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Alex's avatar

Class A writing here Tuan. Fantastic and valuable breakdown of $VNO.

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Rafal Tworkowski's avatar

Tuan, this is a great write-up. Could you walk me through how you estimated the 8.3% cap rate?

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Tuan Nguyen, CFA's avatar

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.

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Rafal Tworkowski's avatar

That makes sense, thank you!

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John McGrath's avatar

Nicely done Tuan

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