Re: watch those tweens & teens!
On Feb 23, 2007, at 4:41 PM, bitch@pulpculture.org wrote:
At 04:20 PM 2/23/2007, you wrote:
think it meant for mall REITs
what are mall REITs?
REIT (pronounced “reet”) = real estate investment trust. It’s a bunch
of real estate properties packaged into a security, kind of like a
high-dividend stock. The dividend reflects the rental income of the
properties, and the price of the security reflects any appreciation
(or depreciation) in the value of the underlying assets. So a mall
REIT (and a pun on mall rat can’t be far out of mind) is a REIT
backed by a bunch of shopping malls.
Doug