Fair Value

Fair value is an estimate of the price at which an asset or liability would be exchanged in an orderly transaction under the applicable accounting framework.

Why this matters to income investors

Estimated sale value can change NAV without creating current cash income.

How to use fair value in your research

Read how the company valued the asset and whether the figure came from a market quote, model, or management estimate. Compare valuation changes with realized cash flows and the latest earnings report.

This material is general education and information, not individualized investment, tax, or legal advice.