Real Estate Investment Trust (REIT)
What is it? A fund that holds real estate or mortgages. REITs issue shares that trade on stock exchanges like shares of common stock. There are three types of REITs: mortgage REITs that invest primarily in real estate debt such as mortgages; equity REITs that primarily own real estate; and hybrid REITs that are a combination of the two. Equity REITs raise money and invest in various real estate endeavors, such as shopping centers, apartments, industrial buildings, or combinations of different types of property. REITs pay quarterly dividends (cash flow passed on from the properties), and are not highly correlated with stocks.Added By: Patrick
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