‘They are one of the few investors in the world that have capital’

(Source: Globe and Mail)

It’s an interesting time to be a real estate investment trust – money has been easy to come by on the capital markets, and the value of the properties so coveted in the industry have been driven lower by a sharp recession.

Analysts estimate more than a billion dollars have been raised by Canadian REITs in the last year, as they issued equity to shore up their balance sheets and prepare for future acquisitions at a time when their stock values hovered near 52-week highs.

Read Steve Ladurantaye’s full article “REITs get ready to buy” in the Globe and Mail (October 25, 2009).

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