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Tuesday, 12 July 2011 09:56

Real Estate Investment Trusts in Israel began January 2006. Israeli REITs must be incorporated in Israel and controlled and managed in Israel. Shares must be listed on the Tel Aviv Stock within 12 months of incorporation. At least 75% of its assets must be profitable real estate investments. This must consist of at least 200m NIS, and at least 75% of that must be invested in real estate located in Israel. At least 90% of income must be distributed to shareholders on an annual basis by 30th April every year. Ownership of REIT shares must be distributed so that less than 50% is owned by 4 or fewer investors. Leverage (debt or gearing) is limited to 60% of total real estate property assets.