What is a REIT?

Media City, Salford

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).

REITs are essentially companies or groups of companies that manage a portfolio of real estate to earn profits for shareholders. 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.

Key facts about REITs

  • REITs must pay out 90% of their property income to shareholders every year.
  • Dividends from REITs are treated as property income to the investor, and are taxed accordingly. These dividends are subject to a withholding tax at basic rate income tax, except for certain classes of investors who can register to receive gross rather than net payments. These include charities, UK companies, and pension funds.
  • REIT shares can be held in ISAs and Child Trust Funds (CTFs), and the managers of these can receive gross distributions, making these highly tax efficient.
  • REITs must be primarily engaged in property investment, rather than in development or other non-property related activities.
  • As REITs are all listed property companies, investments in them are generally very liquid.


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.

Assura (AGR)
Big Yellow Group (BYG)
British Land Company (BLND)
Broadgate REIT (BRL)
Capital & Regional (CAL)
Custodian REIT (CREI)
Derwent London (DLN)
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)
Hammerson (HMSO)
Hansteen Holdings (HSTN)
Highcroft Investments (HCFT)
Intu Properties (INTU)
Land Securities (LAND)
The Local Shopping REIT (LSR)
LondonMetric Property (LMP)
McKay Securities (MCKS)
Mill Residential REIT (MRR)
Mucklow (A & J) Group (MKLW)
NewRiver Retail (NRR)
Primary Health Properties (PHP)
Real Estate Investors (RLE)
Redefine International (RDI)
Safestore Holdings (SAFE)
Secure Income REIT (SIR)
Schroder Real Estate Investment Trust (SREI)
Shaftesbury (SHB)
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 have recently updated our website, 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.