the.com/reits
buy a stock, own a sliver of a mall, skip the leaky roof and the tenant who pays in excuses.
means a real estate investment trust is a company that owns or finances income-producing property and must pay out most of its profit as dividends to shareholders.
from created by the US Congress in 1960 so ordinary investors, not just the rich, could put money into large-scale real estate the way they already bought stock in railroads or oil.
payout rulemust distribute 90% of taxable income yearly
tax tradepays no corporate tax if it qualifies
global reachover 40 countries now have reit laws
market sizeus reits alone total trillions in assets
for instance
american tower corp — owns cell towers worldwide, not buildings, still a reit
prologis — warehouses behind amazon and fedex deliveries, 2023 market leader
simon property group — largest us mall operator, survived the retail apocalypse
public storage — turned spare rooms nobody wanted into a s and p 500 giant