Question
The following problem uses the Net Asset Value approach to value a REIT. Assume a REIT has net debt of $2,000M, and 120M shares outstanding.
The following problem uses the Net Asset Value approach to value a REIT. Assume a REIT has net debt of $2,000M,
and 120M shares outstanding. The stock price and NAV/share = to $15.38 and a fair cap rate for the portfolio is 6.50%.
What is the implied NOI in $M?
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The School Fundraising Handbook
Authors: Lindsey Marsh
1st Edition
1785834266, 978-1785834264
