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Please explain each options with calculation steps. Alpha Property Trust owns and manages approximately five million sq. ft. of suburban office, office-warehouse, and specialty office/distribution
Please explain each options with calculation steps.
Alpha Property Trust owns and manages approximately five million sq. ft. of suburban office, office-warehouse, and specialty office/distribution space in three U.S. states. The cost basis for these assets is $300 million; the REIT has made or assumed mortgages totaling $80 million as part of financing its asset acquisitions. Alpha Property Trust 's stock is currently trading at $75 per share, total number of shares is 5 million, making its current market value worth $375 million. Here is the financial statement of Alpha Property Trust. $70,000,000 Operating Statement Summary Net revenue Less: Operating expenses Depreciation and amortization General and administrative expenses Management expense Income from operations Less: Interest expense Net income (loss) Net income (loss) per share Which of the following statement is FALSE? 30,000,000 15,000,000 4,000,000 1,000,000 $20,000,000 6,400,000 $13,600,000 $2.72 The funds from operation per share is $5.72. The minimum dividend payment required by Alpha Property Trust is $4.00 per share. The earning per share is $2.72. If Alpha Property Trust pay $4 per share, then dividend yield is 5.33%Step by Step Solution
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