Joseph
http://www.dimpledbrain.com
Just as an investor buying a house uses some of his own savings (equity) and a loan from a bank (debt) to buy a house, a REIT raises money from investors (equity) and takes a loan from banks (debt) to fund its properties. The ratio of debt
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“If they can get you asking the wrong questions, they don't have to worry about answers.”
― Gravity's Rainbow
― Gravity's Rainbow

“The observation of the numerous misfortunes that attend all conditions forbids us to grow insolent upon our present enjoyments, or to admire a man's happiness that may yet, in course of time, suffer change. For the uncertain future has yet to come, with all variety of future; and to him only to whom the divinity has [guaranteed] continued happiness until the end we may call happy.”
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
― Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
“The safest road to Hell is the gradual one—the gentle slope, soft underfoot, without sudden turnings, without milestones, without signposts.”
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“So teach us to number our days, so that we may apply our hearts unto wisdom.”
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“You can hide memories, but you can't erase the history that produced them.”
― Colorless Tsukuru Tazaki and His Years of Pilgrimage
― Colorless Tsukuru Tazaki and His Years of Pilgrimage

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