REIT Taxable Income definition

REIT Taxable Income means the taxable income as computed for a corporation which is not a REIT: (i) without the deductions allowed by Code Sections 241 through 247, 249 and 250 (relating generally to the deduction for dividends received); (ii) excluding amounts equal to (a) the net income from foreclosure property and (b) the net income derived from prohibited transactions; and (iii) deducting amounts equal to (a) any net loss derived from prohibited transactions, (b) the tax imposed by Code Section 857(b)(5) upon a failure to meet the 95% and/or 75% gross income tests and (c) the dividends paid, computed without regard to the amount of the net income from foreclosure property which is excluded from REIT Taxable Income.
Sample 1Sample 2Sample 3
REIT Taxable Income means “real estate investment trust taxable income” within the meaning of Section 857(b)(2) of the Code.
Sample 1Sample 2Sample 3
REIT Taxable Income. “Real estate investment trust taxable income” as defined in Section 857(b) of the Code, which generally equals the taxable income of the Company, (i) computed with the dividends-paid deduction as defined in Section 561 of the Code (except that the portion of such deduction attributable to net income from Foreclosure Property is excluded), (ii) excluding any net income from Foreclosure Property, (iii) computed with a deduction for any tax imposed under Sections 857(b)(5) and (7) of the Code (i.e., tax on the failure to meet the seventy-five percent (75%) or ninety-five percent (95%) income tests and tax on certain redetermined rents, redetermined deductions and excess interest) and (iv) excluding any net income from Prohibited Transactions.
Sample 1Sample 2Sample 3

Examples of REIT Taxable Income in a sentence

  • Differences in REIT Taxable Income and Cash Flows from Distressed Loans/Loan ModificationDue to the nature of the assets in which we will invest, we may recognize taxable income from those assets in advance of our receipt of cash or proceeds from disposition of such assets potentially increasing the amount of dividends that we are required to distribute.

  • The tax heretofore levied for the year 2004 in the Ordinance is hereby abated in its entirety.

  • Staff and Petitioner concur that under the service contract, the centralization of services and access to a pool of human resources will facilitate WUI’s service to customers, which in the Commission’s view, clearly promotes the public interest.

  • The Trust may not incur indebtedness unless (i) such indebtedness is not in excess of 50% of the Net Asset Value of the Trust; (ii) such indebtedness is otherwise necessary to satisfy the requirement that the Trust distribute at least 95% of the REIT Taxable Income or is advisable to assure that the Trust maintains its qualification as a REIT; or (iii) a majority of the Independent Trustees have determined that it is in the Trust's best interest to incur such indebtedness.

  • In order to maintain qualification as a real estate investment trust, the REIT is also required to distribute annually at least a minimum percentage (90% for tax years beginning after December 31, 2000, and 95% for earlier tax years) of its REIT Taxable Income (as defined in the IRC) to its shareholders.

  • Earnings (GAAP) Net Income available to common $33,072 $37,856 EPS available to common (diluted) $0.99 $1.29 Return on average equity 25.0% 30.4% Return on average common equity 27.5% 34.0% REIT Taxable Income & Dividends Est.

  • Earnings (GAAP) Net Income available to common $22,365 $33,540 EPS available to common (diluted) $0.69 $1.19 Return on average equity 17.3% 31.8% Return on average common equity 18.6% 36.5% REIT Taxable Income & Dividends Est.

  • The Trust may not incur indebtedness unless (i) such indebtedness is not in excess of 50% of the Net Asset Value of the Trust; or (ii) a majority of the Independent Trustees have determined that such indebtedness is otherwise necessary to satisfy the requirement that the Trust distribute at least 95% of the REIT Taxable Income or is advisable to assure that the Trust maintains its qualification as a REIT.

  • Proposals to divert traffic shall include full details of the alternative route and proposed signing.

  • Prepayments rates on the two MBS sub-portfolios were as follows: (in CPR) Q1 2009 Q4 2009 Q1 2010 PT MBS REIT Taxable Income and Dividends The REIT incurred an estimated taxable loss for the three months ended March 31, 2010, of $0.5 million.


More Definitions of REIT Taxable Income

REIT Taxable Income means, with respect to a Person for any taxable year, the taxable income of such Person determined in accordance with Section 857(b)(2) of the Internal Revenue Code before deduction for dividends paid.
Sample 1Sample 2
REIT Taxable Income means the taxable income of a REIT, adjusted as follows: (i) the deduction for dividends received allowable to trusts under Sections 241 through 247, 249 and 250 of the Code is not allowed; (ii) the deduction for dividends paid under Section 561 of the Code is allowed, but is computed without regard to that portion of such deduction attributable to net income from foreclosure property;
Sample 1

Related to REIT Taxable Income

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • MUNICIPAL TAXABLE INCOME means the following:

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Taxable value shall have the meaning assigned to such term in Section 1.04(10) of the TEXAS TAX CODE.

  • Consolidated Income Tax Expense means, for any period, all provisions for taxes based on the gross or net income of Borrower (including, without limitation, any additions to such taxes, and any penalties and interest with respect thereto), and all franchise taxes of Borrower, as determined on a Consolidated basis and in accordance with GAAP.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the liability for Taxes of the Corporation (or the Partnerships, but only with respect to Taxes imposed on the Partnerships and allocable to the Corporation) using the same methods, elections, conventions and similar practices used on the relevant Corporation Return but using the Non-Stepped Up Tax Basis instead of the tax basis reflecting the Basis Adjustments of the Adjusted Assets and excluding any deduction attributable to Imputed Interest.