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real estate investment trust (REIT)

real estate investment trust (REIT) definition - business

real estate investment trust (REIT)

A company that purchases and manages real estate and/or real estate loans. Some REITs specialize in purchasing long-term mortgages, while others actually buy real estate. Income earned by a trust is generally passed through and taxed to the stockholders rather than to the REIT. See also equity REIT, mortgage REIT.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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