Managed Programs — Variable Interest Entities Unconsolidated Count

How to read this metric

An increase suggests growth in the company's investment management platform and third-party capital relationships, while a decrease may indicate the winding down of managed programs or the consolidation of previously separate entities. High counts often correlate with higher fee-based revenue potential but may also indicate increased operational complexity.

Detailed definition

Peer comparison

Peers in the REIT or alternative asset management space often report similar counts of unconsolidated joint ventures or managed investment vehicles to demonstrate the scale of their fee-earning assets under management.