Question
A REIT is currently generating $200 million of rent, $100 million of net operating income, $60 million of net income and $100 million of cash
A REIT is currently generating $200 million of rent, $100 million of net operating income, $60 million of net income and $100 million of cash flow. According to your research, the appropriate cap rate for the REIT's assets is around 5%. What do you think is the market value of the REIT? Express your answers in millions, ie. Enter $1 million as just "1"
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Financial Theory and Corporate Policy
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
4th edition
321127218, 978-0321179548, 321179544, 978-0321127211
