The Unofficial Campaign for Explicit DCF Valuations
Thoughts on risk number 8: is yield an indicator of risk?
Assuming that the market is efficiently priced, pricing adjusts to equalise risk-adjusted expected [...]
Thoughts on risk number 7: Many scorecards of risk include vacancy as a component, but does a vacant unit contribute to higher or lower risk?
To answer the question, we need to consider the context: are we interested in [...]
Thoughts on risk number 6: if the market was efficiently priced…
Return drivers can vary enormously across individual properties, e.g., rental growth or letting periods. [...]
Thoughts on risk number 5: It’s a black box
Maths is complicated. However, many things are complicated that are not regarded as a [...]
Thoughts on risk number 4: Can you use past returns to measure risk?
‘You cannot use past returns to measure risk’ is a much-repeated adage in discussions [...]
Thoughts on risk number 3: what return is required?
Several common themes have emerged when we have worked with clients on their investment [...]