REITs & InvITs

A Real Estate Investment Trust (REIT) pools money from many investors to own and operate rent-generating commercial properties, and is legally required to distribute the bulk of its rental income to unit-holders regularly. An Infrastructure Investment Trust (InvIT) works the same way but for infrastructure assets like toll roads or power transmission lines. Both trade on the stock exchange like shares, so units can be bought or sold in far smaller amounts, and with far better liquidity, than buying an actual office building or toll road outright. They typically offer a mix of a regular payout (like a dividend) plus potential price appreciation of the units themselves - a lower-friction way to get exposure to real estate or infrastructure without the illiquidity and large capital requirement of buying the physical asset directly.