New proptech firm Income Analytics has launched a set of indices and benchmarks for quantifying real estate income risk.
The London-based company said its tenant income risk indices and benchmarks – which uses data on over 355m global companies from analytics firm Dun & Bradstreet – redefines how the real estate industry can “access, analyse and deploy company credit data on tenants, real estate assets and investment portfolios”.
The indices will enable real estate professionals, investors and lenders to receive real-time analysis of underlying tenants creditworthiness and appraise anticipated future performance and ultimately likelihood of default, it said.
Matthew Richardson, co-founder and CEO of Income Analytics, said: “No industry-specific product for investors and lenders to assess and monitor the changing quality of their tenant income over time currently exists.
“More worrying is that very little has changed since the sub-prime crisis of 2008 and the recent global crisis caused by coronavirus makes the need to access accurate and current income data more important than ever before.
“Our aim is to provide the real estate industry with a critical tool in which to assist investment decisions and investor reporting.”
Maxwell James, chairman of Income Analytics, said: “The insight that these measures bring is already resulting in better informed investment decisions by our existing clients.
“The application of these analytical methods offers the potential for investors and lenders to greatly enhance transparency and risk appraisal of portfolios or loan books at this critical time.”
Edgar Randall, commercial director UK & Ireland, Dun & Bradstreet, said: “Our aim is to provide a comprehensive risk solution for commercial real estate teams by combining our data with Income Analytics’ expertise and new platform to deliver actionable insights to drive business performance.”
