THE REGULATION OF REAL ESTATE INVESTMENT TRUSTS (REIT) IN SOME EUROPEAN COUNTRIES AND ITS EFFECT ON THE IFRS FINANCIAL STATEMENTS
THE REGULATION OF REAL ESTATE INVESTMENT TRUSTS (REIT) IN SOME EUROPEAN COUNTRIES AND ITS EFFECT ON THE IFRS FINANCIAL STATEMENTS
Author(s): Ildikó Dékán Tamásné ORBÁN, Nóra Vivien MURÁNYI, Ágota KISSSubject(s): Social Sciences, Economy, National Economy, Business Economy / Management, Micro-Economics, Sociology, Evaluation research, Management and complex organizations, Economic development, Financial Markets, Socio-Economic Research
Published by: Fundatia Română pentru Inteligenta Afacerii
Keywords: Real estate investment trusts; IFRS financial statements; Taxation;
Summary/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.
Journal: SEA – Practical Application of Science
- Issue Year: VII/2019
- Issue No: 20
- Page Range: 117-124
- Page Count: 7
- Language: English