航运集团有限公司物流地产项目投资测算模型

,关键数据,,,,,,,,,,,,,,

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,总投资额（元）,,,"181,832,000",,,,,,,,,,,

,,,,"82,350,000",,,,,,,,,,,

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,各自然年NOI及现金流情况,,,,,,,,,,,,,,

,,,,第1年,第2年,第3年,第4年,第5年,第6年,第7年,第8年,第9年,第10年,第11年,第12年

,,,,2019/12/31,2020/12/31,2021/12/31,2022/12/31,2023/12/31,2024/12/31,2025/12/31,2026/12/31,2027/12/31,2028/12/31,2029/12/31,2030/12/31

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,NOI（扣除资产相关费用前）,,,"2,839,986","14,744,509","14,392,429","14,691,877","14,997,315","15,302,944","15,626,638","15,950,771","16,281,386","16,612,210","16,962,586","17,313,438"

,NOI（扣除资产相关费用后）,,,"2,659,277","13,182,111","12,859,238","13,126,805","13,399,723","13,672,809","13,962,044","14,251,667","14,547,082","14,842,679","15,155,756","15,469,253"

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,项目层面现金流量表（不考虑额外溢价）,,,,,,,,,,,,,,

,,无杠杆下净现金流情况,,"(179,520,667)","11,154,083","10,911,929","11,112,604","11,317,292","252,979,755",-,-,-,-,-,-

,,有杠杆下净现金流情况,,"(9,592,843)","(12,274,369)","(12,597,242)","(12,329,675)","(12,056,757)","47,841,977",-,-,-,-,-,-

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,我方层面现金流量表（计算额外溢价）,,,,,,,,,,,,,,

,,无杠杆下净现金流情况,,"(134,664,467)","7,807,858","7,638,350","7,778,823","7,922,105","177,085,828",-,-,-,-,-,-

,,有杠杆下净现金流情况,,"(15,714,990)","(8,592,059)","(8,818,069)","(8,630,772)","(8,439,730)","33,489,384",-,-,-,-,-,-

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,投资测算,,,,,,,,,,,,,,

,租金收益率（扣除资产相关费用前）,7.92%,,租金收益率（扣除资产相关费用后）,7.07%,,,,,,,,,,

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,项目层面投资回报,,,我方层面投资回报,,,,,,,,,,,

,,IRR,净利润（万元）,,IRR,净利润（万元）,,,,,,,,,

,无杠杆（不计息）,11.69%,"11,795.50",无杠杆