WWW.STANJOHNSONCO.COM BROKER OPINION OF VALUE April 2013 Survey Results Presented by Andrew Barnes
Aug 16, 2015
WWW.STANJOHNSONCO.COM
BROKER OPINION OF VALUEApril 2013 Survey Results Presented by Andrew Barnes
BROKER OPINION OF VALUE
STAN JOHNSON COMPANY | SAN FRANCISCO OFFICE | 650.617.3462 | PAGE 2
B | 20 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.99/7.34
January 2013 7.00/7.32
April 2013 7.01/7.32
NR | 15 Years | NN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 7.61/7.90
January 2013 7.56/7.84
April 2013 7.47/7.77
BBB | 20 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.46/6.79
January 2013 6.43/6.70
April 2013 6.33/6.63
AA | 20 Years | NNN | Flat | GL
AVERAGE PRICING (Low/High)
September 2012 5.71/6.02
January 2013 5.60/5.91
April 2013 5.52/5.84
BB+ | 20 Yrs | NNN | 10% every 5
AVERAGE PRICING (Low/High)
September 2012 6.57/6.92
January 2013 6.37/6.68
April 2013 6.18/6.47
BBB+ | 25 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 5.94/6.31
January 2013 5.89/6.20
April 2013 5.84/6.13
BBB | 25 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 5.85/6.26
January 2013 5.84/6.16
April 2013 5.75/6.08
A- | 20 Years | NNN | Flat | GL
AVERAGE PRICING (Low/High)
September 2012 5.90/6.26
January 2013 5.84/6.16
April 2013 5.68/5.99
A- | 20 Years | NNN | Flat | GL
AVERAGE PRICING (Low/High)
September 2012 5.88/6.24
January 2013 5.80/6.14
April 2013 5.68/6.00
BBB- | 15 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.25/7.65
January 2013 7.10/7.50
April 2013 6.99/7.36
NR | 20 Years | NNN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 7.33/7.66
January 2013 7.13/7.48
April 2013 7.11/7.42
BB+ | 10 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.90/8.42
January 2013 7.97/8.46
April 2013 7.99/8.44
NR | 10 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.38/7.69
January 2013 7.19/7.49
April 2013 7.05/7.35
NR | 15 Years | NNN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 7.28/7.65
January 2013 7.21/7.54
April 2013 7.13/7.42
NR | 15 Years | NN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 7.15/7.48
January 2013 6.94/7.30
April 2013 6.80/7.10
BROKER OPINION OF VALUE
STAN JOHNSON COMPANY | SAN FRANCISCO OFFICE | 650.617.3462 | PAGE 3
NR | 15 Years | NN | 10% every 5
AVERAGE PRICING (Low/High)
September 2012 7.94/8.37
January 2013 7.76/8.14
April 2013 7.60/8.04
BBB+ | 20 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.40/6.69
January 2013 6.29/6.59
April 2013 6.19/6.48
B- | 10 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.97/8.27
January 2013 8.02/8.35
April 2013 8.00/8.39
BB+ | 10 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.47/7.78
January 2013 7.36/7.63
April 2013 7.28/7.60
BBB | 10 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.18/7.53
January 2013 7.23/7.52
April 2013 7.25/7.51
BBB | 15 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.48/6.78
January 2013 6.42/6.66
April 2013 6.37/6.60
NR | 20 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.54/7.86
January 2013 7.46/7.78
April 2013 7.40/7.67
NR | 20 Yrs | NNN | 12% every 5
AVERAGE PRICING (Low/High)
September 2012 6.69/7.02
January 2013 6.44/6.68
April 2013 6.37/6.60
BBB | 20 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.70/7.05
January 2013 6.62/6.96
April 2013 6.44/6.74
BBB- | 15 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.83/7.23
January 2013 6.89/7.23
April 2013 6.75/7.15
A+ | 20 Yrs | NNN | 10% every 5 | GL
AVERAGE PRICING (Low/High)
September 2012 5.01/5.35
January 2013 4.94/5.28
April 2013 4.83/5.17
A | 20 Yrs | NNN | 10% every 5 | GL
AVERAGE PRICING (Low/High)
September 2012 4.57/4.96
January 2013 4.50/4.86
April 2013 4.28/4.64
McDonald’sBBB | 15 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.92/7.21
January 2013 6.86/7.15
April 2013 6.58/6.89
NR | 10 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.21/7.55
January 2013 7.10/7.42
April 2013 6.96/7.27
A- | 10 Years | NN | 5% in year 6
AVERAGE PRICING (Low/High)
September 2012 7.21/7.54
January 2013 7.17/7.44
April 2013 7.03/7.38
BROKER OPINION OF VALUE
WWW.STANJOHNSONCO.COM
B | 10 Years | NN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 7.53/7.90
January 2013 7.47/7.75
April 2013 7.47/7.77
A | 10 Years | NN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 6.93/7.19
January 2013 6.89/7.17
April 2013 6.84/7.13
NR | 12 Years | NN | 10% in year 5
AVERAGE PRICING (Low/High)
September 2012 7.69/8.03
January 2013 7.68/7.97
April 2013 7.60/7.97
BB- | 10 Years | NN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 7.46/7.80
January 2013 7.39/7.74
April 2013 7.29/7.63
BB+ | 12 Yrs | NN | 12% in year 5
AVERAGE PRICING (Low/High)
September 2012 7.47/7.81
January 2013 7.41/7.71
April 2013 7.29/7.59
Average Low/Average High: April 2013:6.72/7.23
January 2013:6.82/7.141
September 2012:6.87/7.21
Andrew Barnes | Associate Director [email protected]
Stan Johnson Company 530 Lytton Ave, 2nd Fl
Palo Alto, CA 94301
P: 650.617.3462 | F: 650.798.5001
NR | 10 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 N/A
January 2013 7.53/7.88
April 2013 7.45/7.77
B | 15 Years | NN | 7.5% every 5
AVERAGE PRICING (Low/High)
September 2012 N/A
January 2013 7.45/7.74
April 2013 7.43/7.70
A | 15 Years | NNN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 N/A
January 2013 6.72/6.98
April 2013 6.63/6.97