What is implied cap rate?
A REIT valuation measure: property NOI divided by the REIT’s enterprise value or implied asset value, used to compare public-market pricing to private-market cap rates.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.