| ||
| ||
|
MV = estimated market value
NOI = the net operating income from a real estate investment.
k = the rate that equity investors require from a real estate investment.
g = the growth rate of NOI (assumed to be constant).
C = k – g = the market capitalization rate.
| ||
| ||
|
MV = estimated market value
NOI = the net operating income from a real estate investment.
k = the rate that equity investors require from a real estate investment.
g = the growth rate of NOI (assumed to be constant).
C = k – g = the market capitalization rate.
| ||
| ||
|
| ||
| ||
|
| ||
| ||
|
| ||
| ||
|
C0 = (mortgage weight × mortgage cost) + (equity weight × equity cost).
| ||
| ||
|
C0 = (mortgage weight × mortgage cost) + (equity weight × equity cost).In this case, the capitalization rate is: (0.35)(10) + (0.65)(13) = 11.95%.
| ||
| ||
|
| ||
| ||
|
| ||
| ||
|
| ||
| ||
|
| ||
| ||
|
| ||
| ||
|
欢迎光临 CFA论坛 (http://forum.theanalystspace.com/) | Powered by Discuz! 7.2 |