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At a high level, you will probably want to know all of the basic real estate questions i.e. cap rates, NOI, why real estate, etc. Know how valuation for REITs is different than typical valuation. You're gonna want to know what FFO, AFFO, and NAV are and how to calculate them. For comps, it is important to know that REITs are usually looked at using equity value multiples and not enterprise value multiples (ex. Equity Value-to-FFO, Equity Value-to-AFFO, etc).

Interview probably won't be super technical, so make sure you have your behaviorals down. Personality is super important in real estate, so I would focus a lot more on the behavioral stuff.

 

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