08-11-2013, 08:02 PM
im wondering what's the most optimal method to value REIT?
is it DDM? if yes what would be the proper discount rate? (i estimate it to be ~8% -> disc rate = div yield (~5.8%) + growth rate (~2%))
or DCF? if yes what cash flow should we project (funds available for distr/ net income/ taxable income/ net prop income?) and again what is the WACC?
thanks si fu!!
is it DDM? if yes what would be the proper discount rate? (i estimate it to be ~8% -> disc rate = div yield (~5.8%) + growth rate (~2%))
or DCF? if yes what cash flow should we project (funds available for distr/ net income/ taxable income/ net prop income?) and again what is the WACC?
thanks si fu!!