---
title: "Debt yield — Class A Atlas glossary"
description: "NOI divided by loan amount — lender risk metric independent of cap rate."
canonical: https://classa.info/glossary/debt-yield
pageType: glossary
lastUpdated: 2026-04-01T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> NOI divided by loan amount — lender risk metric independent of cap rate.

## TL;DR

- NOI divided by loan amount — lender risk metric independent of cap rate.
- Class A core minimum: 8–9% debt yield.

# Debt yield

*Finance · US*

## Short definition

NOI divided by loan amount — lender risk metric independent of [cap rate](/glossary/cap-rate).

## Full definition

[Class A](/glossary/class-a) core minimum: 8–9% debt yield. Stricter than DSCR in low-rate environments (a hot cap-rate doesn't help if NOI is thin).

## Why this matters for Class A leasing

Debt yield is part of the finance vocabulary that institutional Class A occupiers, landlords, and advisers use across US markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the US definition alongside the global standard so [cross-border](/topics/cross-border-expansion) occupiers can translate quickly.

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Citation: Source: Class A Atlas (https://classa.info/glossary/debt-yield), updated 2026-04-01T00:00:00.000Z.