reit.com
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REIT.com is the official site of the National Association of Real Estate Investment Trusts (Nareit). It offers industry news, data and research, investor education, and policy updates about REITs and the real estate investment trust sector.
More resources on REITs
Investing in REITs: Real Estate Investment Trusts (4th Edition)
Block invested in REIT shares for four decades and wrote the field's long-standing reference. Fourth edition covers REIT history and cycles, property-sector economics, balance sheet and dividend safety analysis, valuation using FFO, AFFO and NAV, and portfolio construction. Data stops at 2011.
Educated REIT Investing: The Ultimate Guide to Understanding and Investing in Real Estate Investment Trusts
Krewson-Kelly spent fifteen years as a sell-side REIT analyst and now runs investor relations at a listed REIT; Mueller is a real estate professor. Covers industry structure, FFO and AFFO mechanics, NAV, leverage and debt maturity analysis, and sector-by-sector characteristics.
What's a REIT? — Nareit Reference Hub
Reference hub from the US REIT trade association covering the legal structure, the ninety percent taxable-income distribution requirement, equity versus mortgage REITs, listed versus non-listed versus private vehicles, and the property sectors from data centers to net lease.
SEC Investor Bulletin: Non-traded REITs
SEC Office of Investor Education bulletin on REITs that register with the Commission but do not list on an exchange. Details illiquidity, front-end fees reaching fifteen percent, distributions funded from offering proceeds or borrowings, valuation opacity, and external-manager conflicts. Non-traded REIT risk is one of the topic's stated key concepts, and it is the single area where the internet is most compromised: nearly all 'education' about non-traded REITs is published by the sponsors selling them. This is the only authority with no conflict.
Nareit Funds From Operations White Paper — 2018 Restatement
The REIT trade body's authoritative restatement of Funds From Operations, the industry's standard non-GAAP earnings measure. Specifies which gains, losses, impairments, and depreciation adjustments enter the calculation, with worked examples and the reasoning behind each treatment. Every blog post, calculator, and course that explains FFO is downstream of this one document.
Investing in REITs
Ralph Block's standard guide to real estate investment trusts: how REITs are structured and taxed, property sectors, funds from operations and other valuation metrics, and how REIT returns compare with stocks and bonds. Readers learn to analyse and select individual REITs.