Practice Test Geeks(ASC) Argus Software Certification Practice Test
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Portfolio Analysis Flashcards

7 cards from real ASC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. In ARGUS Enterprise, how does a 'same-store' comparison at the portfolio level differ from a total portfolio cash flow report?

    Answer: Same-store excludes any assets acquired or disposed of during the comparison period for apples-to-apples NOI growth analysis

    Same-store analysis holds the asset set constant across periods, excluding acquisitions and dispositions to isolate true operational NOI growth.

  2. When performing a portfolio sensitivity analysis in ARGUS Enterprise, what does a 'two-variable' sensitivity table reveal?

    Answer: How two assumptions (e.g., rent growth and exit cap rate) interact to affect a single return metric like IRR

    A two-variable sensitivity table shows how combinations of two key inputs jointly affect a chosen output metric, revealing interaction effects.

  3. In ARGUS Enterprise portfolio analysis, what is the impact of using a lower discount rate (WACC) when calculating portfolio NPV?

    Answer: Lower discount rate increases NPV because future cash flows are discounted less aggressively

    NPV is inversely related to the discount rate — a lower rate makes future cash flows worth more in today's dollars, increasing NPV.

  4. A portfolio manager uses ARGUS Enterprise to model a value-add strategy. Which metric best captures the increase in portfolio value attributable to lease-up of vacant space?

    Answer: Delta in Portfolio NPV between the base case and the stabilized scenario

    The delta in portfolio NPV between the vacant base case and stabilized scenario directly quantifies the value creation attributable to lease-up.

  5. In ARGUS Enterprise, which report type is most useful for presenting portfolio performance to a capital committee that needs to understand asset-by-asset contribution to overall returns?

    Answer: Portfolio Attribution Report

    The Portfolio Attribution Report breaks down each asset's contribution to total portfolio IRR, NPV, and cash flow, enabling asset-by-asset accountability.

  6. When modeling a portfolio recapitalization event in ARGUS Enterprise, which adjustment is most critical to reflect the new capital structure?

    Answer: Revising debt terms (loan amount, rate, amortization) and equity basis for post-recap periods

    A recapitalization changes the debt and equity structure, so updating loan terms and equity basis is essential to accurately project post-recap levered returns.

  7. In ARGUS Enterprise, the 'Contribution to IRR' metric for an individual asset within a portfolio is primarily useful for:

    Answer: Identifying which assets are accretive or dilutive to the portfolio's blended IRR

    Contribution to IRR shows whether each asset adds to or subtracts from the portfolio's blended return, guiding hold/sell and acquisition decisions.