NO.PZ2018111302000038
问题如下：
An analyst had put together the financial data of a REIT.
Based on the income statement, the 2017 year-end share price of the REIT using Price / FFO multiple was closest to:
选项：
A.$15.28.
B.$17.55.
C.$21.36.
解释：
B is correct.
考点：REITs估值方法
解析：要用Price / FFO multiple来计算股价，已知multiple为13x，那么只要计算FFO per share即可。
FFO=Net income + depreciation and Amortization + loss from property disposal = 92 + 45 + 22 = $159 million
FFO/share = $159/118 = $1.35
那么stock price = Price to FFO multiple * FFO per share = $1.35 * 13 = $17.55
如题
