Weighted Average Lease Term (WALT)
WALT is the average remaining lease term of tenants in a property, weighted by an economic weight such as rental revenue (or sometimes square footage). It is used to summarize lease rollover risk and income duration.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Underwriting; asset management; refinancing
- Property types
- Office; retail; industrial; net lease portfolios
In practice
Weighting choice matters: revenue-weighted WALT answers a different risk question than area-weighted WALT; operators should label explicitly.
Related terms
WALE/WAULT (equivalents in some markets)lease rolloverrent roll
Operating Performance Metrics
- Average Daily Rate (ADR)
- EBITDA Per Available Room (EBITDA PAR)
- Gross Operating Profit Per Available Room (GOPPAR)
- Labor Cost Per Available Room (LPAR)
- Load Factor (Common Area Factor / Loss Factor)
- Net Effective Rent (NER)
- Occupancy Cost
- Occupancy Cost Ratio
- Rentable Area
- Revenue Per Available Room (RevPAR)
General information, not legal, tax or financial advice.