We were one of the key bodies that persuaded the Government to introduce legislation allowing property companies to convert to REITs (real estate investment trusts). More than 80% of the listed property companies (by value) that could convert to REIT status have done so.
Shares in property companies often trade at a discount to net asset value and perform like equities in the short term. However, they are relatively inefficient in tax terms, as investors are effectively taxed twice on the profits of the company. The company is subject to corporation tax on income and capital gains, and investors are also subject to tax on dividends received and the proceeds of sale of shares in line with the position of other shares.
Therefore, conversion to REIT status can carry substantial tax benefits. REITs are essentially companies or groups of companies that manage a portfolio of real estate to earn profits for shareholders, and their special tax status means that they pay no corporation tax on the profits of their rental business, but they need to comply with a number of conditions set out in tax law.
We do our best to keep this list up-to-date and populated with all UK REITs, but we can’t guarantee that every single UK REIT is listed here.
AEW UK REIT (AEWU)
Big Yellow Group (BYG)
British Land Company (BLND)
Broadgate REIT (BRL)
Capital & Regional (CAL)
Custodian REIT (CREI)
Derwent London (DLN)
Drum Income Plus REIT (DRIP)
Ediston Property Investments Company (EPIC)
Empiric Student Property (ESP)
F&C Real Estate Investments (FCRE)
GCP Student Living (DIGS)
Glenstone Property Group (GPRO)
Great Portland Estates (GPOR)
Ground Rents Income Fund (GRIO)
Hansteen Holdings (HSTN)
Highcroft Investments (HCFT)
Intu Properties (INTU)
K&C REIT (KCR)
Land Securities (LAND)
The Local Shopping REIT (LSR)
LondonMetric Property (LMP)
McKay Securities (MCKS)
Mucklow (A & J) Group (MKLW)
NewRiver Retail (NRR)
Pacific Industrial & Logistics REIT (PILR)
Primary Health Properties (PHP)
Real Estate Investors (RLE)
Redefine International (RDI)
Regional REIT (RGL)
Safestore Holdings (SAFE)
Secure Income REIT (SIR)
Schroder Real Estate Investment Trust (SREI)
Standard Life Investments Property Income Trusts (SLI)
Target Healthcare REIT (THRL)
Town Centre Securities (TCSC)
Tritax Big Box REIT (BBOX)
Workspace Group (WKP)
The London Stock Exchange provides a spreadsheet of all listed companies, including REITs, and you can download it from their website. You can then filter this spreadsheet by ‘Sector’ to show only Real Estate Investment Trusts, and further by ‘Sub Sector’ to display REITs for specific sectors, such as residential, industrial, retail, and offices.
We updated our website last year, and you may be looking for the market data and charting tools that we used to host on the 'reita' section of our site.
Unfortunately it is no longer possible to provide these, but we now list a number of useful resources where you can find commercial real estate market data.