annual report 2009 - bei der Hamborner REIT AG
annual report 2009 - bei der Hamborner REIT AG
annual report 2009 - bei der Hamborner REIT AG
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<strong>REIT</strong> means greater<br />
yields for investors<br />
Due to their stock market listing, <strong>REIT</strong> shares can be<br />
bought and sold quickly and easily without expense<br />
surcharges. An investment in <strong>REIT</strong>s is therefore<br />
more flexible than, for example, a direct investment<br />
in properties. In addition, <strong>REIT</strong>s have a payout ratio<br />
established by law of at least 90% of the profit for<br />
the financial year un<strong>der</strong> commercial law. The earnings<br />
originate mainly from rental incomes agreed<br />
for the long-term. As <strong>REIT</strong>s are tax-exempt at company<br />
level, the distribution potential is greater than<br />
with a company liable for tax un<strong>der</strong> otherwise identical<br />
conditions.<br />
reit means greater<br />
yields for investors<br />
Furthermore, in the distribution of profit,<br />
HAMBORNER <strong>REIT</strong> <strong>AG</strong> is geared to the funds<br />
from operations (FFO), the ratio for the opera-<br />
tional development of the company. You will find<br />
the calculation of the FFO on page 26 of this<br />
<strong>annual</strong> <strong>report</strong>.<br />
<strong>annual</strong> <strong>report</strong> <strong>2009</strong> | <strong>Hamborner</strong> reit ag<br />
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