Given the Following Information, Calculate the Price-FFO Multiple for the Following

question 11

Multiple Choice

Given the following information, calculate the price-FFO multiple for the following REIT. Net income: $1,200,000; Gain/losses from infrequent and unusual events: $0, Amortization of tenant improvements: $120,000; Amortization of leasing expenses: $75,000; Depreciation (real property) : $2,675,000; Stock Price: $40; Market Capitalization: $40,000,000

• A) 0.10
• B) 4.07
• C) 9.83
• D) 393.12