CRE Financials Extraction
T-3, T-6, T-12, T-24, and rent rolls extracted in under fifteen seconds with 99% accuracy. Every line item cited to the source page.
Every document type in a CRE deal
Trailing operating statements
T-3, T-6, T-12, and T-24 operating statements. Line-item NOI, income and expense categorization, and month-over-month reconciliation. The "T" stands for "trailing" — trailing three, six, twelve, or twenty-four months of actual operating history.
Rent rolls
Any format: Yardi exports, broker PDFs, owner spreadsheets, property management exports. Unit mix, lease terms, below-market identification, and revenue upside calculated automatically, with anomaly detection.
Offering memoranda
Two-hundred-page OMs parsed into key financial metrics, deal terms, and property details. AI-generated red flags and cross-references against the trailing financials.
Budgets and proformas
Owner-provided budgets and proformas extracted and reconciled against trailing performance. Variance flags on assumptions that do not match history.
What trailing financials tell you
“T” stands for “trailing.” A T-12 is twelve trailing months of actual operating history. A T-3 is three trailing months, usually annualized and compared back to the T-12 to spot momentum or deterioration. T-6 and T-24 exist for the same reason: to triangulate where the property is actually running versus what the seller is projecting.
The job of an acquisitions analyst is to pull signal from those statements. Does the seller's T-12 match the rent roll? Are expenses trending up at the pace of income? Is there a one-time item inflating the T-3 NOI? Those questions take a junior analyst hours when the financials come in as PDFs. Milo answers them in minutes, with every number linked back to the source.
Milo is not generic OCR with a thin wrapper. It is purpose-built ingestion for each CRE document type — trailing operating statements, rent rolls, offering memoranda, budgets — which is why the extraction reaches 99% accuracy on line items, not paragraph text.
How Milo extracts CRE financials
Drop the document
Any PDF, Excel, or scanned image. Milo detects whether it is a T-12, T-6, T-3, rent roll, OM, or budget automatically.
Type-aware extraction
Each document type follows its own extraction path — not a generic chunker. Docling parses the structure; purpose-built ingestion rules map financial primitives into the correct line items.
Structured output with citations
Every line item lands in a structured underwriting view with a citation back to the source page. Spot-check any number in one click.
Export anywhere
Push to Excel, Google Sheets, your existing underwriting model, or generate an IC memo drawn straight from the Deal Room context.
CRE financials extraction, answered
T-12 stands for "trailing twelve months" — a twelve-month operating statement showing actual income and expenses. T-3, T-6, and T-24 follow the same pattern: trailing three, six, or twenty-four months. CRE acquisitions teams use trailing financials to underwrite a deal against actual performance rather than projections.