investment trust

Real estate investment trusts buy and own commercial or industrial properties and generate dividends for investors.

The real estate investment trust posted revenue of $15.7 million in the period.

Wall Street’s biggest losers on Wednesday included real-estate investment trusts, utility companies and other stocks that tend to get hurt most by high interest rates.

In New Mexico, royalty payments from oil and gas development are deposited in a multibillion-dollar investment trust that benefits public schools, universities and hospitals.

The real estate investment trust posted revenue of $17.7 million in the period.