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6., Bernoulli SlumLords REIT received rental revenue of $90,000,000 last year. They also had $3,600,000 of income from a management contract for another REIT. Their

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6., Bernoulli SlumLords REIT received rental revenue of $90,000,000 last year. They also had $3,600,000 of income from a management contract for another REIT. Their Property Operating Expenses were $39,000,000 and their General and Administrative Expenses were $6,000,000 They had Depreciation and Amortization of $23,000,000 and Interest Expense of $11,000,000. In addition, they recognized a loss on the sale of real property in the amount of $3,000,000. The REIT has 4,165,332 shares outstanding and paid a dividend of $4.57/share. The current shareprice is $49.45/share. a. (4 pts.) Given that Bernoulli's GAAP Net Income is $14,600,000, compute their Funds From Operations (FFO). b. (4 pts.) Compute the Earnings per Share and the FFO/share

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