'The new regulation will allow the insurance and pre-need companies to hit the ground running as early as the first listing of a Philippine REIT
,' he added.
'Taking into consideration much-anticipated amendments to the implementing rules and regulations of the REIT
Law by the SEC and the 'Build, Build, Build' infrastructure program of the Duterte administration, the issuance of the investment guidelines for the insurance and preneed companies is very timely to ensure that insurers and preneed industry players are well-prepared,' according to Funa.
"While the Insurance Code specifically allows insurance companies to invest in REIT
, it is not a self-executory provision.
Addressing a press conference on Tuesday, the ISE-REIT chairman and board of directors highlighted the issues faced by the real estate investment trust (REIT
) sector and proposed a supportive framework for its development.
where the UAE REIT
is a private UAE REIT
, at least 75 percent of its total assets must be invested in real estate, whether in the form of construction, development or re-fitting, providing it is in preparation for sale, management, lease or disposal;
12 April 2019 - Florida, US-based REIT
Carter Validus Mission Critical REIT
In the UAE, there are currently two listed REITs
-- Emirates REIT
and ENBD REIT
, both Sharia compliant, listed on Nasdaq Dubai and very active in the UAE market.
is a company that owns, operates or finances income-producing real estate.
Establishment of The REITs
to Capture Opportunities Along Eurasia
Therefore the tax proposals submitted by REIT
industry should be considered by FBR and Ministry of Finance for boosting this sector, Chairman viewed.
Before exploring the reasons to invest in REITs
, let us first understand the basics of REIT
and its types.