Seaport KPIs.

A seaport (cargo / container terminal) is heavy transportation-infrastructure real estate — berths, cranes, container yards, and warehousing — distinct from a recreational marina, and typically operated under long concession or lease agreements with terminal operators. Value tracks throughput (TEU), berth and yard utilization, dwell time, and wharfage/handling rates, with revenue often concession-fee plus volume-based. Ports are supply-chain-critical, high-barrier assets tied to trade flows and hinterland connectivity. Ilora.ai ingests the concession/lease abstract, the throughput and berth-utilization reports, and the operating P&L, benchmarking revenue per TEU and utilization.

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 seaport sector operates.

Documents Ilora.ai ingests

  • Concession / lease abstract
  • Throughput (TEU) report
  • Berth + yard utilization report
  • Operating P&L
  • Tariff / wharfage schedule

Frequently asked

Common questions about seaport.

How is a cargo seaport different from a marina?
A cargo seaport moves freight — berths, cranes, container yards, and warehousing measured in throughput (TEU), berth utilization, and wharfage rates — under long concession/lease agreements with terminal operators. A recreational marina rents boat slips to owners. They are entirely different asset classes; Ilora tracks cargo ports as transportation infrastructure, not hospitality/recreation.