This chapter will focus on the financial side of Corporate Real Estate (CRE). The effect of ownership or lease on the balance sheet will be discussed. In addition, the lifecycle effects of ownership will be looked at from aspects like renovation, restructuring or alternative use. The importance of regularly valuing CRE at market value will be highlighted, as well as the financial risks of not valuing and not strategically managing CRE. CRE is not always easy to value: it might have specific characteristics, which will not have a market value, or only for similar enterprises and specific use. The value might also be influenced by industry trends or labour costs followed by shifts of the company’s activities to other locations or even other countries. Consequently, active CRE financial management should be given high priority. Involvement of CREM in business plans and decisions is essential to fulfil that role.@en