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Colonial Apartments REIT reports the following financial information on a per-share basis: GAAP Net Income [Earnings per Share (EPS)]=$4.00 GAAP Depreciation and Amortization =$3.00 Reserves

Colonial Apartments REIT reports the following financial information on a per-share basis:

GAAP Net Income [Earnings per Share (EPS)]=$4.00

GAAP Depreciation and Amortization =$3.00

Reserves for property capital expenditures=$0.80

Dividend paid= $4.50

Debt=$50, with an average interest rate on debt=7%

AFFO yield of 6.9% based on current share price -- Keep in mind that AFFO/Share Price=Yield

Estimated weighted average firm-level private property market cap rate of 8% .

(a) Determine Colonials EBITDA

(b) Determine the current (public) price of a share of Colonial REIT common stock

(c) Determine the current share price premium (or discount) to NAV for the REIT

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