B 卷morning 56题
Q.
Which of Schulman’s reasons regarding her preferred approach to valuing REITs is most likely correct?
Reason 1: NAVPS accounts for the value of property not currently generating revenue.
Reason 2: NAVPS includes the added value of the management of the REIT.
Reason 3: NAVPS reflects the market value of the property portfolio rather than often stale historical cost values.
答案是reason 3
计算navps时要加上land held for future ，这项不就是
property not currently generating revenue吗？所以我认为reason1也是对的。
