..., r₀ is the cost of capital for an all‐equity project (also referred to as cost of unlevered equity) and calculated as: r₀ = expected earnings to unlevered project/unlevered equity. Financial risk Gearing Investment Leverage Real estate For most private...

...Alex Moss Examines the impact of an ordinary rights issue on a property company′s capital and income gearing. Discusses the factors affecting institutional and corporate demand for equity issues at various stages of the cycle. Concludes that investors will become increasingly selective and only...