Items Tagged with 'Australian real estate investment trust'


  • Commercial REITs Face Troubled Future, Says Fitch

    The multifamily and health care sectors of real estate investment trusts (REIT) are expected to perform slightly better than their other commercial real estate sector counterparts. But the overall outlook of REITs remains negative, according to Fitch Ratings’ REIT midyear outlook report. As foreclosures increase, so have the number of tenants out of necessity populating the country’s multifamily housing units, Fitch said. However, the report notes that many tenants are living with roommates to cut expenses, tempering apartment occupation rates.
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  • Fitch: More Upgrades A Possibility for U.S. REITs in 2007

    Improving property operating results and sustained discipline by managements in keeping stable financial profiles continue to augur for a Positive Outlook for U.S. REITs in 2007, with potential for rating upgrades in the office and retail sector, according to a special report released yesterday by Fitch Ratings. "Fitch will consider more positively those management teams that do not excessively raise leverage and companies that possess varied access to capital and a large unencumbered asset pool, while remaining alert to any significant increases in leverage that may weaken fixed-charge coverage," said Managing Director and REIT group head Steven Marks.
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