REIT - Meezan Bank
REIT - Meezan Bank
REIT - Meezan Bank
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Evolution• A Real Estate Investment Trust or <strong>REIT</strong> (rēt, rhymeswith treat) is a tax designation for a corporationinvesting in real estate that reduces or eliminatescorporate income taxes.• The <strong>REIT</strong> structure was designed to provide a similarstructure for investment in real estate as mutual fundsprovide for investment in stocks.• <strong>REIT</strong>s originated in United States in 1960. They werecreated by US Congress to make investments in largescale,income-generating real estate accessible tosmall investors. The Congress envisaged <strong>REIT</strong>s asentities similar to public limited companies.Cont..4