Editing Sirius Real Estate Limited (section)

====What are the assumptions used to estimate the return figure?====
{| class="wikitable"
|+Key inputs
!Description
!Value
!Commentary
|-
|Which type of multiple do you want to use?
|P/AFFO
|The value of real estate typically appreciates, rather than depreciates; furthermore, REIT property sales and capital expenditure tends to result in material differences in the profitable of the REIT across its lifespan. Accordingly, Stockhub suggests valuing the company using the Price to Adjusted Funds From Operations (P/AFFO) ratio, which is calculated by adding amortization and depreciation to the net income and then deducting the gains on the sale of properties and capital expenditure. 
|-
|Which financial forecasts to use?
|Stockhub
|The only available medium-term forecasts (i.e. five years from now) are the ones that are supplied by the Stockhub company (the forecasts can be found in the financials section of this report), so Stockhub suggests using those.
|-
|In regards to the P/AFFO multiple, for the AFFO figure, which year to you want to use?

|Year 5
|Stockhub suggests that to account for general market cyclicity, it's best to use five years from now (i.e. Year 5). 
|-
|In regards to the P/AFFO multiple, what multiple figure do you want to use?
|15x
|In Stockhub's view, Sirius Real Estate Limited closest peer is xxx. xxx trades on a multiple of xxx.
|-
|Which financial forecasts to use?
|Stockhub
|The only available forecasts are the ones that are supplied by the Stockhub company (the forecasts can be found in the financials section of this report), so Stockhub suggests using those.
|-
|What's the current value of the Stockhub company?
|£981.20 million
|As at 22nd November 2022, the current value of its company at £981.20 million.
|-
|Which time period do you want to use to estimate the expected return?
|Between now and five years time
|Research suggests that following a market crash, the average amount of time it takes for the price of a stock market to return to its pre-crash level (i.e. the recovery period) is at least three years.<ref name=":1">https://www.newyorkfed.org/mediabrary/media/medialibrary/media/research/staff_reports/research_papers/9809.pdf</ref> Accordingly, Stockhub suggests that to account for general market cyclicity, it's best to estimate the expected return of the company between now and five years time.
|}