tag:blogger.com,1999:blog-5953817218854024561.post7206182601617388967..comments2023-09-28T23:58:43.108+08:00Comments on NTU Chartist: Undervalued stocksntuchartisthttp://www.blogger.com/profile/00601670816224543861noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5953817218854024561.post-73255491615878134652008-11-26T13:08:00.000+08:002008-11-26T13:08:00.000+08:00Thanks!Hmm, I am not sure about the exact way the ...Thanks!<BR/><BR/>Hmm, I am not sure about the exact way the REITs are evaluated. But I suppose the NAV is dependent on how much their property they have is worth? <BR/><BR/>If it is as such, wouldn't a devaluing property market cause a drop in their NAV?<BR/><BR/>Also, could you froward me the research article that you recommend? I would think that I can learn quite a lot of stuff on REITs from there... thanks!ntuchartisthttps://www.blogger.com/profile/00601670816224543861noreply@blogger.comtag:blogger.com,1999:blog-5953817218854024561.post-48483201123679740112008-11-26T00:54:00.000+08:002008-11-26T00:54:00.000+08:00Don't quite agree with your statement about REIT a...Don't quite agree with your statement about REIT and Trust tangible asset value, as they do follow accounting standard like any of the other company out there in valuing their assets.<BR/><BR/>One main reason for the steep discount to the book value can be attribute to the very fundamental of REIT in that they distribute 90 of their NPI as distribution to unit holder. So unlike other entity, the value of the REIT in reality will deteriorate over time, unless they replenish the existing portfolio.<BR/><BR/>Also the steep discount is compounded by the concern of refinancing for the REITs, given the current credit market. If you need a good research cpy about this, drop me an email, and I'll forward it to you.<BR/><BR/>Keep it up dude.<BR/>ZhuangZi<BR/>http://www.NUM13er.comAnonymousnoreply@blogger.com