What is T-12?
Trailing twelve months: the most recent twelve months of a property’s actual operating statements. A starting point that must be validated against the rent roll, general ledger, and other diligence before it is relied upon.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.