Hudgins: Recaps continue but with eye to acquisitions

03/26/2010 |

REITs will continue to recapitalize this year but with a clear difference from 2009's activities, says Michael Hudgins, vice president and global REIT strategist with JPMorgan Asset Management. "In 2009, a lot of equity issuance was done to deliver or build cash hoards," he said. "In 2010 and beyond, we will continue to see equity issuance but done with efforts to create value -- acquisitions, in other words."

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