ye

What follows is a series of questions related to the discussion we had in class concerning a REITs financial statements. For reference, please refer to the Excel file 2nd Quarter REIT Financial Statements, Tab.FFO. Let's. make the following assumptions about a simplified REIT income statement. (All of the numbers are in millions). 325 in revenues; 80 in operating expenses; 40 in depreciation; 110 shares outstanding; 15 in Cap Expenditures: 4096 tax rate. REITs are required to distribute 90% of their taxable income to shareholders. In the case of this REIT, what is that amount? 184.5 207 23 230