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Given the following information, calculate the funds from operation (FFO): net income: $8,600,000; gains from infrequent and unusual events: $1,000,000; amortization of tenant improvements: $100,000;
Given the following information, calculate the funds from operation (FFO): net income: $8,600,000; gains from infrequent and unusual events: $1,000,000; amortization of tenant improvements: $100,000; amortization of leasing expenses: $54,000; depreciation (real property): $3,512,000.
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