Gym Owner Life Time Fitness Considers a REIT

Wall Street Journal · 8/25/2014

Gym operator Life Time Fitness Inc. said it may put its property into a real-estate investment trust, a step that could help lower its tax bill and shape up its stock.

The company's board will meet soon with advisers to review the idea, which is still in the exploratory phase, spokesman Jason Thunstrom said. If approved, it would be the latest in a string of moves by U.S. companies to cut back what they pay to the Internal Revenue Service. Life Time Fitness's shares jumped 16% on Monday, closing at $48.36.

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