REIT and Full Year Adjustment for Acquisition

What is the full year adjustment for acquisition in the net asset value calculation under REIT and why do we add to the NOI?

The NAV calculation is estimating the value of the assets using a capitalization rate on the REIT’s net operating income (NOI). If a REIT acquired an asset halfway through the year, you will need to gross-up that asset’s NOI to arrive at the full-year NOI before you apply the cap rate.

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gotcha thanks- so its an upward adjustment