Given the following information, calculate the funds from operation (FFO). Net income: $44,245,000; Gain/losses from infrequent and unusual events: $50,000; Amortization of tenant improvements: $575,000; Amortization of leasing expenses: $133,000; Depreciation (real property): $30,906,000.

Question

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Funds from Operations (FFO) is calculated by starting with net income, then adding back items that do not affect cash flow, such as depreciation and amortization, and adjusting for gains or losses on sales of properties. In this case, FFO = $44,245,000 (Net Income) + $30,906,000 (Depreciation) + $575,000 (Amortization of tenant improvements) + $133,000 (Amortization of leasing expenses) = $75,859,000. However, the gain/loss from infrequent and unusual events should also be adjusted. Since it's not specified whether it's a gain or a loss, and it's a relatively small amount, it seems there was a slight mistake in the calculation options provided. The correct calculation based on the given options and assuming the gain/loss does not significantly impact the final number would be closest to option B, acknowledging a minor discrepancy in the provided choices.

Given the Following Information, Calculate the Funds from Operation (FFO)