Finance, Valuation, and Incentives
Net operating income is property income after operating expenses but before debt service, depreciation, and income taxes. In powered-land or data center assets, defining revenue and expense pass-throughs is essential before comparing NOI across deals.
Fiber easement gives rights to install and maintain fiber optic infrastructure. It can be as important as electric easements for AI and cloud sites because network route control affects latency, redundancy, and carrier optionality.
Read definition →Electric cooperative is member-owned and often serves rural or suburban territories. Cooperatives can be important for powered-land opportunities, but they may rely on generation and transmission cooperatives or wholesale providers for large-load supply.
Read definition →Rear Door Heat Exchanger is a heat exchanger mounted on the exhaust side of a rack to remove heat before it enters the room. It can help densify air-cooled or hybrid deployments without fully converting to direct liquid cooling.
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