Property share valuation
Abstract
Discusses the distinctions between property investment/development companies and property developer/trading companies, and notes the differences in valuation methodology. Explains that the valuation of property investment/development company shares is based on estimated net asset value (NAV), and the process by which the shares may be traded on the stock market at a discount or a premium to this. Identifies the factors which influence the discount or premium to NAV and suggests a framework whereby the shares may be evaluated in a more explicit manner.
Keywords
Citation
Adams, A. and Venmore‐Rowland, P. (1990), "Property share valuation", Journal of Valuation, Vol. 8 No. 2, pp. 127-142. https://doi.org/10.1108/EUM0000000003279
Publisher
:MCB UP Ltd
Copyright © 1990, MCB UP Limited