Price- implied capital value of CCT’s office portfolio
Unitholders' Equity @ Sep 08 4,382.8
Market cap @ $1.02/unit 1,421.2
Difference (1) 2,961.5
Combined value of office buildings on balance sheet (2) 5,293.1
Implied value of office buildings (2) - (1) 2,331.6
Net lettable area of office portfolio (sq ft) 2,678,325
Price-implied cap value for office properties ($psf) 870.5
Unitholders' Equity @ Sep 08 4,382.8
Market cap @ $1.02/unit 1,421.2
Difference (1) 2,961.5
Combined value of office buildings on balance sheet (2) 5,293.1
Implied value of office buildings (2) - (1) 2,331.6
Net lettable area of office portfolio (sq ft) 2,678,325
Price-implied cap value for office properties ($psf) 870.5