Regency Centers Would Be Lucky Just to Maintain Present Levels [View article]
You are leaving out JV share of NOI. Your forecasted EBITDA is $20M different than RBC's but you have a price target of half of his using the same cap rate.
Regency Centers Would Be Lucky Just to Maintain Present Levels [View article]
you didn't account for any of the JV share and other NOI items. You need to be careful here - don't assume that your $20M difference could decreases market cap by 70%.
Regency Centers Would Be Lucky Just to Maintain Present Levels [View article]
Regency Centers Would Be Lucky Just to Maintain Present Levels [View article]