A REIT with 100 shares outstanding earns $1,000 in rent and incurs operating expenses of $400.In addition,the REIT owns property with an historic cost of $6,000 and depreciates it over a 15 year period using straight-line depreciation.At the very least,what dividend payment must it make to maintain its tax exempt status?

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The Answer of A REIT with 100 shares outstanding earns $1,000 in rent and incurs operating expenses of $400.In addition,the REIT owns property with an historic cost of $6,000 and depreciates it over a 15 year period using straight-line depreciation.At the very least,what dividend payment must it make to maintain its tax exempt status?

A REIT with 100 Shares Outstanding Earns $1,000 in Rent