Question
The following problem uses the Net Asset Value approach to value a REIT. Assume a REIT has net debt of $1,250M, and 100M shares outstanding.
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The following problem uses the Net Asset Value approach to value a REIT. Assume a REIT has net debt of $1,250M, and 100M shares outstanding. Both the stock price and NAV/share = to $34.91 and a fair cap rate for the portfolio is 5.8%. What is the implied NOI?
$100M
$102.5M
$275M
$110.0M
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Financial Management Principles And Applications
Authors: Arthur J. Keown
9th Edition
013033362X, 9780130333629
