14.10. Real estate investment trusts (REITs) are companies set up to manage investment properties like office buildings
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14.10. Real estate investment trusts (REITs) are companies set up to manage investment properties like office buildings and apartment houses. REITs are not subject to corporate taxes and are required to pass through 95 percent of their income to their shareholders who are taxed at the personal level.
How do we expect taxes to affect the capital structure choice of REITs?
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Related Book For
Financial Markets And Corporate Strategy
ISBN: 9780071157612
2nd Edition
Authors: Mark Grinblatt, Sheridan Titman
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