do reits pay taxes
REITs are like mutual funds for real estate. They've been around since 1960. Like mutual funds, REITs do not pay a corporate level of tax as long as they distribute at least 90% of their income to their shareholders before the end of their year. REITs paid out approximately $34 billion in âdividendsâ in 2013. The average REIT yield is over 3.5%.