CS Professional · Strategic Management and Corporate Finance · Real Estate Investment Trusts
Which of the following must a listed REIT disclose to the stock exchange in line with the REIT Regulations on periodic reporting?
A listed REIT must give the stock exchange its half-yearly financial results and NAV, in addition to the annual report, within prescribed timelines. Annual-only reporting, distribution-only disclosure or reporting just to the trustee does not meet the requirements.
- AOnly the annual report, within nine months of year end
- BHalf-yearly financial results and NAV, along with the annual report, within prescribed timelinesCorrect
- COnly the distribution amount, after each payout
- DFinancial results solely to the trustee, not to the exchange
Explanation
A listed REIT discloses financial results and NAV at prescribed intervals, including half-yearly, and an annual report, to the exchange. Disclosing only the annual report or only distributions is insufficient, and reporting solely to the trustee ignores the listing disclosure duty.
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