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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
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 a15 year period using straight-line depreciation. What are the funds from operations per share and the earnings per share for this REIT? (C)
(A) $4 and $3, respectively
(B) $4 and $2, respectively
(C) $6 and $2, respectively
(D) $6 and $3, respectively
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