MAREIT and Tax Law Changes Will Foster Consistency in Accounting Practice and Disclosure Among REITs

摘要

Over the past decade, real estate investment trusts (REITs) have made their way into the invest - ment mainstream. In 1971, REIT market capitali - zation was less than $1.5 billion. By 1999, it had increased to over $130 billion. Clarification in the accounting treatment for funds from operations (FFO) was proposed in October 1999 by the indus - try trade group, the National Association of Real Extate Investment Trusts (NAREIT).