New third-quarter data show that REITs continue to have well-structured debt, according to the Nareit Total REIT Industry Tracker Series report. Seventy-nine percent of REITs’ total debt was unsecured, while 91% of listed REITs’ total debt was at a fixed rate,
Q3 2023 data also show that REIT balance sheets are solid and well-positioned for economic and capital market uncertainty, Nareit said. On average, leverage ratios remained modest with debt-to-market assets at 36.2%, while the weighted average term to maturity of REIT debt was 6.5 years and the weighted average interest rate on total debt was 4.0%
“REITs’ balance sheets are in good shape, largely because REITs continue to exercise great discipline in managing them,” said John Worth, Nareit EVP of Research & Investor Outreach. “That discipline, combined with REITs’ ongoing solid operational performance, is enabling REITs to navigate tighter credit conditions and the ongoing high interest rate environment.”
The post Nareit: REIT Finances Remain Healthy appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
Read MoreConnect CRENew third-quarter data show that REITs continue to have well-structured debt, according to the Nareit Total REIT Industry Tracker Series report. Seventy-nine percent of REITs’ total debt was unsecured, while 91% of listed REITs’ total debt was at a fixed rate, Q3 2023 data also show that REIT balance sheets are solid and well-positioned for economic and capital …
The post Nareit: REIT Finances Remain Healthy appeared first on Connect CRE.