real estate investment trust
noun[C]
ukus(abbreviationREIT)PROPERTY,FINANCE
in the US, afinancialarrangementin which acompanyinvestsmoneyinbuildingsandlandforshareholderswho gettaxadvantagesfromtheirinvestmentas well asintereston themoneyinvested:
Thefirmchangeditscorporatestructureback in 2007 tobecomeatax-efficientrealinvestmenttrust.