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FAQS

 

FAQS

What is a REIT?

A real estate investment trust, or REIT, is a company that owns—and, in most cases, operates—income-producing real estate.

To qualify as a REIT, a company must have most of its assets and income tied to real estate investment, and must distribute at least 90 percent of its taxable income to stockholders annually in the form of dividends. Qualifying companies are allowed to deduct dividends paid to their stockholders from their corporate taxable income. Consequently, most REITs historically remit at least 90 percent of their taxable income to stockholders and, therefore, owe no corporate tax. Stockholders pay taxes on dividends received and on any capital gains. Most states recognize this federal treatment, and also do not require REITs to pay state income tax. Like other businesses—but unlike partnerships—a REIT cannot pass any tax losses to its investors.

Who is the transfer agent?

The transfer agent for the Company is:

American Stock Transfer & Trust Co.
6201 15th Avenue
Brooklyn, NY 11219
Phone: 800-937-5449

Whom can I contact regarding Investor Information?

Investor Relations:

GTJ REIT, Inc.
60 Hempstead Ave., Suite 718
West Hempstead, New York 11552
Phone: 516-693-5500
Fax: 516-693-5501
Email: investorrelations@gtjreit.com

What is the corporate office address and phone number?

GTJ REIT, Inc.
60 Hempstead Ave., Suite 718
West Hempstead, New York 11552
Phone: 516-693-5500
Fax: 516-693-5501

What is the taxability of dividends?

For REITs, dividend distributions for tax purposes are allocated to ordinary income, capital gains, and return of capital, each of which may be taxed at a different rate. All companies—including REITs—are required, early in the year, to provide their shareholders with information clarifying how the prior year’s dividends should be allocated for tax purposes. This information is distributed by each company to its list of shareholders on IRS Form 1099-DIV.