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egin{tabular}{|c|c|c|c|} hline multirow{2}{*}{egin{tabular}{l} National Property Trust Panel A Operating Statement Summary end{tabular}} & & egin{tabular}{c} Panel B. Balance Sheet Summary Assets end{tabular} &

egin{tabular}{|c|c|c|c|} hline multirow{2}{*}{egin{tabular}{l} National Property Trust \ Panel A Operating Statement Summary end{tabular}} & & egin{tabular}{c} Panel B. Balance Sheet Summary \ Assets end{tabular} & \ hline & & Cash & ( $ 53,000,000 ) \ hline Net revenue & $ ( 115,000,000 ) & egin{tabular}{l} Cash \ Rents receivable end{tabular} & ( 4,000,000 ) \ hline egin{tabular}{l} Less. \ Operating expenses end{tabular} & & Properties@cost & ( 850,000,000 ) \ hline egin{tabular}{l} Operating expenses \ Depreciation and amortization end{tabular} & egin{tabular}{l} ( 46,000,000 ) \ ( 37,000,000 ) end{tabular} & Less: Accumulated depreciation & ( 465.000,000 ) \ hline General and administrative expenses & ( 7,500,000 ) & Properties - net & ( 5.442,000,000 ) \ hline egin{tabular}{l} Management expense \ Income from operations end{tabular} & ( 4.500,000 ) & Total net assets & \ hline egin{tabular}{l} Income from operations \ Less end{tabular} & ( 20,000,000 ) & Liabilities & \ hline egin{tabular}{l} Less \ Interest expense end{tabular} & ( 6.400,000 ) & egin{tabular}{l} Short term \ Mortgage debt: end{tabular} & 80000000 \ hline Net income (loss) & ( $ 13,600,000 ) & Total & 215,000000 \ hline "At ( 8 % ) interest only & & Shareholder equity & 5442.000 .000 \ hline end{tabular} Calucate the following: egin{tabular}{|l|l|l|} hline EPS Net income/total shares & \ NOI & ( $ 57,000,000.00 ) & 1 \ FFO & & 1 \ Net Asset Value per share & 1 \ Dividends paid (assume ( 90 % ) of EPS) & 1 \ Value assuming a Dividend Yield of ( 6 % ) & 1 \ Value assuming a FFO Multiple of 7 & 1 end{tabular}
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\begin{tabular}{|c|c|} \hline \multicolumn{2}{|l|}{\begin{tabular}{l} National Property Trust \\ Panel A Operating Statement Summary \end{tabular}} \\ \hline Net revenue & 5115,000000 \\ \hline Less. & \\ \hline Operating expenses & 46,000,000 \\ \hline Depreciation and amortization & 37,000,000 \\ \hline General and administrabve expenses & 7.500 .000 \\ \hline Mansogement expense & 4.500 .000 \\ \hline Income from operations & 20.000 .000 \\ \hline \begin{tabular}{l} Less \\ interest expense" \end{tabular} & 6.400 .000 \\ \hline \begin{tabular}{l} Interest expense" \\ Net income (loss) \end{tabular} & 513600,000 \\ \hline Net incone (loss) & \\ \hline \end{tabular} Calucate the following: EPS Net income/total shares NOI Ho Net Asset Value per share Dividends paid (assume 904 of [P5 ) Value assuming a Dividend Yield of 6% Value assuming a fro Multiple of 7 Petential Points Your Stors At ox interest onty t 10.000 .000 shares cutstanding

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