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the market value of equity REITs at the end of 2005 stood at $318. Burgman, Reporting on Intangibles and Intellectual Capital Assets, shows the market value of equity and net debt is larger than the present value of current operations for companies in the Russell 3000 index (excluding real estate companies). Table 1 Size of ASX and NYSE Listed Firms Market value of equity of the median firm in each size decile of all firms listed on the ASX and the NYSE, as at June 2001. |
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