Property share valuation
- 1 February 1990
- journal article
- research article
- Published by Emerald Publishing in Journal of Valuation
- Vol. 8 (2) , 127-142
- https://doi.org/10.1108/eum0000000003279
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.Keywords
This publication has 1 reference indexed in Scilit:
- THE INFORMATION CONTENT OF PROPERTY VALUATIONSJournal of Valuation, 1985