Real Estate (REIT) Modeling and Valuation includes

skills certificate

Real Estate (REIT) Modeling and Valuation

| skills-certificate

skills certificate

Real Estate (REIT) Modeling and Valuation

| Skills Certificate
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6.5

Hours

31

Practical exercises

1

Exam

Get to grips with real estate modeling and valuation in full. Bridge the gap between your existing accounting knowledge and learn what REITs are, how to analyze them, and how to value them with our online real estate investing course. Master the critical skills needed to complete a comprehensive REIT valuation model based on real company data.

Introduction to REITs

10 video minutes

0 excel exercises

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Video minutes 10

Excel Exercises 0

  • What is a REIT?
  • How a REIT is structured
  • Presentation in the financials
  • How REITs grow

FFO and AFFO

15 video minutes

3 excel exercises

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Video minutes 15

Excel Exercises 3

  • Defining and calculating Funds from Operations (FFO)
  • Defining and calculating Adjusted Funds from Operations (AFFO)
  • Understanding straight-line leases

US GAAP vs IFRS

3 video minutes

0 excel exercises

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Video minutes 3

Excel Exercises 0

  • Summary of IFRS 40
  • FFO and AFFO for non-US REITs
  • Impact on valuation

Cap Rates

14 video minutes

2 excel exercises

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Video minutes 14

Excel Exercises 2

  • Calculating NOI
  • How leases and property types affect cap rate
  • Applying the analysis to investments

Building a REIT Operating Model

63 video minutes

13 excel exercises

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Video minutes 63

Excel Exercises 13

  • Preparing the supplemental calculations of Revenues & Costs
  • Preparing fixed assets calculations of Property Acquisitions, Property Development/Redevelopment, Asset Disposals
  • Calculating Dividends using FFO
  • Calculating Equity Investments and NCI
  • Preparing the Income Statement
  • Preparing the Balance Sheet
  • Preparing the Cash Flow Statement
  • Calculating the Debt and Equity needed to fund future growth

REIT Valuation

32 video minutes

2 excel exercises

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Video minutes 32

Excel Exercises 2

  • How valuing REITs differs from traditional corporates
  • Valuation using NAV, trading and transaction comparables, and DCF
  • Calculating cost of capital for a REIT

Comprehensive REIT Valuation Model - NAV

14 video minutes

4 excel exercises

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Video minutes 14

Excel Exercises 4

  • Calculating fully diluted shares
  • Calculating the operating assets with capitalized income
  • Calculating equity investments and other operating, non-real-estate assets
  • Calculating liabilities and other claims on assets

Comprehensive REIT Valuation Model - DCF

30 video minutes

7 excel exercises

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Video minutes 30

Excel Exercises 7

  • Calculating WACC
  • Calculating PV of FCF
  • Determining dilution from future equity issuances
  • Calculating terminal valuing using multiples and perpetuity method
  • Running sensitivities
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Wall Street Recognized Certification

Established on Wall Street, Financial Edge has taught at the biggest bulge-bracket firms since 2016, and now we offer that very same training online for you. It’s no secret that banking is fiercely competitive, which is why our Wall Street recognized certification is designed to let your employers know you have the skills to succeed.

This course is officially CPD certified

Continuing Professional Development (CPD) keeps a record of your increasing skills, knowledge and experience throughout your career, which now includes select Financial Edge certifications.

What Our Students Say

Real Estate (REIT) Modeling and Valuation Skills Certificate is included in your Felix Plan

Boost

Includes full access to all certified courses.

£449
Billed annually.
Get Started
Boost includes:
  • 184+ hours of instructor-led learning
  • Search across 350+ playlists, 3000+ videos and Q&As
  • Role-focused pathways
  • Expert instructor support

Pro

Full Felix access including all learning content and data features.

£699
Billed annually.
Get Started
Pro includes:
  • Everything in the Boost plan
  • Streamlined company data
  • Current and historic filings for over 7000 companies
  • Market and industry data
  • Ready-to-use sector and transaction models

Compare plans

Boost Pro
Completion certificates 38 38
Skills certificates 51 51
Micro-degrees 12 12
Searchable library of 350+ playlists, 3000+ videos and Q&As
10 role-based learning pathways, including Investment Banking, Equity Research, Sales and Trading and more
Expert instructor support
Practical exercises to work alongside videos and quick quizzes to test your understanding
Weekly live webinars
Streamlined company data (WACC. & EV bridge calculator, custom comparables)
Current and historic filings for over 4,000 US firms
Current and historic filings for over 7,000 firms globally
Link to, label and share data points in filings (limited to 10 for Free and Boost users, unlimited for Pro)
Regional and industry data sets
Ready-to-use sector and transaction models
Boost £449 Billed annually Get Started
Pro £699 Billed annually Get Started

Frequently Asked Questions

What tech do I need?

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Access your course across desktop, laptop, tablet or phone; either via our web portal or the dedicated mobile app. While we have optimized our video quality and size, we recommend a broadband connection to enable uninterrupted video playback. A PDF reader and spreadsheet application are required to open the supporting resources.

Is it right for me?

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Our online courses reflect the training new analysts receive at the leading financial organizations. They're challenging, but if you want to demonstrate you are as good as the best in the industry then this is the course for you. The top investment banks will recognize our micro-degree certifications, making them perfect for graduates looking to land a job or a professional preparing for a new role.

Are Financial Edge's courses credible?

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The leading investment banks, as rated by the FT, hire us to train their incoming analysts. If you are looking to join the best analysts in the world, why not challenge yourself with the same content and certification with the same Wall Street instructors ready to answer your questions.

Will the Real Estate (REIT) Modeling and Valuation help me get a job?

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Absolutely. Develop practical skills you can use to impress at interviews, whether you’re looking to break into finance or change roles.

How long do I have to complete the Real Estate (REIT) Modeling and Valuation ?

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Everyone works at their own pace so there's no restrictions, all you need is an active Felix plan for the course you are completing. All Felix plans renew annually.

Are there any hidden costs?

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No. Everything you need is included, from instructor-led videos and Excel exercises to the exams.

What is CPD?

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All of our online courses are CPD accredited. CPD stands for Continuing Professional Development and makes demonstrating your commitment to learning easy. Your institution or accrediting body may track CDP points through activities, units or hours. Check with the relevant party to find out how you should be monitoring your progress.

What support will I get along the way?

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Our expert instructors are standing by to answer questions and help you develop a detailed understanding of finance complexities. Our technical support team are also ready to help with any system problems.