Services Among Top Day-to-Day REIT Tax Concerns

05/08/2019 | by Nareit Staff

Kristin Myers, senior vice president of tax at Cousins Properties (NYSE: CSX), participated in a video interview at Nareit’s REITwise: 2019 Law, Accounting & Finance Conference in San Antonio.

Myers moderated a REITwise panel about day-to-day tax issues and said that services is the top issue for REIT tax directors. She also advised in-house tax staff to keep their external advisors involved on the front end, and not once there is a problem.

“That’s cheap money. You spend that to help solve problems before they happen,” Myers said.

Companies:

Company name

Cousins Properties

Office

1 Year Total Return

69.93% As of market close 11/25/2024

Stock price

$31.90

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REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

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REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

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Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.