Quote:
Originally Posted by Amnorix
Yes, it's pronounced "REET". My old law firm represented several REITs. It stands for "Real Estate Investment Trust". By law it's REQUIRED to spit out 90% of its taxable income as dividends.
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The person he is referencing is from Canada so I imagine REITs work a bit differently but I doubt there is any guaranteed 9% return. It's probably some historical yield + avg share price increase number.