A REIT is a company that owns, operates, or finances income-generating real estate assets. Typically, several large investors pool in to buy units of these companies and earn a ‘distribution yield’ based on the income generated on the underlying assets.
Archer Aviation shares jump nearly 10% on deal to acquire Boeing’s Wisk, two other units
Archer Aviation shares surged after agreeing to acquire Boeing’s Wisk Aero and two other units. This strategic acquisition grants Archer access to Boeing’s autonomous-flight technology