Journal of Valuation: Volume 5 Issue 3
Table of contents
PERFORMANCE ASSESSMENT INDEXES AND CAPITAL ASSET PRICING MODELS
STUART LOCKEThe applicability of capital asset pricing theory to the derivation of performance measures for real estate is examined. Although risk and return are fundamental concepts in…
RISK‐EXPLICIT APPRAISAL: A SLICED INCOME APPROACH
ANDREW BAUMProperty investment risk is traditionally accounted for by valuers in a risk‐adjusted discount rate approach, although this term, popular in mainstream finance, is rarely used…
CASH FLOWS AND RISK ANALYSIS
JOHN ROBINSONMuch has been written about probabilistic methods of risk analysis and about the probability distributions required for its use. This paper demonstrates a method known as the…
THE VALUATION OF RETAIL STORES
MICHAEL STJ HOPPERThe paper describes the various types of retail stores found in shopping centres and states that rental valuations are made by reference to rents paid for comparable premises. The…