Enodoinc Blog Is There Really Any Value To Add? Look At The Pro Forma

Another source of value that’s easy to manipulate and mess with is the pro forma expenses. The current operations are what they are, and typically all of that information is released early in due diligence so it doesn’t make much sense to try and cover it up. The proforma operations, however, can be easily manipulated to show a big year one cap rate spread that may not actually be there.