NEW YORK & LONDON--(BUSINESS WIRE)-- Link to Fitch Ratings' Report: REIT Report Quarterly
Two recent developments have the potential to brighten the outlook for REITs both in the U.S. and EMEA, according to Fitch Ratings in its latest REIT Report Quarterly.
Recent convertible bond issues that have come to the EMEA market at low coupon rates benefit REITs in that region because they can cut overall funding costs. The latest quarterly expands on this development and its potential positive attributes in more detail.
Another potentially positive development, this time on the U.S. policy front, took place a few weeks ago that may have favorable implications. The Federal Open Market Committee's third round of quantitative easing (QE3), an expansion of 'Operation Twist', could have a meaningful impact on US equity REITs.
Other items in this edition of Fitch's 'REIT Report Quarterly' include:
--An overview of recent rating actions;
--Summaries of recently released REIT reports and criteria;
--Links to recent Fitch research.
'REIT Report Quarterly' is available by clicking on the link or at 'www.fitchratings.com' under the following headers:
Sectors then Financial Institutions then REITs then Newsletters
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
-- 'Convertibles Cut Cost of Funding for EMEA REITs' (Sept. 25, 2012);
--'QE3 Could Be Positive for Equity REITs, Structured' (Sept. 14, 2012).
Steven Marks, +1 212-908-9161
One State Street Plaza
New York, NY 10004
Jean-Pierre Husband, +44 (0)20 7417 6304
Ben McCarthy, +61 2 8256 0388
Jose Vertiz, +1 212-908-0641
Sandro Scenga, +1 212-908-0278
Source: Fitch Ratings