NAV

NAV – short for Net Asset Value

Diluted Net Asset Value or Diluted NAV

Diluted Net Asset Value or Diluted NAV – Diluted NAV per share shows the net assets per common share after assuming the exercise of all outstanding warrants and stock options, and the conversion of convertible bonds, preferred stock, and any security that needs to be taken into consideration. Diluted Net Asset Value or Diluted NAV Click […]

NAV Total Return per share

NAV Total Return or NAV Total Return per Share NAV Total Return is the return of all the assets of the company less any money owed, including dividends NAV Total Return per Share is the return of all the assets of the company less any money owed, including dividends, divided by the number of outstanding share in issue. See NAV per […]

EPRA NAV

The EPRA NAV is a net asset value per share calculated in accordance with EPRA’s methodology i.e. net assets on the balance sheet excluding the effects of hedges, debt adjustments associated with the hedges and deferred taxation. It also adjusts the share in issue for the potential dilution of shares issuable under employee share schemes Click here to subscribe for […]

Discount to NAV

Discount to NAV – The amount by which the net asset value (NAV) exceeds the share price, calculated as the share price divided by the net asset value and expressed as a percentage. Read our guide to discounts The share price of an investment trust can differ from the net asset value (NAV). If the […]

Net Asset Value per share (NAV per share)

Net Asset Value per share (NAV per share) – The Net assets divided by the number of shares in issue (often just abbreviated to net asset value or NAV). Read our guide to net asset values Click here to subscribe for free equity research on investment trusts, funds and listed companies.

Value investing

Value investing – investing in companies where their shares are on cheaper valuations than the market values them at. Investor can make money when the markets “appreciates” the actual value of an undervalued company and the share price rises to the NAV or a premium. Value stocks can have higher dividend yields than growth stocks. The investor must […]

reference benchmark

reference benchmark – When a fund does not have a benchmark, investment companies and investment managers offer reference or a comparitor benchmark. This helps investors / shareholders appreciate how the NAV and share prices have done and helps put that performance into context. Funds that do not have a benchmark index are often absolute return funds, a total return funds or pure unfettered stock picking funds.

comparitor – as a substitute benchmark

comparitor – When a fund does not have a benchmark, investment companies and investment managers offer a comparitor or reference benchmark. This helps investors / shareholders appreciate how the NAV and share prices have done and helps put that performance into context. Funds that do not have a benchmark index are often absolute return funds, […]

EPRA

EPRA is an abbreviation of European Public Real Estate Association. EPRA is involved with and represents the interests of the European REIT sector as well as Pubic commercial property in general. It sets standards for the calculation of important measures in the property sector such as EPRA NAV. Click here to subscribe for free […]

Debt at fair value

Some companies borrow money with long maturities . The people who have lent the company this money know they can rely on a defined income until the loan matures. They could sell the debt on to someone else but, if the market rate of interest has changed since they lent the money, the debt is […]

Glossary

NAV