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A number that's unique to planEASe,
but really easy to understand is the break

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even occupancy, it's recalculated
each year when you're seeing it in the income

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statement. So let's concentrate on your
2011. What it does is it takes the total

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operating expenses. And then adds the debt
service. And then divide that number

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by the total gross income. And that's
how we come up with this seventy three point

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seven percent. And that means that we need
to be seventy three point seven percent

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occupied or we could only have around
27 percent. Vacancy and be breaking even.

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If we go to the common size, to the bottom
right, so everything has percentages,

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you can see that we only have
scheduled one point seven percent vacancy. So we're

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well above that. So if we go back to the Performa
each year, showing us how much

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what percentage occupancy we would
need to be breaking, even, obviously you would

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like to see that be decreasing over
time if we click on a graph to the bottom right

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and make sure we're on break.
Even occupancy here in this building,

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we're showing that the break, even
occupancy is decreasing each year. This

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is what you'd like to see each year.
As we own the property, we could handle more

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vacancy and still be able to pay the total
operating expenses and debt service. We go

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back to the report. You'll see that
the breakbeat occupancy is a useful number,

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is not necessarily something that
people are going to be used to seeing, but it's

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easy to explain.