Editing Net asset value (section)

==Real estate investment trusts==
NAV is one of the valuation indices of [[real estate investment trust]]s (REITs, pronounced "Reets"). NAV is normally quoted "per investment unit" where the value is divided by the number of total outstanding investment units. In simple terms, NAV is an adjusted net asset value reflecting the market values of real estate properties held by an investment corporation. The degree of premium/discount on individual investment unit prices relative to the per-unit NAV serves as the yardstick for assessment. The NAV index is synonymous to the adjusted [[price-to-book ratio]] in which factors such as unrealized losses/gains of owned properties and brand values are reflected. News companies such as PropertyMall typically report on a REIT's NAV when the company reports it.<ref>{{cite web |url=http://www.propertymall.com/press/article/24597 |title=Hammerson - General |publisher=Propertymall.com |access-date=2012-04-17 |archive-url=https://web.archive.org/web/20120320162239/http://www.propertymall.com/press/article/24597 |archive-date=2012-03-20 }}</ref>