Assume you have a REIT that invests in multifamily apartment buildings. The REIT has estimated its property
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Question:
Assume you have a REIT that invests in multifamily apartment buildings. The REIT has estimated its property level cash flows for the next year to be:
(in millions) | |
Total Annual Real Estate NOI | $500 |
Land held for investment and/or sale | $1750 |
Cash and cash equivalents | $750 |
Total Liabilities (including Minority Interest) and Prfd Stock | $1,500 |
Total common shares and units outstanding are 250 million. Current stock price is $40 per share.
Estimate the implied property cap rate.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: