NO.PZ2023041004000046
问题如下：
Mitchell tells Blanchard about the benefits of using multiples of price to funds from operations (P/FFO) and price to adjusted funds from operations (P/AFFO) in the valuation of real estate investment trusts (REITs) and real estate operating companies (REOCs). He explains the following benefits:
Benefit 1: FFO estimates are readily available through market data providers.
Benefit 2: Applying a multiple to FFO and AFFO captures the intrinsic value of real estate assets held by a REIT or REOC.
Benefit 3: Multiples of earnings measures of this type are widely accepted in evaluating shares among global stock markets and industries.Which of Mitchell's statements regarding the benefits of using P/FFO and P/AFFO multiples when valuing REITs and REOCs is least likely correct?
选项：
A.Benefit 2 B.Benefit 3 C.Benefit 1解释：
Applying a multiple to FFO and AFFO may not capture the intrinsic value of real estate assets held by the REIT or REOC. Some properties do not produce income and thus would not contribute to FFO but still have value.FFO estimates are readily available through market data provider。
