As part of our REITs report we spoke with Merrie S. Frankel Senior Credit Officer & Vice President Real Estate Finance at Moody’s Investors Service and she gave us her view on the REITs Industry. She predicts most US REIT rating actions to be negative in the coming year, she has a stable outlook for retail, office, multifamily and health care REITs but a negative outlook on lodging:

“Now the least stable is clearly lodging -  on that we have a negative outlook and negative fundamentals on the business. Every company is cutting back on business travel, mine included, and cut­ting back on expenses. People are doing “staycations” now, so lodg­ing is the least stable.”

Companies mentioned include: Kimco Realty Corporation (KIM), Simon Property Group Inc. (SPG), Federal Realty Investment Trust (FRT), Realty Income Corp. (O), Prologis (PLD), AMB Property Corp. (AMB), First Industrial Realty Trust Inc. (FR) and General Growth Properties Inc. (GGP).
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This entry was posted on Thursday, August 6th, 2009 at 9:15 am and is filed under Financial Services Stocks. You can follow any responses to this entry through the RSS 2.0 feed.