Question: This question has to do with how to value a REIT using Net Asset Value. (All values are in Millions) Assume a REIT has total

This question has to do with how to value a REIT using Net Asset Value. (All values are in Millions) Assume a REIT has total debt of $900M, there are 100M shares outstanding, both the stock price and NAV/share equal $15, and a fair cap rate for the portfolio is 6.0%, what is the implied NOI?

$100M
$144M
$90M
$158M

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