Accounting for REITs

REIT is classified as a puttable instrument and is classified through IFRS 9. 

This means you have to give it an FVTPL investment treatment in the balance sheet.

IFRS 9 prescribes measurement and recognition for this instrument where you can find entries similar to mutual funds in my previous posts in my profile. 

Investment properties fall under different standards namely: IAS 40, IAS 16 and IFRS 16 leases only.