Intermediate
Net asset value and cap rate sensitivity
Net asset value estimates what remains for shareholders after valuing assets and subtracting claims. Small changes in property yields can produce large changes in leveraged equity...
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REITs Investment Guide
Understand property businesses, read REIT financial results and assess the price of income. Follow eight stages from ownership and leases to valuation, portfolio construction and advanced research.
Start with What you own when you buy a REIT, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
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Valuation and Returns
Compare income yields, property values and the price paid for growth.