Property ITs set 75% target

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As of 22 April, all real estate investment trusts must gain at least 75% of their gross income from ...

As of 22 April, all real estate investment trusts must gain at least 75% of their gross income from property rental, but E&Y says Reits will find it increasingly difficult to manage their cash resources in the current climate and the Government ought to have offered more support.

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