If the per share stock price of a REIT is greater than its per share net asset value (NAV), the REIT is said to be selling at:

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If the per share stock price of a REIT is greater than its per share net asset value (NAV), it is said to be selling at a premium. This means that investors are willing to pay more for the stock than the underlying assets are worth. A discount would be when the stock price is lower than its NAV, and par value refers to the stated face value of a security. An auction is a process for buying and selling assets that involves bidding and negotiations.

If the Per Share Stock Price of a REIT Is