The First Real Estate Investment Trust in Israel
REIT1 is leading the REIT sector in Israel with a diversified portfolio of premier assets
REIT1 is a TASE listed stock (TASE:RIT1) and is a TA-125 constituent
PROFILE
REIT1 Ltd. was established in 2006 as Israel’s first Real Estate Investment Trust (REIT). A widely accepted investment vehicle around the world since the 1960s, REITs were first approved by Israeli authorities in 2006 to give anyone and everyone the opportunity to invest in large-scale commercial properties.
REIT1 owns and operates a portfolio of nearly 750,000 square meters, all located in attractive locations and submarkets in Israel. For more information see our presentation. REIT1’s shares trade on the Tel Aviv Stock Exchange under the ticker symbol RIT1 and are included on the Tel Aviv 125 and Tel-Div indices. The company is rated ilAA/Stable by Standard & Poor’s Ma’alot.
REIT1’s ATTRIBUTES:
Attractive dividend yields
Dividends by REITs are especially attractive as the REITs are required by law to distribute most of their taxable income annually in the form of dividends. REIT1’s dividend policy is to distribute all its taxable income as dividends.
Liquidity
Investments in REIT1 are made through the purchase of shares on the Tel Aviv Stock Exchange and can be sold at any time.
Tax advantages
REIT1, as a Real Estate Investment Trust, is exempt by law from corporate tax. Taxes on Dividends are paid only by shareholders as a deduction at source.
Transparency
REIT1 has a straight forward and easily understandable business model that focuses on income producing properties. Because it is registered and regulated by Israel Tax Authority as well as the Israel Securities Authority, it mustadhere to high standards of corporate governance, financial reporting and information disclosure.
Mitigated risk
Unlike other Israeli real estate companies that are not REITs, REIT1 is limited by law from development activity to up to 5% of its portfolio and is required by law to hold to a maximum leverage level of 60% of the value of its assets.
Professional management
REIT1 is managed by highly experienced professionals with a vision of building a long-term and sustainable portfolio focused on the fast growing income producing sector in Israel.