愛同學(xué)
2023-05-21 15:22Why do you add back other assets.
Don't you only add cash & accounts receivable. Not other assets because it's not liquid
所屬：CFA Level II > Alternative Investments 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個(gè)回答
Johnny助教
2023-05-22 12:52
該回答已被題主采納
NAVPS is the difference between a real estate company's assets(rather than current asset) and its liabilities, all taken at current market values instead of accounting book values, divided by the number of shares outstanding.
NAVPS = (Market Value of Assets – Market Value of Liabilities)/number of shares
First, by capitalizing NOI with certain adjustments, the analyst obtains an estimate of the value of rental properties; then, the value of other tangible assets is added, and the total is netted of liabilities. This net
amount, NAV, is then divided by the number of shares outstanding to obtain NAVPS
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