Real Estate Finance

Highlights

• 4 Feb 2013
  • US OFFICE REITS: Stable Ratings Outlook for a Sector Poised for Growth
    Market fundamentals will strengthen in the second half, following resolution of the US debt ceiling, in which case leveraged acquisitions will be the biggest risk to balance sheets. Supply/demand dynamics are improving in some markets, particularly those driven by energy and technology. Core earnings for office REITs, particularly those in suburban markets, are likely to rise slightly as the REITs maintain their focus on bolstering occupancy rates... Full Report
• 18 Dec 2012
  • REIT Balance Sheets Well Cushioned Against Interest Rate Increases
    REITs have benefitted from historically low interest rates, with savvy management teams taking advantage of the availability and low cost of capital to strengthen balance sheets and credit profiles. Although they will eventually have to re-finance recently incurred obligations at higher interest rates, their leverage is low enough, and their cash flow strong enough, that they will be able to do so without jeopardizing their ratings... Full Report
• 27 Nov 2012
  • Industrial REITs: Stable Rating Outlook, Slowly Improving Fundamentals
    The environment for the industrial real estate sector will remain challenging, but will stabilize over the next nine to 12 months. Cost-effective capital remains plentiful, and occupancy and rent rates will continue to improve throughout the year, aided by low amounts of new supply and high tenant retention rates. Moreover, tenants’ credit quality is solid, with good diversification by industry... Full Report