A REIT with 100 shares outstanding earns $1,000 in rent and incurs operating expenses of $400. In addition, the REIT owns property with an historic cost of $6,000 and depreciates it over a 15 year period using straight - line depreciation. What are the funds from operations per share and the earnings per share for this REIT? ($6 and $2 respectively- Answer) (Beginning of question) Considering the REIT in the question above, at the very least what dividend payment must it make to maintain its tax exempt status? (A) $1.90 (B) $2.85 (C) $3.80 (D) $5.70