# ASC 810-974: Consolidation — Real Estate—Real Estate Investment Trusts Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/810/974/) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T01:33:51.197Z to 2026-09-10T01:34:06.992Z Record version: sha256:e2e6762c0759a0c23ba551d373405d93d3042f9c6f9ee9779efa77939fdff30f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 810-974: Consolidation — Real Estate—Real Estate Investment Trusts ### Machine-generated study aids ```json { "summary": "This narrow Subtopic deals with measurement issues for noncontrolling interests in certain real estate investment trusts (REITs). It contains almost no substantive guidance of its own: its scope simply mirrors Section 974-10-15, and its initial and subsequent measurement sections are essentially unused, with a single cross-reference pointing to Section 974-323-25 for how a REIT accounts for an investment in a service corporation.", "key_points": [ "The Subtopic's stated purpose is to address measurement issues concerning the treatment of noncontrolling interest in certain REITs (810-974-05-1).", "Scope and scope exceptions are the same as the Overall Real Estate—REIT Subtopic, Section 974-10-15 (810-974-15-1).", "Accounting by a REIT for its investment in a service corporation is not addressed here; see Section 974-323-25 (810-974-30-6).", "All other initial measurement paragraphs (810-974-30-1 through 30-5) and all subsequent measurement paragraphs (810-974-35-1 through 35-5) are marked 'Paragraph not used,' so general Topic 810 consolidation guidance governs." ], "categories": [ "Consolidation", "Industry-specific", "Subsequent measurement", "Initial measurement" ], "audience_level": "advanced", "student_note": "Practically, this is a signpost Subtopic: don't expect REIT-specific consolidation rules here—apply ASC 810-10 (including the noncontrolling interest and VIE guidance) and follow the cross-reference to 974-323 for service corporation investments. The common misunderstanding is assuming REITs get special consolidation measurement treatment because an industry Subtopic exists.", "related_topics": [ "810-10", "974-10", "974-323", "323-10", "970" ], "key_concepts": [ "noncontrolling interest", "real estate investment trust", "consolidation", "service corporation", "measurement", "industry-specific guidance" ] } ``` Source downloaded (UTC): 2026-09-10T01:33:51.197Z to 2026-09-10T01:33:51.197Z Record version: sha256:74fb1d18c4637377ae957ef7beaca7ea41fb4c838693b445aad23b7db177f4c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 810-974-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/810/974/#00-status) SEC content: no ##### [810-974-00-1](https://asc.understandingaccounting.org/asc/810/974/#810-974-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:33:51.197Z to 2026-09-10T01:33:51.197Z Record version: sha256:16fcc203257b1d643419d939f2e52e5c454d1d8d7dad111c092d3f2977aee915 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. No updates have been made to this Subtopic. Source downloaded (UTC): 2026-09-10T01:33:55.175Z to 2026-09-10T01:33:55.175Z Record version: sha256:e87832c0ab8c1cc8b9075500e0c35eed487ad515314cd74237852ebe80fecb54 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 810-974-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/810/974/#05-overview-and-background) SEC content: no ##### [810-974-05-1](https://asc.understandingaccounting.org/asc/810/974/#810-974-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:33:55.175Z to 2026-09-10T01:33:55.175Z Record version: sha256:4f3fec67c872c104b7e3181fbc773920cb07acf6f63958eac444d3c35d8065fd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic addresses measurement issues concerning the treatment of [noncontrolling interest](https://asc.understandingaccounting.org/glossary/n/#noncontrolling-interest "The portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. A noncontrolling interest is sometimes called a minority interest.") in certain [real estate investment trusts](https://asc.understandingaccounting.org/glossary/r/#real-estate-investment-trust "Real estate investment trusts generally are formed as trusts, associations, or corporations. They employ equity capital, coupled with substantial amounts of debt financing, in making real estate loans and investments. Real estate investment trusts must distribute substantially all of their taxable income to their shareholders annually in order to retain their favorable tax status (that is, dividends paid are treated as deductions in arriving at taxable income)."). Source downloaded (UTC): 2026-09-10T01:33:58.997Z to 2026-09-10T01:33:58.997Z Record version: sha256:1ea7f95d1443871b10a76f706582c2b4e25637206ebb0751cf31628dad2d6819 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 810-974-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/810/974/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [810-974-15-1](https://asc.understandingaccounting.org/asc/810/974/#810-974-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:33:58.997Z