What is trailing twelve months?
The T-12: the most recent twelve months of actual operating results. It reflects recent performance rather than a distant period or a seller’s forward claim, and is the freshest baseline for forecasting.
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.