a carved and painted copy of Karl Marx's Capital, Volume I (1867) priced at # 18.99 + # 6.01 shipping and handling, which was at that time the exact cost of the real paperback ordered from PenguinCapital, Volume I (1867) priced at # 18.99 + # 6.01 shipping and handling, which was at that time the exact cost of the real paperback ordered from Penguin Books.

But capital costs are the real show - stoppers: for photovoltaics, at $ 3 / peak watt current prices (solar thermal systems are roughly the same), even in an ideal location, 2000 TWh / yr requires about 1 TW peak capacity, or $ 3 trillion capital investment.

Energy and Capital editor Megan Dailey looks into the real cost of solar power and why it's not stopping this booming industry's growth.

But nuclear, for the plants that have been well maintained and have largely had the capital costs paid off, are going to be very cheap forms of electrical energy that will be a real force.

Remember, the real issue with solar energy is the high capital cost (with some solar power plants quoted at over $ 2.5 million / MW).

These are not just higher bills for refurbishment, re-letting and legal costs, but a reduction in capital value off a higher yield, significant accounting losses and in many cases real damage to portfolio performance.

In a recent passing of accounts case, the court reduced the estate trustee's compensation for the following reasons: — No compensation should be charged on investment losses listed as capital disbursements; — The costs connected to the sale of real property (real estate commission, property taxes, and legal fees) are not to be included when... read more

Public - private partnerships, expediting capital projects and reducing capital costs in complex and detailed real estate structures

Given property is often the second biggest cost of a law firm behind head count, I wonder what the impact would be of scaling back prestigious offices and reinvesting some of the capital in technology that would make a real difference for clients.

SLAM intended to increase the cost amount of the real estate owned by Huntingdon Capital Corp., one of its amalgamating subsidiaries — obtaining what is colloquially referred to as a «tax bump» — through the amalgamation.

The massive tax - extension law that President Obama signed at the end of 2010 keeps tax brackets and the capital gains rate at existing levels for two more years and maintains other key real estate provisions such as the 15 - year cost recovery period for leasehold improvements, 25 percent depreciation recapture rate, and the deductibility of expenses related to brownfields remediation.

The pace of the economic and real estate recovery, government reforms, and rising interest rates are just a few of the factors that will influence the availability and cost of capital in the coming year.