Real Estate Investment Trust (REIT) is one of the most popular investment tools for investors looking for stable income distribution. In a typical REIT structure, money is raised from unitholders through an IPO at the initial stage and is used by the company to purchase a pool of real estate properties. These properties are then leased out to tenants and in return, the income flows back to the unitholders as income distributions (dividends). Due to the way they are structured to form tax benefits to the company, REITS are required to distribute at least 90% of taxable income each year to enjoy the tax exempt status by the tax authority. Because of this rule, REITS company usually retained very little earnings to fund their next expansion plan, either organicly through an Asset Enhancement Initiative (AEI) or inorganicly through an acquisition. This is made worse if the REIT company distributes all ... ...