商业地产的租金收入

问题如下：

Which of the following statements relating to commercial real estate is correct?

选项：

A.

Rental income from commercial real estate is generally unstable across business cycles.

B.

Commercial real estate investments generally offer a good hedge against bad consumption outcomes.

C.

The key difference in the discount rates applied to the cash flows of equity investments and commercial real estate investments relate to liquidity.

解释：

To arrive at an appropriate discount rate to be used to discount the cash flows from a commercial real estate investment, a liquidity premium is added to the discount rate applicable to equity investments. The added liquidity premium provides additional compensation for the risk that the real estate investment may be very illiquid in bad economic times.