NO.PZ2023041004000051
问题如下：
Rosse continues: “I prefer to employ the following three factors for REIT valuation.”
Which of Rosse’s three valuation factors would most likely be used in a non market-based valuation approach?
选项：
A.Factor 1 B.Factor 2 C.Factor 3解释：
A is correct. Capitalization rates are used as an input to calculate net operating income when calculating net worth, or net asset value, which is not a market-based approach.B is incorrect. Factor 2 describes inputs to a relative value (or market-based) approach to valuing REIT stocks.C is incorrect. Factor 3 describes inputs to a relative value (or market-based) approach to valuing REIT stocks.不是指的现金流折现吗？为什么属于asset-based？
