Real estate teams already trust PRODA for rent rolls. Now it turns operating statements into standardized data, mapped to your Charts of Accounts, in no time.
Today we’re launching Operating Statements in PRODA. Real estate teams can now bring their operating statements into the same platform they already use for rent rolls. You may know them as P&Ls, income statements or trailing statements (e.g. T3, T6, T12). PRODA turns them into clean, standardized data, ready for reporting, investment analysis and their AI tools.
Why processing operating statements slows teams down
There’s no industry standard for operating statements. Every seller, broker and property manager produces them differently, with different layouts, account names and file types. Before anyone can compare one property to another, someone has to reformat, re-key and reconcile the numbers by hand.
That work takes hours, if not days. It introduces errors and delays the decisions that depend on speed: acquisition bids, underwriting, credit decisions and investor reporting. And it compounds with scale. More countries, more asset classes and more property managers mean more formats standing between a raw file and a usable answer.
“There’s no standard format for operating statements. Every property manager has their own layout and their own account names. Teams lose hours reformatting before they can even look at performance. We built Operating Statements so that work disappears.”
Peter Bredthauer, CEO at PRODA Ltd.
From raw P&L to decision-ready data
PRODA takes an operating statement from upload to analysis-ready data in no time, regardless of the source format.
Bring in the statements you actually receive, the way you receive them. Upload Excel or PDF files, including complex PDFs, which PRODA now handles with upgraded extraction methods. PRODA processes trailing statements of any period length, from T3 to T12 and beyond. It also processes actuals and budgets, and actual-to-budget snapshots.
Residential, commercial, healthcare and lodging
PRODA standardizes operating statements across residential, commercial, healthcare and lodging assets. Residential covers multifamily, single family, mobile home and cooperative housing. Commercial covers office, retail, industrial and warehouse, self-storage and mixed use. Property classifications and standardization follow CREFC reporting standards.
Mapped to your Charts of Accounts
PRODA maps every line item to your chosen Chart of Accounts. Start with PRODA’s base Chart of Accounts, designed with CREFC-level granularity. Or have us build your own custom Charts of Accounts during implementation.
PRODA supports multiple Charts of Accounts, for example, one for each asset class, with up to three levels of hierarchy.
Mapping gets smarter with every upload. Review and adjust any mapping in a few clicks. PRODA learns from changes and applies them automatically the next time you upload a matching file.
Tracking performance over time
Annualization brings standardized data together in one view, presented in one Chart of Accounts, that grows as new periods are loaded. Roll monthly data up into quarterly, half-yearly or annual views.
Load budgets alongside actuals and PRODA reconciles them in one Chart of Accounts. You can see where each property is running ahead of or behind plan, line by line.
Download your data to Excel straight from the Annualization view. Pull it into workbooks with the PRODA Excel Add-In. Or connected directly to our API to feed your models, data platforms and AI tools.
Rent rolls and operating statements, side by side
Teams already rely on PRODA to extract, standardize and error check their rent rolls. Now operating statements sit right alongside them. A single PRODA project can hold both rent rolls and operating statements for one or more properties. That puts the tenancy picture and the income-and-expense picture live in the same place.
Built for the teams who live inside property data
- Investment & acquisitions: Get from a seller’s or broker’s P&L to numbers you can underwrite in seconds, not hours.
- Lenders & credit teams: Get standardized borrower and property financials faster, so you can underwrite and monitor with confidence.
- Asset management: Compare property performance like for like, even when every property manager reports differently.
- Service providers: Process client operating statements at scale, without adding manual workload.
Get started
Already a PRODA customer? Talk to your account manager to start using Operating Statements.
New to PRODA? Book a demo to see an operating statement go from raw file to standardized data.
About PRODA
PRODA is the platform that turns any rent roll and operating statement into standardized data for institutional real estate teams. More than 200 companies trust PRODA, including Blackstone, Hines and PIMCO. They relay on it to replace manual data preparation with clean, consistent data for reporting, investment analysis and AI tools. Learn more at proda.ai.
