The Real Estate Analyst includes

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The Real Estate Analyst

| Micro-Degree

skills certificate

Real Estate Investing

| Skills Certificate
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4

Hours

22

Practical exercises

1

Exam

Master the skills needed to analyze and interpret market data to inform investment decisions. Get an overview of the capital structures, calculation, and comparison cap rates and a comprehensive cash flow model for a real estate transaction from purchase to sale.

Real Estate Forecasting

30 video minutes

6 excel exercises

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Video minutes 30

Excel Exercises 6

  • Introduction to Real Estate
  • Measuring Real Estate
  • Lease Types
    • Pro rata calculations
    • Base year stop
  • The Cash Flow Statement
  • Rental Revenues
    • Gross versus Net
    • Modeling revenues from different types of assets
    • Renewal probability
  • Additional Income
    • Percentage Rent
  • Operating expenditures
  • Capital Expenditures
  • Income Taxes

Real Estate Financing

22 video minutes

4 excel exercises

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Video minutes 22

Excel Exercises 4

  • Overview of the capital structures
  • Debt
    • Loan sizing (LTV and LTC)
    • Amortizing loans with balloons
    • Mezzanine
  • Equity
    • Preferred vs common
    • GPs and LPs
    • Promoted interest
  • Equity Waterfalls

Cap Rates and Other Metrics

12 video minutes

2 excel exercises

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Video minutes 12

Excel Exercises 2

  • Calculation and comparison cap rates
  • IRR, Cash on Cash Yield, Breakeven, Multiple of Money

Real Estate Case Study Model

74 video minutes

10 excel exercises

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Video minutes 74

Excel Exercises 10

  • Going in and Exit Cap Rates
  • Financing sources and uses
  • Differing Lease types and pro rata calculations
  • Rental revenues and adjustments
  • Operating expenditures and reimbursements
  • Capex, Tis, Reserves, Lease commission
  • Unlevered and levered cash flows
  • Return metrics
skills certificate

Real Estate (REIT) Modeling and Valuation

| Skills Certificate
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6.5

Hours

8

Topics

31

Practical exercises

1

Exam

Get to grips with real estate modeling and valuation in full. Bridge the gap between your existing accounting knowledge and learn what REITs are, how to analyze them, and how to value them with our online real estate investing course. Master the critical skills needed to complete a comprehensive REIT valuation model based on real company data.

Introduction to REITs

10 video minutes

0 excel exercises

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Video minutes 10

Excel Exercises 0

  • What is a REIT?
  • How a REIT is structured
  • Presentation in the financials
  • How REITs grow

FFO and AFFO

15 video minutes

3 excel exercises

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Video minutes 15

Excel Exercises 3

  • Defining and calculating Funds from Operations (FFO)
  • Defining and calculating Adjusted Funds from Operations (AFFO)
  • Understanding straight-line leases

US GAAP vs IFRS

3 video minutes

0 excel exercises

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Video minutes 3

Excel Exercises 0

  • Summary of IFRS 40
  • FFO and AFFO for non-US REITs
  • Impact on valuation

Cap Rates

14 video minutes

2 excel exercises

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Video minutes 14

Excel Exercises 2

  • Calculating NOI
  • How leases and property types affect cap rate
  • Applying the analysis to investments

Building a REIT Operating Model

63 video minutes

13 excel exercises

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Video minutes 63

Excel Exercises 13

  • Preparing the supplemental calculations of Revenues & Costs
  • Preparing fixed assets calculations of Property Acquisitions, Property Development/Redevelopment, Asset Disposals
  • Calculating Dividends using FFO
  • Calculating Equity Investments and NCI
  • Preparing the Income Statement
  • Preparing the Balance Sheet
  • Preparing the Cash Flow Statement
  • Calculating the Debt and Equity needed to fund future growth

REIT Valuation

32 video minutes

2 excel exercises

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Video minutes 32

Excel Exercises 2

  • How valuing REITs differs from traditional corporates
  • Valuation using NAV, trading and transaction comparables, and DCF
  • Calculating cost of capital for a REIT

Comprehensive REIT Valuation Model - NAV

14 video minutes

4 excel exercises

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Video minutes 14

Excel Exercises 4

  • Calculating fully diluted shares
  • Calculating the operating assets with capitalized income
  • Calculating equity investments and other operating, non-real-estate assets
  • Calculating liabilities and other claims on assets

Comprehensive REIT Valuation Model - DCF

30 video minutes

7 excel exercises

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Video minutes 30

Excel Exercises 7

  • Calculating WACC
  • Calculating PV of FCF
  • Determining dilution from future equity issuances
  • Calculating terminal valuing using multiples and perpetuity method
  • Running sensitivities

Skills & Learning Objectives in The Real Estate Analyst Micro-Degree

Reviewed by Industry Experts

Colin Evans

Managing Director at J.P. Morgan

Colin Evans is a Managing Director at J.P Morgan and leads the financial institutions coverage team globally for the Corporate Banking.

