Sri Lanka adopts a REIT regime, India launches its first listed REIT, and China announces a pilot scheme for establishing REITs in the infrastructure sector. All the G-7 countries and about 60% of the countries in the Organisation for Economic Co-Operation and Development have REIT rules..
The 2018 Nareit FFO White Paper Restatement serves as a useful distillation and consolidation of previous Nareit guidance, but is not meant to alter the fundamental definition of FFO.
"Real Estate" announced to become a headline industry under financial index provider FTSE Russell’s Industry Classification Benchmark (ICB).
Nareit’s SFO Forum, ESG Forum, HR Forum, and Dividends Through Diversity and Inclusion Forum merge to create the inaugural REITworks: 2020 Virtual Conference.
The IRS allows REITs to use up to 90% stock to satisfy distribution requirements. Although no listed REITs have used this authority yet, this is an industry win based on Nareit’s successful advocacy.
The Securities and Exchange Commission (SEC) adopts amendments to modernize the Regulation S-K disclosure requirements related to the description of business, legal proceedings, and risk factors. Nareit has long endorsed the SEC’s ongoing Disclosure Effectiveness Initiative to address outdated, duplicative, and confusing disclosure obligations.
The issuance of these final regulations confirms that shareholders of mutual funds owning REIT stock can obtain the 20% deduction under section 199A.
Nareit debuts its Diversity & Inclusion Recognition Awards to honor both Nareit member companies and individual members who demonstrate a strong commitment and have made outstanding contributions to the advancement of diversity and inclusion within their companies as well as in the REIT and publicly traded real estate industry.
Nareit’s inaugural REIT Industry ESG Report provides an overview of the ESG practices of U.S. listed REITs within the broader real estate industry, as both a baseline from which to navigate, and a springboard for further engagement.
CEM Benchmarking publishes a comprehensive look at realized investment performance across asset classes over a 20-year period, 1998-2017, that demonstrates that REITs outperformed private real estate by an average of 2.8% per year.
Nareit’s leadership recognized we were entering a new era for our industry defined by the introduction of the new GICS Real Estate Sector and the growth and globalization of the industry. As a result, Nareit rebranded to more effectively tell the REIT story and increase the understanding of REITs and the benefits they provide to investors, communities and the economy.
The REIT-owned real estate across the country continues to grow. As of 2014, all REITs owned nearly $3 trillion in gross assets in the U.S. Publicly traded REITs alone owned nearly $2 trillion in gross assets.