1.

The difference between EPS (earnings per share) and FFO (funds from operations) is:

Irrelevant

Due to depreciation and amortization

Determined by growth of the company

Due to the number of shares outstanding

2. Which of the following regarding private REITs is TRUE?

Private REITs are less liquid than publicly traded REITS

Private REITs are less expensive than publicly traded REITs

Private REITs are more subject to short-term market price volatility than publicly traded REITS

"List or liquidate" provisions in private REITs make such REITs less risky than publicly traded REITS