REIT liquidity weakens as credit crunch continues

04/4/2008 | GlobeSt.com

Equity REIT liquidity is adequate but weakening, according to a report by Fitch Ratings. The weakening comes as a result of increased difficulty in gaining access to capital by means of the U.S. public debt and equity markets for REITs. "Liquidity is still adequate for many equity REITs as sources of liquidity less primary uses of liquidity are still generating a surplus even as the capital markets have remained inhospitable to virtually all issuers," says Steven Marks, managing director and head of U.S. REIT Group.

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