Rising interest rates could hamper REITs' ability to borrow, according to a Fitch Ratings report. REITs are well situated, with unsecured lines of credit 49% larger than they were in 2011 and low borrowing rates, but rising interest rates could change that and "bears close-watch," says Steven Marks, managing director and head of U.S. REITs at Fitch. Rising interest rates will also affect REITs' leverage strategies, which are slightly elevated relative to the long-term average for the sector, Fitch said in a separate report.

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