(and yes, we know i rates, Fed funds, bank CDs, etc-etc will be going up. how much up, when up, still very much tbd) (so that is a neg for reits right now, vs the fact that they can raise rents and the econ is sorta improving, not to mention that 2-3% CDs is still a crummy yield)
don, care to enlighten us and explain how NAV is calculated. Thanks so much in advance. (ps-just going over some of my owned rental houses, I have one that is depreciated to under $20K now (really just land price from 30 years ago). That $20K "book" yields $12K/year in rents. Wonder what my NAV on that property is? Guess I could just say my $12K is worth 6%, 12/.06 = $200K. Is that my NAV? Or is $20K my NAV? Or somewhere in the middle? Tell me please!
Isn't that NAV (book value) based on a depreciated "value" on a property that may in fact have appreciated? Just saying I don't think NAV even approximates current market values. I have a rental property that is depreciated to about $30K and I could sell it for 4-5X that easily.