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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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