Finance glossary
REIT
Definition
A company that owns income-producing real estate, traded like a stock.
A Real Estate Investment Trust owns or finances income-generating property and trades on exchanges, letting investors access real estate without buying buildings. REITs must distribute most of their taxable income as dividends, making them popular for income.
In a sentence
Wanting real estate exposure without buying a building, she bought shares of a REIT that paid hefty dividends.
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