<P> REITs can be publicly traded on major exchanges , public but non-listed , or private . The two main types of REITs are equity REITs and mortgage REITs ( mREITs ) . In November 2014 , equity REITs were recognized as a distinct asset class in the Global Industry Classification Standard by S&P Dow Jones Indices and MSCI . The key statistics to examine the financial position and operation of a REIT are net asset value ( NAV ) , funds from operations ( FFO ) , and adjusted funds from operations ( AFFO ) . </P>
which type of real estate investment trust is designed to deal exclusively in equities
equity REITs