Reit street opens for business

Nine existing property companies have converted to Reit status as of 1 January, with a further seven quoted companies intending to convert over the coming six months, reports industry association Reita. Another 26 companies are unlikely at this stage to contemplate the corporate change required to become a Reit, the association adds. However, Reit status is also being considered by companies not traditionally quoted in the property sector, but which base a significant amount of their business on the fact they also happen to be landlords. These include Enterprise Inns, Aim-listed Te...