Airplane Hangar KPIs.

Airplane hangars are aviation-infrastructure real estate at general-aviation and cargo airports — clear-span structures for aircraft storage and maintenance (MRO), typically on ground leases from the airport authority. Value is driven by clear-span dimensions and door width (which aircraft fit), rent per square foot, remaining ground-lease term, and airport traffic. Demand tracks business-aviation and MRO activity. Ilora.ai ingests the ground-lease abstract, tenant/lease terms, and operating data, benchmarking rent per square foot and ground-lease coverage.

12 definitions · Sector: INFRASTRUCTURE · Used by Ilora.ai specialist AI agents

NOI

Net Operating Income

Total revenue minus operating expenses (excludes financing and capital costs). The primary measure of property-level profitability.

NOI = Revenue − Operating Expenses

  • profitability
  • core
Cap Rate

Capitalization Rate

Net Operating Income divided by current property value. Expresses unleveraged annual yield as a percentage.

Cap Rate = NOI ÷ Property Value

  • valuation
  • core
DSCR

Debt Service Coverage Ratio

Net Operating Income divided by total annual debt service. Lender-required cushion measure; below 1.0 means NOI cannot cover debt.

DSCR = NOI ÷ Annual Debt Service

  • lending
  • risk
LTV

Loan-to-Value

Loan amount divided by property value. Lower LTV = lower lender risk.

LTV = Loan Amount ÷ Property Value

  • lending
  • risk
OER

Operating Expense Ratio

Operating expenses divided by gross revenue. Lower is better, but varies by property type (hotels run higher than triple-net retail).

OER = Operating Expenses ÷ Gross Revenue

  • efficiency
GRM

Gross Rent Multiplier

Property value divided by gross annual rental income. Quick valuation shortcut; less precise than cap rate.

GRM = Property Value ÷ Gross Annual Rent

  • valuation
  • shortcut
IRR

Internal Rate of Return

Annualized return on investment accounting for time value of money across the full hold period.
  • return
  • underwriting
CoC

Cash-on-Cash Return

Pre-tax annual cash flow divided by total cash invested. Measures the cash yield, not total return.

CoC = Annual Cash Flow ÷ Total Cash Invested

  • return
DCF

Discounted Cash Flow

Valuation method that projects future cash flows and discounts them to present value at a chosen rate.
  • valuation
  • underwriting
TTM

Trailing Twelve Months

A rolling sum of the most recent 12 months. Smooths seasonality for KPI comparisons.
  • period
  • core
Tenants

Carrier Tenant Count

Number of carriers leasing on a single cell tower. Each additional tenant is high-margin incremental revenue.
  • revenue
  • cell_tower
CF

Capacity Factor

Actual energy generated divided by theoretical maximum. Solar farm productivity measure.
  • energy
  • solar

Industry reference

How the airplane hangar sector operates.

Documents Ilora.ai ingests

  • Ground-lease abstract (airport authority)
  • Tenant lease terms
  • Operating data
  • FBO / MRO agreement (if applicable)

Frequently asked

Common questions about airplane hangar.

What drives airplane-hangar value?
Clear-span dimensions and door width (which aircraft can fit), rent per square foot, remaining ground-lease term from the airport authority, and airport traffic. Demand follows business-aviation and MRO (maintenance) activity; most hangars sit on airport ground leases rather than owned land.