REIT share prices challenged by maturing debt, weaker earnings

08/3/2009 | Wall Street Journal, The

Share prices for real estate investment trusts have posted spectacular gains in recent months, climbing 60% from their 18-year low in March. But the REIT industry faces some formidable challenges. A mountain of debt is scheduled to mature during the next two years, and refinancing remains extremely difficult to obtain. Rent and occupancy rates continue to decline, undercutting earnings.

View Full Article in:

Wall Street Journal, The

Published in Brief: