Real Estate Investment Trusts (REITs) are a type of investment vehicle that allows individuals to invest in large-scale, income-producing real estate,s such as office buildings, apartments, and shopping centers. REITs are publicly traded on stock exchanges and provide investors with a way to invest in real estate without the need to buy and manage a property themselves. REITs are required to distribute at least 90% of their taxable income to shareholders in the form of dividends. This makes them a popular investment for those looking for a steady income stream.
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What does real estate investment trusts (reits) mean?
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