Distributable income

Distributable income — the income base a PH REIT must pay out from: essentially net income adjusted to something closer to cash actually earned (stripping unrealized paper gains and similar items). RA 9856 requires at least 90% of it to be distributed as dividends annually, within five months of fiscal year-end — the rule that makes REIT dividends the most structurally reliable on the PSE. Stated plainly in every REIT’s quarterly report on PSE EDGE.

First used in: 2.2 · REITs: landlord without tenants