REITs Facing Challenges When Correction Comes

Thangavelu, Poonkulali
June 2005
National Mortgage News;6/6/2005, Vol. 29 Issue 37, p15
Trade Publication
Reports on the possibility for some real estate investment trusts (REIT) and real estate operating companies (REOC) to face challenges if a correction were to happen in the real estate investment and capital market areas in the U.S. Factors contributing to the stability of the rating outlook for REIT and REOC for 2005 and into 2006; Statement of Philip M. Kibel, senior vice president for Moody's Investor Service and author of the report; Belief of the rating agency that REIT managements are to be credited for much of the good performance since they took measures to refocus their growth strategies, sell non-core and underperforming assets, and reduce their development pipelines. INSET: COMMERCIAL TRANSACTIONS.


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