barnes marketing pricing guidance_survey results_sjc
TRANSCRIPT
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