A Real Estate Investment Trust (REIT) is a type of collective investment plan that intends to provide investors with a steady stream of income by investing in a portfolio of income-generating properties such as retail malls, offices, hotels, and service flats in Hong Kong and/or elsewhere.
Investors get monthly income distributions from REITs. A REIT’s net income after taxes is distributed to shareholders in the form of dividends at regular periods. A REIT’s dividend payment ratio must be at least 90%, according to existing SFC requirements. Investors should be aware that the amount available for distribution will be changed for real estate revaluation or disposal losses or profits.
The Securities and Futures Commission (SFC) regulates REITs, and they must be approved by the SFC before they can be listed on the Stock Exchange. The SFC’s Code on Real Estate Investment Trusts and the applicable listing guidelines published by the Stock Exchange of Hong Kong regulate SFC-authorized REITs.
Because a REIT that is authorized for sale in Hong Kong must be listed on the Hong Kong Stock Exchange, investors can purchase and sell REIT units on the Stock Exchange in the same way they can buy and sell stocks. REITs, on the other hand, might trade at a premium or a discount to their individual net asset values, so investors should be aware of this (NAV).
Details can be found in the listing documents and announcements of individual REITs. The documents may be obtained on the HKExnews website under the “Listed Company Information” section. For further information, investors should contact their brokers or financial advisors.
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Reference:
https://www.hkex.com.hk/Products/Securities/Real-Estate-Investment-Trusts?sc_lang=en
https://www.hkex.com.hk/Market-Data/Securities-Prices/Real-Estate-Investment-Trusts?sc_lang=en
https://www.pwc.com/gx/en/asset-management/assets/pdf/worldwide-reit-regimes-june-2021.pdf