please complete a-c

You have been presented with the following set of financial statements for National Property Trust, a REIT that is about to make an initial stock offering to the public. This REIT specializes in the acquisition and management of warehouses, Your firm Blue Street Advisors, is an investment management company that is considering the purchase of National Property Trust shares. You have been asked to prepare a financial analysis of the REIT. I National Property Trust Panel A. Operating Statement Summary Net revenue $ 111,000,000 Less: Operating expenses 44,400,000 Depreciation and amortization 33,000,000 General and administrative expenses 7,100,000 Management expense 4,100,000 Income from operations 22,400,000 Less: Interest expense 6,400,000 Net Income (loss) $ 16,000,000 "At 8% interest only Panel B. Balance Sheet Summary Assets Cash Rents receivable Properties @ cost Less: Accumulated depreciation Properties-net Total net assets Liabilities Short term Mortgage debt Total Shareholder equityt Total liabilities and equity 'At 8% interest only $ 52,600,000 3,600,000 810,000,000 461,800,000 349,000,000 $ 105,200, eee $ 102,200,000 30,000,000 182,200,000 223,000, een $ 405,200,000 710,000,000 shares outstanding. Required: a. Develop a set of financial ratios that will provide Blue Street Advisors with useful information in the evaluation and comparison of National Property Trust with other REITS. b. Your research also indicates that the shares of comparable REITs specializing in warehouse acquisitions in the same regions are selling at dividend yields in the range of 8 percent. Price multiples for these REITs are about 12 current FFO. What price range does this suggest for National shares? c. What is the NAV for National Property Trust assuming that a blended capitalization rate of 10 percent would be applicable for the properties owned by Blue Street Advisors? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required Develop a set of financial ratios that will provide Blue Street Advisors with useful information in the evaluation and comparison of National Property Trust with other REITs. (Round your intermediate calculations and final answers to 2 decimal places. Negative values should be indicated by a minus sign." ROA and ROE should be entered as percentages.) EPS NOI FFO ROC 2.02 5.26 4.623 0 20 X Prey 1 of 3 Next > You have been presented with the following set of financial statements for National Property Trust, a REIT that is about to make an initial stock offering to the public. This REIT specializes in the acquisition and management of warehouses, Your firm Blue Street Advisors, is an investment management company that is considering the purchase of National Property Trust shares. You have been asked to prepare a financial analysis of the REIT. I National Property Trust Panel A. Operating Statement Summary Net revenue $ 111,000,000 Less: Operating expenses 44,400,000 Depreciation and amortization 33,000,000 General and administrative expenses 7,100,000 Management expense 4,100,000 Income from operations 22,400,000 Less: Interest expense 6,400,000 Net Income (loss) $ 16,000,000 "At 8% interest only Panel B. Balance Sheet Summary Assets Cash Rents receivable Properties @ cost Less: Accumulated depreciation Properties-net Total net assets Liabilities Short term Mortgage debt Total Shareholder equityt Total liabilities and equity 'At 8% interest only $ 52,600,000 3,600,000 810,000,000 461,800,000 349,000,000 $ 105,200, eee $ 102,200,000 30,000,000 182,200,000 223,000, een $ 405,200,000 710,000,000 shares outstanding. Required: a. Develop a set of financial ratios that will provide Blue Street Advisors with useful information in the evaluation and comparison of National Property Trust with other REITS. b. Your research also indicates that the shares of comparable REITs specializing in warehouse acquisitions in the same regions are selling at dividend yields in the range of 8 percent. Price multiples for these REITs are about 12 current FFO. What price range does this suggest for National shares? c. What is the NAV for National Property Trust assuming that a blended capitalization rate of 10 percent would be applicable for the properties owned by Blue Street Advisors? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required Develop a set of financial ratios that will provide Blue Street Advisors with useful information in the evaluation and comparison of National Property Trust with other REITs. (Round your intermediate calculations and final answers to 2 decimal places. Negative values should be indicated by a minus sign." ROA and ROE should be entered as percentages.) EPS NOI FFO ROC 2.02 5.26 4.623 0 20 X Prey 1 of 3 Next >