REITs must continue to focus on sustaining adequate liquidity and maintaining access to capital, Fitch Ratings said in a report. Equity REITs are likely to encounter rising funding costs as interest-rate spreads widen on unsecured bonds, the ratings agency said. "Everybody is pushing their maturities out," Fitch REIT analyst Janice Svec said. "I think the order of the day is that everybody is trying to refinance existing debt and ... increase their liquidity."

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