Bank of America Investment Banking Pitch Book
Summary of Wall Street Research Estimates on RHO
Firm
Boenning & Scattergood
KeyBanc Capital Markets
Canaccord Genuity
RBC Capital Markets
Stifel Nicolaus
Bank of America Merrill Lynch
Barclays Capital
Average
SNL Consensus
Green Street Advisors
RHO Projections
8
Report
Date
1/26/2016
2/5/2016
1/19/2016
1/19/2016
1/19/2016
1/12/2016
11/13/2015
1/19/2016
Sources: SML Financial, Green Street Advisors and Wall Street Research.
Note: SML Consensus and Green Street Advisors as of February 2016
Wall Street Research Summary
FFO per Share
2016E
$1.93
2.01
2.14
1.99
1.98
1.77
1.92
$1.96
$2.00
$1.83
$1.98
2017E
$2.37
2.21
2.31
2.16
2.14
1.90
2.06
$2.16
$2.21
$1.89
$2.45
2016E
$187
184
179
94
209
$170
$183
$189
EBITDA
2017E
$199
215
189
102
221
$185
$201
$212
Estimate
$19.28
19.39
19.72
22.53
20.00
16.48
20.14
$19.65
$20.17
Bank of America
Merrill Lynch
$16.67
NAV
Estimate Period
Q3 2015 NTM
Q3 2015 NTM
2015E
2016E
2015E
Q3 2015 NTM
Q3 2015 NTMView entire presentation