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ABC Realty Trust has an annual NOI of $110M. Net debt equals $700M. The company has 90M shares outstanding. Based on the trades for comparable
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ABC Realty Trust has an annual NOI of $110M. Net debt equals $700M. The company has 90M shares outstanding. Based on the trades for comparable assets in its portfolio, the company believes that a fair cap rate for its assets is 8.5%. If the stock trades at $3.37/share, what is the discount or premium of the share price to Net Asset Value per share?
60%
50%
53%
51%
ABC Realty Trust has an annual NOI of $110M. Net debt equals $700M. The company has 90M shares outstanding. Based on the trades for comparable assets in its portfolio, the company believes that a fair cap rate for its assets is 8.5%. If the stock trades at $3.37/share, what is the discount or premium of the share price to Net Asset Value per share?
| 60% | ||
| 50% | ||
| 53% | ||
| 51% |
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