Real Estate (REIT) Modeling – Wall Street Prep

Ideal for investment banking, equity research, and real estate professionals with a focus on REITs. Trainees build financial and valuation models for a REIT the way it’s done on the job.Course ObjectiveAt completion, trainees will have developed a comprehensive REIT model from scratch.First, we will learn about the REIT industry’s unique drivers and challenges. We will then build REIT financial and valuation models from scratch, using a step-by-step approach for an actual company, BRE Properties. Along the way, we will cover modeling best practices for same store properties, acquisitions, developments, and dispositions. In addition, we model and deconstruct critical REIT profit metrics like FFO, AFFO, and CAD. Part 2 dives into valuation modeling, with a focus on the Net Asset Value (NAV) approach.What You Will LearnIn-depth REIT industry profile, drivers, terminology, tax advantages and structure (UPREIT’s and DOWNREIT’s)Segment-level modeling (same store properties, acquisitions, developments, and dispositions)REIT sector-specific drivers and forecasting best practicesCommon REIT valuation approaches including Net Asset Value (NAV), comparable company and transaction analyses, and discounted cash flow (DCF) analysisModeling REIT-specific metrics and ratios – funds from operations (FFO) and adjusted funds from operations (AFFO / CAD)Wall Street Prep’s Accounting Crash Course is used at top financial institutions and business schools.  Full Course AgendaChapter 1: Introduction to Accounting openIntroductionBasic Accounting PrinciplesFinancial Reportings & Important FilingsReading the 10KChapter 2: The Income Statement openRevenueRevenue RecognitionRevenue ManipulationCOGS & Gross ProfitSelling, General & Administrative, Research & DevelopmentExpensesDepreciationAmortizationNon-Operating Items & TaxesNet Income, EPS & DividendsEBIT, EBITDA & Income Statement SummaryThe Lemonade Stand, Part 1The Lemonade Stand, Part 2Chapter 3: The Balance Sheet openAn Introduction to AssetsAn Introduction to LiabilitiesDouble Entry AccountingHow the Income Statement Connects to the Balance SheetThe Lemonade Stand RevisitedHow Assets & Liabilities are PresentedChapter 4: Assets openCash, Receivables & Prepaid ExpensesInventoryProperty, Plant & Equipment, Part 1Property, Plant & Equipment, Part 2Intangible Assets & GoodwillChapter 5: Liabilities & Equity openPayable, Accrued Expenses, Deferred Revenue & DebtOperating & Capital LeasesEquityThe Lemonade Stand, Part 3Chapter 6: The Cash Flow Statement openThe Cash Flow StatementCash From OperationsCash From Financing & Cash From InvestingThe Lemonade Stand, Part 4Chapter 7: Financial Statement Analysis openFinancial Statement AnalysisTag: “Real Estate (REIT) Modeling – Wall Street Prep” Review. “Real Estate (REIT) Modeling – Wall Street Prep” download. “Real Estate (REIT) Modeling – Wall Street Prep” discount.