Reit (Noun)
Meaning
An investment trust that owns and manages a pool of commercial properties and mortgages and other real estate assets; shares can be bought and sold in the stock market.
Classification
Nouns denoting groupings of people or objects.
Examples
- The company decided to convert to a REIT to reduce its tax liability and attract more investors.
- Investors can buy shares of a REIT and earn a portion of the income generated by the properties in its portfolio.
- The REIT's portfolio includes office buildings, shopping centers, and apartment complexes in several major cities.
- By investing in a REIT, individuals can gain exposure to the real estate market without directly owning physical properties.
- The REIT's shares are traded on the stock exchange, allowing investors to easily buy and sell their stakes in the company.