Two big-name companies, Macy’s Inc. and McDonald’s Corp., recently decided to say “no” to the REIT structure. Macy’s Inc., in its latest quarterly report, announced it would not create a REIT for its stores, while McDonald’s Corp., in its latest investor meeting, announced that it would not spin off its properties into a REIT. The news by both companies was disappointing to some investors, and possibly suggests that some executives considering a REIT structure are taking a longer look than usual.
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