Property-by-Property Valuation of Publicly Traded Real Estate Firms
Corgel, John B, The Journal of Real Estate Research
Abstract. Because the assets held by publicly traded real estate companies are infrequently traded, their values must be estimated to determine the relationship between share prices and net asset values for investment purposes. Alternative modeling approaches may be followed to accomplish these valuations, including income-based and transaction-based models. The real estate values of publicly traded firms are estimated in this study using a hedonic pricing model that combines the market's valuation of the fundamental characteristics of the assets with the specific characteristics of each asset being valued. After converting asset values to estimates of net asset values, the net asset …
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Publication information: Article title: Property-by-Property Valuation of Publicly Traded Real Estate Firms. Contributors: Corgel, John B - Author. Journal title: The Journal of Real Estate Research. Volume: 14. Issue: 1/2 Publication date: January 1, 1997. Page number: 77+. © American Real Estate Society Oct-Dec 2008. Provided by ProQuest LLC. All Rights Reserved.
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