What Reits should do if they can’t meet their obligations
Real estate investment trusts need to keep the JSE and market in the loop if they are at risk of losing their status
The challenges that accompany the coronavirus and resultant lockdown have affected the ability of companies that have been granted real estate investment trust (Reit) status to meet their obligations under the JSE’s listing requirements.
Reits are companies that own and operate income-producing immovable property. Certain criteria must be met to obtain Reit status from the JSE. Reits are also the subject of a favourable tax dispensation under the Income Tax Act. ..