NO.PZ202301100200000201
问题如下:
Using the data in Exhibit 1, NECP’s net worth per share is closest to:选项:
A.US$45.66. B.US$48.02. C.US$52.29.解释:
SolutionC is correct. The net asset value per share (NAVPS) is 52.29 . The NAVPS often is used as a fundamental benchmark for the value of a REIT. Discounts in the REIT share price from NAVPS are interpreted as indications of potential undervaluation. NAVPS is considered to be a superior measure of the net worth of a real estate company compared with book value per share.
A is incorrect. This is the book value per share (. Book values are based on depreciated historical costs rather than current appraised values.
C is incorrect. This is the current share price (.
为什么不是NOI/cap rate 得到property 的value,然后在加上其他资产的价值,减去总负债的价值,得到reits净资产,再除以shares?