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QUESTION 12 Investors like REITs for the current income that they produce. Knowledgable real estate investors know that leasing commissions and capital expenditures take a

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QUESTION 12 Investors like REITs for the current income that they produce. Knowledgable real estate investors know that leasing commissions and capital expenditures take a big bite out of cash flows. What is the measure of cash flow for a REIT that is net of capital expenditures? OFFO- Funds from Operations AFFO - Adjusted Funds from Operations Net Operating Income Cash Flow after Debt Service

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