If there is an ideal debt level for REITs, the capital markets will determine what it is, said Keven Lindemann, director of SNL Financial's Real Estate Group. "Maybe going forward levels down in the 35% [area] might be more might be more palatable, more sustainable," he said. If the public capital markets reward lower-leverage REITs with higher valuations, "REITs will trend that way," Lindemann said.

Full Story:

Related Summaries