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Could you please expand "REITs"? (no clue what a REIT is)
by zepearl 7y ago
Could you please expand "REITs"? (no clue what a REIT is)
- icedchai 7y agoREITs are "real estate investment trusts." Basically they are stocks in companies that own tons of property, bring in large amounts of rental income, and have to pay out a percentage as dividends. Many people like them for that guaranteed dividend.