@mattmanticus Don’t agree, reits are just a sector of the market, it can outperform or underperform, and since we are only buying the highest yields one here, we are exposing ourselves to idiosyncratic risk of both individual stocks and real estate sector.
However, unit holders are liable to tax on the distribution of income. Since the income distributed by REITs are tax exempt, no tax credit under subsection 110(9A) of the Income Tax Act (ITA) 1967 would be available to the unit holders. https://www.hasilnet.org.my/tax-on-reit-investment/