THE REGULATION OF REAL ESTATE INVESTMENT TRUSTS (REIT) IN SOME EUROPEAN COUNTRIES AND ITS EFFECT ON THE IFRS FINANCIAL STATEMENTS

Ildikó Dékán Tamásné Orbán, Nóra Vivien Murányi and Ágota Kiss
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Ildikó Dékán Tamásné Orbán: Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary
Nóra Vivien Murányi: Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary
Ágota Kiss: Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary

SEA - Practical Application of Science, 2019, issue 20, 117-124

Abstract: Real estate investment trusts or REITs are ”companies that own or finance income-producing real estate across a range of property sectors (including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels). These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade in major stock exchanges, and they offer a number of benefits to investors.” (REIT, 2019). REITs operate worldwide from the USA to Hungary. The article focuses on the REIT-regulation in some European countries, mainly in the United Kingdom and in Hungary. As REITs are listed on stock exchanges, they have to prepare their financial statements based on International Financial Reporting Standards (IFRS). The paper looks at the presentation and specificities of the REIT status in the IFRS financial statements.

Keywords: Real estate investment trusts; IFRS financial statements; Taxation (search for similar items in EconPapers)
JEL-codes: M40 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2019:i:20:p:117-124

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