J.P. 摩根-全球-房地产行业-全球REIT雷达：无法抗拒的零售商场折扣-2017.9.27-JPMORGAN-Global REIT Radar Deep discounts in Retail Mall valuations, hard to resist.pdf

下载文档 降价啦

4
0
约20.03万字
约 36页
2019-02-05 发布于山东
举报
版权申诉
保障服务

J.P. 摩根-全球-房地产行业-全球REIT雷达：无法抗拒的零售商场折扣-2017.9.27-JPMORGAN-Global REIT Radar Deep discounts in Retail Mall valuations, hard to resist.pdf

1、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。

Completed 27 Sep 2017 01:52 PM AEST Disseminated 27 Sep 2017 01:58 PM AEST Global Equity Research 27 September 2017 Global REIT Radar Deep discounts in Retail Mall valuations, hard to resist In this second edition of J.P. Morgan’s Global REIT Radar, we review Global Real Estate recent performance and relative value, across 10 jurisdictions and key AC Ben Brayshaw sectors based on 180 property companies under our coverage. A focal (61-2) 9003-8659 point this month is the valuation of Retail mall owners. Retail is now benjamin.j.brayshaw@ priced at an average ~20% discount to NAV globally. This includes large Bloomberg JPMA BRAYSHAW GO scale Retail REITs in the U and UK, trading at 30-35% discounts, and J.P. Morgan Securities Australia Limited AUS at an average ~25% discount. This is despite Retail REIT Richard Jones, CFA fundamentals having held up better than a harsh retail narrative implies. (61-3) 9633-4038 richard.b.jones@