Why are you using 10X revenue multiple on a real estate company? Other RE companies are valued at 4X.[1] So $10B seems to be the value based on those numbers a

Why are you using 10X revenue multiple on a real estate company? Other RE companies are valued at 4X.[1] So $10B seems to be the value based on those numbers and their industry. However, they're losing tons of money. So that has to put them below the average. [1] http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/psdata.html http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/...