Internal Rate of Return (IRR) is a measure of the profitability of an
investment. It is calculated by finding the discount rate that makes the net present value of all future cash flows from the investment equal to zero. A higher IRR indicates a more profitable investment.
In the context of CoreProp, IRR can be used to compare the profitability of different investment opportunities. For example, if CoreProp is considering investing in two different properties, it can use IRR to determine which property is likely to generate a higher return on investment.
IRR is a useful tool for making investment decisions, but it is important to remember that it is not the only factor to consider. Other factors, such as risk and liquidity, should also be taken into account.