-Currently, MOST REITs Are:
A) Equity Trusts
B) Mortgage Trusts

question 31

Multiple Choice

$$\begin{array} { l r } \text { Net revenue } & \$ 20,000,000 \\\text { Less: } & \\\text { Operating expenses } & 9,800,000 \\\text { Depreciation and } & \\\text { amartization } & \underline{4,400,000} \\\text { Incame fram aperations } & 5,800,000 \\\text { Less: } & \\\text { Interest expense } & \underline{1,280,000}\\\text { Net incame } &\$ \underline{4,520,000}\\\end{array}$$
-Currently, MOST REITs are:

• A) Equity trusts
• B) Mortgage trusts
• C) Hybrid trusts
• D) Partnership trusts

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Definitions:

Functional

Pertains to the practical or utilitarian aspects of something, emphasizing its purpose or role rather than its aesthetics.

Produce

To create or manufacture goods or products, often on a large scale.

Centralized

A system or organizational structure where decision-making and control are concentrated in a single point or at a high level.

Decentralized

Pertains to the distribution of functions, powers, people, or things away from a central location or authority.