Real Estate Investment Trusts, known as REITS, are companies whose primarily business is the ownership and operation of income-producing real estate. There are also REITS who engage in the financing of such properties. Many publicly traded REITs specialize in the ownership of a single property type, such as office buildings, warehouses, hotels, apartments, or retail properties. Others choose to own a combination of property types.

REITs, by law, must distribute 90% of their taxable income each year to shareholders. Accordingly, REITs have historically offered a higher dividend yield than other equity investments.

REITs offer investors several attractive attributes:

1. Historic returns have been competitive with other equity investments.
2. They exhibit lower volatility than many other equity investments.
3. Historic returns have a low correlation with other investments.

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