Reits, in short for Real Estate Investment Trusts, are basically vehicles which investors can buy into to get themselves exposed to a myriad of professionally managed portfolios of real estate. On the surface, many can see the attractiveness from this kind of investment. The requirement to distribute 90% of taxable income to investors, the affordability, the relatively higher average yield compared to stocks and the liquidity of the units, are just a few obvious benefits that Reits can offer. However one has to know that reits are not low risk instruments. They are usually driven by high financing, managerial/trustees' fees, low cash, payment of interest on their existing loans, repayment of loans that are maturing and their inverse relation with interest rates. These risks are quite substantial and have to be recognised. In my view, the requirement to distribute ......