37 An analyst gathers the following information about a REIT for the year just ended: - FFO: $65,000 - Non-cash rent: $5,000 - Recurring capital expenditures: $10,000 - Weighted average number of common shares: 20,000 If the REIT's price-to-adjusted-FFO multiple is 12x, the forecast REIT share price is closest to: | Chartered Financial Analyst Level 2 Quiz