New Disclosure Requirements for Public REITs’ Share Repurchases
June 14, 2023 | JD Supra
On May 3, the Securities and Exchange Commission (SEC) adopted final amendments that call for certain quantitative and qualitative disclosure requirements with respect to repurchases of an issuer’s equity securities that are registered under the Securities Exchange Act of 1934, as amended (the Exchange Act). [1] The final amendments apply to all public real estate investment trusts (REITs) — including public non-traded REITs and REITs that are smaller reporting companies — that repurchase any of their equity securities registered under the Exchange Act.
Public REITs are currently required to disclose in their quarterly reports on Form 10-Q and annual reports on Form 10-K any purchase, aggregated on a monthly basis, made by or on behalf…
