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Consider the financial statements for a REIT given below. There are 1,000,000 shares outstanding for this REIT. Net income is $11,000,000, which includes a gain

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Consider the financial statements for a REIT given below. There are 1,000,000 shares outstanding for this REIT. Net income is $11,000,000, which includes a gain of $5,000,000 on the sale of property. Similar REITs are trading at FFO multiples of 10x. $30,000,000

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