ASC Portfolio Analysis 2

Question 1

In ARGUS Enterprise portfolio analysis, what does the 'Portfolio IRR' metric represent?

Accepted Answer

The blended internal rate of return across all portfolio assets over the hold period

Answer

Portfolio IRR blends cash flows from all assets to measure the overall return rate for the entire portfolio over its hold period.

Question 2

When aggregating properties in ARGUS Enterprise, which setting ensures that vacancy assumptions are not double-counted at the portfolio level?

Accepted Answer

Set global vacancy to zero and model it at the asset level only

Answer

Vacancy should be modeled at the individual asset level; setting global portfolio vacancy to zero prevents double-counting when rolling up results.

Question 3

Which ARGUS Enterprise report allows a user to compare levered vs. unlevered returns across multiple portfolio assets simultaneously?

Accepted Answer

Portfolio Returns Dashboard

Answer

The Portfolio Returns Dashboard in ARGUS Enterprise consolidates levered and unlevered return metrics (IRR, equity multiple, NPV) across all portfolio assets for side-by-side comparison.

Question 4

In a portfolio scenario analysis, what is the purpose of applying a 'global cap rate shift' in ARGUS Enterprise?

Accepted Answer

To stress-test exit values by uniformly adjusting terminal cap rates across all assets

Answer

A global cap rate shift stress-tests how a uniform change in exit cap rates affects the terminal value and returns of every asset in the portfolio.

Question 5

What does a negative portfolio-level equity multiple indicate in ARGUS Enterprise?

Accepted Answer

The investor lost equity — total distributions returned less than total equity invested

Answer

An equity multiple below 1.0x (negative in net terms) means total distributions to equity are less than the original equity invested, indicating a loss.

(ASC) Argus Software Certification Practice Test

(ASC) Argus Software Certification Practice Test

ASC Portfolio Analysis 2