A REIT must derive at least 95% of its gross income from qualifying income. This includes:
- Dividends and interest;
- Rents from real property;
- Gain from the sale or other disposition of stock, securities, and real estate (including interests in real estate and interests in mortgages on real estate); abatements and refunds of real estate taxes; and
- Amounts (not including amounts the determination of which depends on the income or profits of any other person) received as consideration for entering into agreements to
- Make loans secured by mortgages on real estate or real estate interests, or
- Purchase or lease real estate (including real estate interests and interests in mortgages on real estate).