Question 2 asks to compute the value-per-share for a REIT using NAV. Why is “non-cash rents” excluded from the calculation ? I’m trying to reconcile this to when it WAS included in one of the exhibits in the readings on NAV. thanks in advance
Question 2 asks to compute the value-per-share for a REIT using NAV. Why is “non-cash rents” excluded from the calculation ? I’m trying to reconcile this to when it WAS included in one of the exhibits in the readings on NAV. thanks in advance