Palmetto Real Estate Trust

Palmetto Real Estate Trust functions as an American real estate investment trust (REIT), primarily involved in the acquisition, development, and leasing of diverse commercial properties. Its portfolio is dedicated to various retail establishments, including restaurants, department stores, convenience food stores, and grocery outlets. While its commercial holdings are spread across South Carolina, a significant portion is concentrated within the Greenville area. The trust holds REIT status for federal income tax purposes, which allows it to avoid federal income taxation, contingent upon distributing at least 85% of its taxable earnings to its shareholders. Founded in 1972 as Palmetto Industrial Corporation, the company's corporate headquarters are located in Greenville, South Carolina.