Reference no: EM133118789
Question - Strawberry Fields Properties, a national office REIT, reported GAAP net income of $78,806,000 in 2021. It also reported the following items:
Real estate depreciation $147,746,000
Preferred stock dividends $24,468,000
Allocations to OP unit holders $26,983,000
Net gains from sale of real estate assets $2,058,000
Net loss from extraordinary items $13,786,000
A. What was the REIT's FFO for 2021?
B. Given that the REIT reported a net straight-line rent adjustment loss of $14,619,000 and capital expenditures of $27,500,000, what was the REIT's AFFO in 2021?
C. What was the REIT's AFFO/GAAP net income ratio in 2021?
D. Given that the REIT paid out $143,826,000 in common stock dividends in 2016, what was its dividend/FPO ratio in that year?
E. After all distributions, what percentage of the REIT's AFFO was left over (for what the industry calls "plowing back" into the business)?
F. By what percentage did Strawberry Fields Properties exceed its payout requirement?