Bhumi, a mall REIT, has an EBITDA of $30 MM.   Cap Ex is about $5MM.    The enterprise value of the firm is about $357 MM.   Bhumi's cash and non-real estate assets, which are part of the enterprise value, total $59MM. Assume debt is about $100M. What is the implied cap rate for Bhumi?

Answer rating: 100% (QA)

To calculate the implied cap rate for Bhumi we need to first calculate the net operating income ... View the full answer