38 An analyst gathers the following information about a REIT for the year just ended: - FFO: $70,000 - Non-cash rent: $5,000 - Recurring capital expenditures: $10,000 - Weighted average number of common shares: 25,000 If dividends per share are $1.00 for the year, the dividend payout ratio on adjusted FFO is closest to: | Chartered Financial Analyst Level 2 Quiz