Dr. Bridget Lyons

Professor of Finance

Professor of Finance at the Jack Welch College of Business at Sacred Heart University and Associate Instructor.

Chris Bishko

CFO

CFO with over 25 years experience as an operator, investor and investment banker in technology and financial services.

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Wall Street Recognized Certification

Established on Wall Street, Financial Edge has taught at the biggest bulge-bracket firms since 2016, and now we offer that very same training online for you. It’s no secret that banking is fiercely competitive, which is why our Wall Street recognized certification is designed to let your employers know you have the skills to succeed.

This course is officially CPD certified

Continuing Professional Development (CPD) keeps a record of your increasing skills, knowledge and experience throughout your career, which now includes select Financial Edge certifications.

Complete a Micro‑degree to join our exclusive alumni

Sit beside the world’s best investment bankers on LinkedIn, and take advantage of exclusive must-have benefits for new and experienced analysts.

What Our Students Say

The Real Estate Analyst Micro-Degree is included in your Felix Plan

Boost

Get full access to all our certified courses and instructor support.
ON SALE

Includes full access to all certified courses.

£449
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Billed annually.
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Boost includes:
  • 184+ hours of instructor-led learning
  • Search across 350+ playlists, 3000+ videos and Q&As
  • Role-focused pathways
  • Expert instructor support

Pro

Gain additional access the full suite of data and analytics tools used by Wall Street analysts.
ON SALE

Full Felix access including all learning content and data features.

£699
£419.440% off
Billed annually.
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Pro includes:
  • Everything in the Boost plan
  • Streamlined company data
  • Current and historic filings for over 7000 companies
  • Market and industry data
  • Ready-to-use sector and transaction models

Compare plans

Boost Pro
Completion certificates 38 38
Skills certificates 51 51
Micro-degrees 12 12
Searchable library of 350+ playlists, 3000+ videos and Q&As
10 role-based learning pathways, including Investment Banking, Equity Research, Sales and Trading and more
Expert instructor support
Practical exercises to work alongside videos and quick quizzes to test your understanding
Weekly live webinars
Streamlined company data (WACC. & EV bridge calculator, custom comparables)
Current and historic filings for over 4,000 US firms
Current and historic filings for over 7,000 firms globally
Link to, label and share data points in filings (limited to 10 for Free and Boost users, unlimited for Pro)
Regional and industry data sets
Ready-to-use sector and transaction models
Boost £449 £269.4 Billed annually Get Started
Pro £699 £419.4 Billed annually Get Started

Frequently Asked Questions

What tech do I need?

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Access your course across desktop, laptop, tablet or phone; either via our web portal or the dedicated mobile app. While we have optimized our video quality and size, we recommend a broadband connection to enable uninterrupted video playback. A PDF reader and spreadsheet application are required to open the supporting resources.

Is it right for me?

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Our online courses reflect the training new analysts receive at the leading financial organizations. They're challenging, but if you want to demonstrate you are as good as the best in the industry then this is the course for you. The top investment banks will recognize our micro-degree certifications, making them perfect for graduates looking to land a job or a professional preparing for a new role.

Are Financial Edge's courses credible?

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The leading investment banks, as rated by the FT, hire us to train their incoming analysts. If you are looking to join the best analysts in the world, why not challenge yourself with the same content and certification with the same Wall Street instructors ready to answer your questions.

Will the Real Estate Analyst help me get a job?

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Absolutely. Develop practical skills you can use to impress at interviews, whether you’re looking to break into finance or change roles.

How long do I have to complete the Real Estate Analyst ?

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Everyone works at their own pace so there's no restrictions, all you need is an active Felix plan for the course you are completing. All Felix plans renew annually.

Are there any hidden costs?

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No. Everything you need is included, from instructor-led videos and Excel exercises to the exams.

What is CPD?

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All of our online courses are CPD accredited. CPD stands for Continuing Professional Development and makes demonstrating your commitment to learning easy. Your institution or accrediting body may track CDP points through activities, units or hours. Check with the relevant party to find out how you should be monitoring your progress.

What support will I get along the way?

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Our expert instructors are standing by to answer questions and help you develop a detailed understanding of finance complexities. Our technical support team are also ready to help with any system problems.

Start earning your Real Estate Analyst Micro‑degree certificate today.