Listed Property Funds – REITs
STAPLED SECURITIES
Some REITs offer hybrid structures called ‘stapled securities’.
These give you exposure to the funds management and/or property development business, as well as the real estate itself.
A share in a stapled securities fund usually consists of one trust unit and one share in the management company, and cannot be traded separately. The trust holds the portfolio of assets, and the company manages the trust and any development opportunities.