hi folks,
As REITs generally have debt (the only way for them to improve ROE is to gear up) and also are mandated to distribute at least 90% of their net income, i took a look at its corporate website and i dont think it is a Real Estate Investment Trust (REIT) as per conventional definition. Please do add a "XXX" if you think it is REIT-like, so as not to confuse everyone.
http://www.bousteadprojects.com/corporat...utions.pdf
As REITs generally have debt (the only way for them to improve ROE is to gear up) and also are mandated to distribute at least 90% of their net income, i took a look at its corporate website and i dont think it is a Real Estate Investment Trust (REIT) as per conventional definition. Please do add a "XXX" if you think it is REIT-like, so as not to confuse everyone.
http://www.bousteadprojects.com/corporat...utions.pdf