We also call it net income, profit or the bottom line. That is, it includes all the revenues and expenses that we excluded from NOI. Net income encompasses all revenues and expenses, not just operational ones. Obviously, it is like NOI, except that we use EBITDA when measuring the performance of companies rather than properties. You will sometimes encounter the term EBITDA, which stands for earnings before interest, taxes, depreciation and amortization. However, you’ll exclude these costs from NOI.
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