Author:
Adams Andrew,Venmore‐Rowland Piers
Abstract
Discusses the distinctions between property investment/development
companies and property developer/trading companies, and notes the
differences in valuation methodology. Explains that the valuation of
property investment/development company shares is based on estimated net
asset value (NAV), and the process by which the shares may be traded on
the stock market at a discount or a premium to this. Identifies the
factors which influence the discount or premium to NAV and suggests a
framework whereby the shares may be evaluated in a more explicit manner.
Subject
Hardware and Architecture,Geology,Geotechnical Engineering and Engineering Geology
Cited by
28 articles.
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