A generational opportunity to invest in distressed NYC commercial real estate at a significant discount to underlying asset value.
Class A writing here Tuan. Fantastic and valuable breakdown of $VNO.
Tuan, this is a great write-up. Could you walk me through how you estimated the 8.3% cap rate?
Thanks Rafal. The 8.3% cap rate is calculated by taking the trailing 12 month NOI at share and dividing it by the adjusted enterprise value. So ~$1.15bn / $13.8bn per the screenshot.
That makes sense, thank you!
Nicely done Tuan
Class A writing here Tuan. Fantastic and valuable breakdown of $VNO.
Tuan, this is a great write-up. Could you walk me through how you estimated the 8.3% cap rate?
Thanks Rafal. The 8.3% cap rate is calculated by taking the trailing 12 month NOI at share and dividing it by the adjusted enterprise value. So ~$1.15bn / $13.8bn per the screenshot.
That makes sense, thank you!
Nicely done Tuan