Pershing Square
objective unlock shareholder value at in company operated restaurants appeared to contribute of total however once adjusted for a franchise fee and a market rent fee constituted only of total with brand contributing of total total as reported total adjusted for market rent and franchise fees brand brand on | Pershing Square
Company
Deck Type
Sector
Industry
Deck date
January 2006
Slide
20 of 58
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adjusting for market rent and franchise fees in company operated restaurants appeared to contribute of total however once adjusted for a franchise fee and a market rent fee constituted only of total with the higher multiple real estate and franchise businesses contributing of total real estate and franchise real estate and franchise | Pershing Square
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