Question
Let's make the following assumptions about a simplified REIT income statement. (All of the numbers are in millions). 300 in revenues; 150 in operating expenses;
Let's make the following assumptions about a simplified REIT income statement. (All of the numbers are in millions). 300 in revenues; 150 in operating expenses; 45 in depreciation; 120 shares outstanding; 10 in Leasing Commissions and Cap Expenditures; 40% individual shareholder tax rate. What is the REITs Adjusted Funds from Operations? ?
270
140
200
170
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The Value Investor's Handbook
Authors: Andrew P.C.
1st Edition
1098810449, 978-1098810443