to 2026-09-10T01:33:58.997Z Record version: sha256:36b6fe401a43ffdca5df4de28ab62b2c07a0c08bfe1ef10afc557889f999dd13 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 974-10-15. Source downloaded (UTC): 2026-09-10T01:34:04.543Z to 2026-09-10T01:34:04.543Z Record version: sha256:e4e675e7f30c243a987069c7946d3ce6cd34c384f46a569e87ea5d12c9b7480d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 810-974-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/810/974/#30-initial-measurement) SEC content: no ##### [810-974-30-1](https://asc.understandingaccounting.org/asc/810/974/#810-974-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:34:04.543Z to 2026-09-10T01:34:04.543Z Record version: sha256:5a6ca9474a7340ba85ceee2769b4c5580e93077ca975a2fad5d627322462b7b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [810-974-30-2](https://asc.understandingaccounting.org/asc/810/974/#810-974-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:34:04.543Z to 2026-09-10T01:34:04.543Z Record version: sha256:581601dd84260c7565152b8e69af424e16dc2153e84bbf9d42535714c5f64817 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [810-974-30-3](https://asc.understandingaccounting.org/asc/810/974/#810-974-30-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:34:04.543Z to 2026-09-10T01:34:04.543Z Record version: sha256:d626e44a57ed9b7cdd65de0a52e681c474ee42e94634960aae3f28ff9af04062 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [810-974-30-4](https://asc.understandingaccounting.org/asc/810/974/#810-974-30-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:34:04.543Z to 2026-09-10T01:34:04.543Z Record version: sha256:f16bd2fccc55911a0bd4d713f28c8fd42ee50837491487f8619e95c41d0bce8f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [810-974-30-5](https://asc.understandingaccounting.org/asc/810/974/#810-974-30-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:34:04.543Z to 2026-09-10T01:34:04.543Z Record version: sha256:b80f86c92f64cf0cb0d948925264f8015b65d8d0c3aa28dc45370269ce207364 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). #### Service Corporations ##### [810-974-30-6](https://asc.understandingaccounting.org/asc/810/974/#810-974-30-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:34:04.543Z to 2026-09-10T01:34:04.543Z Record version: sha256:06f2f01025d5e9dd31d7a4cbfdc7b7bd972aa1a29a3d9920a3c6bad59ca4efa1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Section 974-323-25 for the accounting used by a real estate investment trust for its investment in a [service corporation](https://asc.understandingaccounting.org/glossary/s/#service-corporation "A real estate investment trust may establish a service corporation to perform services for the real estate investment trust or for third parties. Service corporations may provide property management and leasing services, as well as services to acquire, develop, construct, finance, or sell real estate projects."). Source downloaded (UTC): 2026-09-10T01:34:06.992Z to 2026-09-10T01:34:06.992Z Record version: sha256:605534c8714f8fbc3b9cab72e465253301e7e581c5b672caeb12ac3c09717176 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 810-974-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/810/974/#35-subsequent-measurement) SEC content: no ##### [810-974-35-1](https://asc.understandingaccounting.org/asc/810/974/#810-974-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:34:06.992Z to 2026-09-10T01:34:06.992Z Record version: sha256:bb0560f9402e73438efc14939ed32829e686a9bdf4d44085a8c98d3396adadb2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [810-974-35-2](https://asc.understandingaccounting.org/asc/810/974/#810-974-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:34:06.992Z to 2026-09-10T01:34:06.992Z Record version: sha256:a729fe32f7ccb17169668743c3b0dfc7c78bc2aaf4dbe8e6e79c73aaa8814c0b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [810-974-35-3](https://asc.understandingaccounting.org/asc/810/974/#810-974-35-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:34:06.992Z to 2026-09-10T01:34:06.992Z Record version: sha256:787bd02a93d714f5055e88a00f8c3f34fcf3cfbf8c1b79954e09c4a1f35c1ecc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [810-974-35-4](https://asc.understandingaccounting.org/asc/810/974/#810-974-35-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:34:06.992Z to 2026-09-10T01:34:06.992Z Record version: sha256:6177f7bc5e7cf7e37808e69e492a9452e0acd5375b193d70323d9d42316b7060 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [810-974-35-5](https://asc.understandingaccounting.org/asc/810/974/#810-974-35-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:34:06.992Z to 2026-09-10T01:34:06.992Z Record version: sha256:d9c185fdd14665244685fe9f2dddf4d6abb2fbf48b4e378ab2fe3c6efa4d7106 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/).