What is the major difference between GAAP Net Income and REIT Funds from Operations?

How are OP Unit Holders similar, and how are OP Unit Holders different from public shareholders' in an UPREIT?;

Which of the following is not a legal restriction constraining the activities of qualified REITs?

a$.$ Restrictions on the concentration of REIT ownership.

b$.$ Restrictions on the minimum fraction of assets consisting of newly constructed real estate.

c$.$ Restriction that qualifying REIT must be organized as a trust, not a corporation.

d$.$ Restrictions on the fraction of taxable income that must be paid out as dividends. Restrictions on the fraction of the balance sheet invested in non$-$real$-$estate related assets

AFFO $($CAD$/$FAD$)$ is intended to most approximate cash flow. The widest difference between FFO and AFFO will most likely occur for equity REITs that own and operate

a$)$ Timberland

b$)$ Office buildings

c$)$ Self$-$storage facilities

d$)$ Net leased properties