REIT

REIT (real estate investment trust) — a listed company whose business is owning income-producing buildings (malls, offices, warehouses, solar farms) and which RA 9856 requires to distribute at least 90% of its distributable income to shareholders yearly, taxed at 10% final. One board lot makes you a landlord with no tenants — same building economics, full liquidity, ₱1,000-scale minimums. Introduced as a taste in 1.7; analyzed properly (sectors, tenants, sponsors, rate cycles) in Level 2.

First used in: 1.7 · PSE mechanics: first shares, first REIT