{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/842/974/#05-overview-and-background","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","topic":"842","topic_title":"Leases","subtopic":"842-974","subtopic_title":"Real Estate—Real Estate Investment Trusts","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"842-974-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic addresses recognition issues for a <a href=\"/glossary/r/#real-estate-investment-trust\" class=\"term\" title=\"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).\"><span>real estate investment trust</span></a> with an investment in a <a href=\"/glossary/s/#service-corporation\" class=\"term\" title=\"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.\"><span>service corporation</span></a> providing leasing services.</div> </div>","snippet":"This Subtopic addresses recognition issues for a real estate investment trust with an investment in a service corporation providing leasing services.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:58e70c63b3c7fb462db4a6796867715a2bb0fb3642a0b602c1e3ff1bee14025d","downloaded_from":"2026-09-10T01:58:45.033Z","last_downloaded_at":"2026-09-10T01:58:45.033Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477707","source_sha256":"7650fa9c457080048be3e14b69bd56a479ae7876521735bc170234142a383141"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2567e77c15c7630faa841799cac96759a6ba146663c27fcf54ab568db78d7279","downloaded_from":"2026-09-10T01:58:45.033Z","last_downloaded_at":"2026-09-10T01:58:45.033Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477707","source_sha256":"7650fa9c457080048be3e14b69bd56a479ae7876521735bc170234142a383141"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0cedaa6abdfd26394b8de91601cd18b83d5edc95db54b116d65f692baf27be5","downloaded_from":"2026-09-10T01:58:45.033Z","last_downloaded_at":"2026-09-10T01:58:45.033Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477707","source_sha256":"7650fa9c457080048be3e14b69bd56a479ae7876521735bc170234142a383141"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0cedaa6abdfd26394b8de91601cd18b83d5edc95db54b116d65f692baf27be5","downloaded_from":"2026-09-10T01:58:45.033Z","last_downloaded_at":"2026-09-10T01:58:45.033Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477707","source_sha256":"7650fa9c457080048be3e14b69bd56a479ae7876521735bc170234142a383141"}}