Beginner
What you own when you buy a REIT
A REIT lets you invest in a property business without buying a building yourself. Your share is a claim on a company, with operating costs, debt...
Read articleFOLITIC / REITs
REITs Investment Guide
Understand property businesses, read REIT financial results and assess the price of income. Follow eight stages from ownership and leases to valuation, portfolio construction and advanced research.
Start with What you own when you buy a REIT, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
Explore the learning path
Browse by topic
REIT Foundations · All lessons
REIT Foundations
Understand the ownership structure, trading choices and sources of return.
Beginner
Listed REITs, public unlisted REITs and private REITs
REIT access ranges from exchange trading to restricted private placements. Compare how you can exit, what you can verify and which costs apply before choosing the...
Read article
Beginner
Equity REITs and mortgage REITs
Equity REITs primarily own property. Mortgage REITs primarily provide property finance. Understanding that distinction prevents a high yield from hiding a different business model.
Read article
Beginner
Dividends, taxable income and total return
A distribution is only one part of a REIT investment. Tax rules, accounting earnings and cash generation use different definitions, while your return also depends on...
Read article