appreciation

/ə,pri:ʃi'eiʃn/
Noun
  1. an increase in price or value
    • an appreciation of 30% in the value of real estate
  2. a favorable judgment
    • a small token in admiration of your works
  3. an expression of gratitude
    • he expressed his appreciation in a short note
  4. delicate discrimination (especially of aesthetic values)
    • arrogance and lack of taste contributed to his rapid success
    • to ask at that particular time was the ultimate in bad taste
  5. understanding of the nature or meaning or quality or magnitude of something
    • he has a good grasp of accounting practices

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appreciation
The company's real estate holdings showed a significant appreciation over the past year.