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the Net Income of the REIT company was $200 million, and budgeted annual recurring capital expenditures in amounts equal to the annual depreciation expense was
the Net Income of the REIT company was $200 million, and budgeted annual recurring capital expenditures in amounts equal to the annual depreciation expense was $20 million. In the year company sold 3 buildings for a book gain (relative to the net book value) of $8 million In addition, REIT EJK also sold a parcel of land for a book loss of $3 million. what were REIT EJK's Funds from Operation (FFO) for last year? and what was AFFO last year
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