Financial dictionary

WAULT (weighted average unexpired lease term) is an indicator that represents the average time remaining until the expiration of lease agreements in a property portfolio. This metric is calculated as a weighted average of the lease durations, based on the rent and the area of individual properties. WAULT provides insights into the stability of rental income and the long-term security of an investment in commercial real estate. A higher WAULT indicates a longer period for which tenants are bound by lease agreements, which can contribute to greater stability and predictability of income.

A wealth manager is a financial professional who provides comprehensive wealth management services to affluent individuals or families. They focus on investment planning, asset protection, retirement security, tax optimization, and estate planning. The goal is to achieve long-term growth and protection of the client's wealth.