NOI divided by annual debt service.

NOI divided by annual debt service.
Lender minimum: 1.20x for stabilised Class A; 1.40x for core.

Debt service coverage ratio (DSCR)

Finance · Global

Short definition

NOI divided by annual debt service.

Full definition

Lender minimum: 1.20x for stabilised Class A; 1.40x for core. Drives cap-rate-vs-coupon math during rate-up cycles. Many 2024 Class A refis required equity injections to meet DSCR.

Why this matters for Class A leasing

Debt service coverage ratio (DSCR) is part of the finance vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.

NOI divided by annual debt service.

NOI divided by annual debt service.
Lender minimum: 1.20x for stabilised Class A; 1.40x for core.

Debt service coverage ratio (DSCR)

Finance · Global

Short definition

NOI divided by annual debt service.

Full definition

Lender minimum: 1.20x for stabilised Class A; 1.40x for core. Drives cap-rate-vs-coupon math during rate-up cycles. Many 2024 Class A refis required equity injections to meet DSCR.

Why this matters for Class A leasing

Debt service coverage ratio (DSCR) is part of the finance vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.