Do internal estimates of property values have a place in calculating RNAV?
Details about estimates will make them more meaningful for shareholders; such figures may be worth a second look, depending on rationale and assumptions behind them
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INVESTORS should not be too quick to dismiss a company's revalued net asset value (RNAV) even if it was calculated using internal estimates of asset values.
While greater disclosure of the details and basis of these estimates will certainly make them more meaningful for shareholders, such figures may still be worth a second look, depending on the rationale and assumptions behind them.
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